Corporate growth and industrial dynamics: evidence from French manufacturing

Abstract

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Causal relations between knowledge-intensive business services and regional employment growth

“…We employ the same data set for which Duschl and Brenner (2013a) have observed a non-Gaussian (almost Laplacian) distribution of regional industry-specific employment growth rates (the data will be described in the next section). This finding can be connected to previous studies which found heavier-than-Gaussian tails in the empirical distributions of firm (sales and employment) growth rates (Stanley et al, 1996;Bottazzi et al, 2011), of industry (value added) growth rates (Castaldi and Sapio, 2008) and of country (aggregate output) growth rates (Fagiolo et al, 2008). Non-Gaussian distributions might in principle result from a stochastic process governed by Gaussian shocks (Brock, 1999).…”

Growth processes of Italian manufacturing firms

“…Bottazzi et al, 2009), and is explored in Coad (2007a). We first focus on the Lag-1 results, already providing the bulk of the message which the addition of a second lag will largely confirm (see below).…”

“…The normalization, besides keeping comparability with previous work (e.g. Bottazzi et al (2007), Bottazzi et al (2009)), also removes average time trends common to all the firms caused by factors such as inflation and business cycle effects. 8…”

Zipf law and the firm size distribution: a critical discussion of popular estimators

“…The Laplacian nature of the shocks has been found to be robust and invariant across countries and also across sectors, even at different level of sectoral aggregation. See Amaral et al (1997); Secchi (2003, 2006); Bottazzi et al (2011).…”