New evidence on Gibrat’s law for cities
Rafael González-Val (),
Luis Lanaspa () and
Fernando Sanz ()
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Luis Lanaspa: Universidad de Zaragoza
Fernando Sanz: Universidad de Zaragoza
No 2012/18, Working Papers from Institut d'Economia de Barcelona (IEB)
The aim of this work is to test empirically the validity of Gibrat’s law on the growth of cities, using data on the complete distribution of cities from three countries (the US, Spain and Italy) for the entire twentieth century. In order to achieve this, we use different techniques. First, panel data unit root tests tend to confirm the validity of Gibrat’s law in the upper-tail distribution. Second, when we consider the entire distribution, we find that Gibrat’s law does not hold exactly in the long term using nonparametric methods that relate the growth rate to the initial city size.
Keywords: Gibrat’s law; city size distribution; urban growth (search for similar items in EconPapers)
JEL-codes: R00 C14 (search for similar items in EconPapers)
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Working Paper: New Evidence on Gibrat’s Law for Cities (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ieb:wpaper:doc2012-18
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