The relationship between firm growth and labor demand

Growth and Diversification Patterns of the Worldwide Pharmaceutical Industry

“…This result is similar to the findings concerning U.K. firms reported in Kumar (1985) and Geroski et al (1997). Notice, however, that investigations on different database reveals the presence of different linear structures (see Contini and Revelli, 1992;Boeri and Cramer, 1992, respectively, on Italian and German data).…”

“…Similar results are discussed in Kumar (1985) and Geroski et al (1997). However, the empirical evidence concerning the sign and magnitude of this autocorrelation is mixed: for contrasting evidence (see Contini and Revelli, 1992;Boeri and Cramer, 1992).…”

Subcontracting in the Italian Industry: Labour Division, Firm Growth and the North-South Divide

“…Theoretical growth rates are considerable for the lowest size (growth rate for employees is higher than 30% for firms with 11 employees), but much lower as firm size increases (17% for 31 employees, 9% for 51 employees and 4% for 100 employees). Estimates of parameter θ 2 indicate negative statistically significant growth persistence only for employees (not for real sales), which is in line with the literature on Italy (CONTINI and REVELLI, 1989). The overall conclusion is that the results of Tables 5 and 6 support the findings in most of literature on empirical lack of validity for Gibrat's law.…”

Does Gibrat’s Law Hold? Evidence from Canadian Retail and Manufacturing Firms

“…These studies find a positive serial correlation, which is the normal finding when growth correlation across periods exists. One exception is Contini and Revelli (1989), who find negative growth correlation for Italian manufacturing firms. Alternatively, Tschoegl (1983) finds that growth rates are serially uncorrelated when looking at a sample of large international banks.…”