| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2126 |
| DP2126 Equilibrium Unemployment Insurance | |
| Fabrizio Zilibotti; John Hassler; Jose V. Rodríguez Mora; Kjetil Storesletten | |
| 发表日期 | 1999-04-26 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | This paper is a reflective survey of past and recent econometric work on the growth of firms. Most of this work suggests that firm size follows a random walk; i.e. that corporate growth rates are random. The survey documents this, and shows what a strong result this is by contrasting it with several alternative (and rather obvious) models which might be used to explain corporate growth rates but which are basically inconsistent with the data. The survey also discusses complementary evidence on corporate innovation rates and adjustment costs in investment/employment decisions which is consistent with (and therefore provide some support for) these results. This particular result is striking for a number of reasons, not least because it is basically inconsistent with most theories of the growth of firms which have be developed over the years. It is also inconsistent with the recently fashionable resource based theory of the firm. The second half of this essay identified how and why these theories of growth seem to be inconsistent with the data. |
| 主题 | Industrial Organization |
| 关键词 | Gibrat's law Growth |
| URL | https://cepr.org/publications/dp2126 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531239 |
| 推荐引用方式 GB/T 7714 | Fabrizio Zilibotti,John Hassler,Jose V. Rodríguez Mora,et al. DP2126 Equilibrium Unemployment Insurance. 1999. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
