Non linearità e dinamica della dimensione d'impresa in Italia

Roberto Basile () and Sergio de Nardis

No 40, ISAE Working Papers from ISTAT - Italian National Institute of Statistics - (Rome, ITALY)

Abstract: Using a balanced longitudinal data set on Italian manufacturing firms born in 1996 and active in 2000, we analyse the firm size dynamics. The aim is to assess the presence of non-linearities and/or discontinuities in the growth behaviour generated by the employment protection legislation (EPL), which is much stricter for firms with more than 15 employees (“articolo 18 Statuto dei Lavoratori”). Local regression estimates suggest that firms with an initial size close to 15 employees are more reluctant to grow. Furthermore, conditional density estimates show that firms close to the 15 employees threshold are more likely to move backward than upward with respect to this threshold. We interpret these results as a necessary but not sufficient evidence of a negative effect of the EPL. Indeed, they could also be consistent with optimal choices of growth behaviour regardless the strictness of EPL.

Keywords: Firm growth; Gibrat’s Law; Italy; Non-linearities; Discontinuity; Conditional Density. (search for similar items in EconPapers)
JEL-codes: C14 J4 L11 L60 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2004-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: Non linearità e dinamica della dimensione d'impresa in Italia (2004)
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