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Firm-size distribution in Poland – is power law applicable?

Piotr Gabrielczak () and Tomasz Serwach ()
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Piotr Gabrielczak: University of Lodz
Tomasz Serwach: University of Lodz

No 3/2019, Lodz Economics Working Papers from University of Lodz, Faculty of Economics and Sociology

Abstract: The article focuses on power laws and their growing popularity in science in general and in economics specifically. The theoretical mechanisms responsible for their generating are reviewed. We also empirically test whether firm-size distribution of companies in Poland has the characteristics of the Zipf’s law – a special case of a power law. This is confirmed based on an investigation within the sample of 2000 largest companies and a set of alternative estimators of the power law exponent.

Keywords: power law; Zipf’s law; firm-size distribution; scaling (search for similar items in EconPapers)
JEL-codes: C46 D39 L25 (search for similar items in EconPapers)
Date: 2019-09-20
New Economics Papers: this item is included in nep-com and nep-hme
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http://hdl.handle.net/11089/30229 First version, 2019 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ann:wpaper:3/2019

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