Scale-free distribution of firm-size distribution in emerging economies

Štefan Lyócsa and Tomáš Výrost

Physica A: Statistical Mechanics and its Applications, 2018, vol. 508, issue C, 501-505

Abstract: We test firm-size distributions in 10 emerging economies in Europe, using data on total assets of 1 884 006 firms. On the economy level, power-law firm size distribution is plausible for 8 countries with scaling parameter α≈2. At the industry level, power-law firm size distribution is not rejected for 53% of all cases. However, an alternative log-normal distribution that might follow from Gibrat’s law also appears to be likely as at the economy level it was not ruled out for 9 countries and 74% of industry-level cases.

Keywords: Firm size; Power-law; Central and Eastern Europe; Market structure; NACE (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:508:y:2018:i:c:p:501-505

DOI: 10.1016/j.physa.2018.05.088

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