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Un modello di crescita discontinua dell’impresa: teoria ed evidenza empirica

Enrico D’Elia (), Leopoldo Nascia () and Alessandro Zeli ()
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Enrico D’Elia: Ministero dell’Economia e Finanze-Dipartimento del Tesoro, Direzione I and Istat-Analisi Economico-Finanziaria, Rome.
Leopoldo Nascia: Istat-Dipartimento per i conti nazionali e le statistiche economiche, Servizio Statistiche strutturali sulle imprese e le istituzioni, Rome.
Alessandro Zeli: Istat-Dipartimento per i conti nazionali e le statistiche economiche, Servizio Statistiche strutturali sulle imprese e le istituzioni, Rome.

Authors registered in the RePEc Author Service: Enrico D'Elia ()

Rivista di Politica Economica, 2014, issue 1, 323-354

Abstract: Firm’s size tipically changes through discrete leaps over time.The model of firm’s growth discussed here entails some nonstandard consequences. Firstly, profitability is not a continuous function of size, but exhibits a number of peaks. Secondly, investment increases in those firms where profit falls shorter some given threshold. The main predictions of the model are confirmed by non-parametric analysis and panel estimation on a sample of Italian manufacturing firms from 1998 to 2007.

Keywords: capacity utilization; discontinuity; firm’s size; growth; investment; non parametric smoothing; panel regression; profit function. (search for similar items in EconPapers)
JEL-codes: D21 D92 L11 (search for similar items in EconPapers)
Date: 2014
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Working Paper: Un modello di crescita discontinua dell'impresa: teoria ed evidenza empirica (2012) Downloads
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