| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11261 |
| 来源ID | Working Paper 11261 |
| Firm Size Dynamics in the Aggregate Economy | |
| Esteban Rossi-Hansberg; Mark L.J. Wright | |
| 发表日期 | 2005-04-18 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | Why do firm growth and exit rates decline with size? What determines the size distribution of firms? This paper presents a theory of firm dynamics that simultaneously rationalizes the basic facts on firm growth, exit, and size distributions. The theory emphasizes the accumulation of industry specific human capital in response to industry specific productivity shocks. The theory implies that firm growth and exit rates should decline faster with size, and the size distribution should have thinner tails, in sectors that use human capital less intensively, or correspondingly, physical capital more intensively. In line with the theory, we document substantial sectoral heterogeneity in US firm dynamics and firm size distributions, which is well explained by variation in physical capital intensities. |
| 主题 | Macroeconomics ; Consumption and Investment ; Microeconomics ; Households and Firms ; Industrial Organization ; Firm Behavior |
| URL | https://www.nber.org/papers/w11261 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568898 |
| 推荐引用方式 GB/T 7714 | Esteban Rossi-Hansberg,Mark L.J. Wright. Firm Size Dynamics in the Aggregate Economy. 2005. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w11261.pdf（490KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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