G2TT
来源类型Discussion paper
规范类型论文
来源IDDP2859
DP2859 Economic and Legal Aspects of the Most Favoured Nation Clause
Henrik Horn; Petros C. Mavroidis
发表日期2001-06-18
出版年2001
语种英语
摘要It is widely believed that the implementation of the Single Market Programme in 1992 has had an impact on national markets in Europe, and some people have argued that it has induced a convergence in industrial structures across countries. Using a newly available database, however, covering nearly every firm above 100 employees in 14 European countries over the time period 1994 to 1998, we do not find strong evidence for ?convergence? in manufacturing in Europe. ?Full? convergence in corporate sizes within industries is unambiguously rejected by the data, although there may be some industries where some form of conditional convergence is observed. A Gibrat process best describes the growth of very large and mature firms; but smaller and younger firms depart from this prediction. While we can identify significant correlates of growth such as firm size, age or the internal organization of the firm, most of the variation in corporate growth remains unpredictable.
主题Industrial Organization
关键词Corporate growth Convergence Europe Gibrat's law
URLhttps://cepr.org/publications/dp2859
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/531901
推荐引用方式
GB/T 7714
Henrik Horn,Petros C. Mavroidis. DP2859 Economic and Legal Aspects of the Most Favoured Nation Clause. 2001.
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