|
| |
| Pasquale Cirillo |
| |
| ''Some evidence about the evolution of the size distribution of Italian firms by age'' |
| ( 2009, Vol. 29 No.3 ) |
| |
| |
| In this short note we are interested in the distribution of Italian firm size by age. In the wake of other recent work, such as Cabral and Mata (2003) [On the evolution of firm size distribution: facts and theory. American Economic Review 93, 1075-1090] for Portuguese companies, we aim to verify if the size distribution of young firms (less than 5 years old) is sensibly different from that of older firms (more than 30 years old).
To perform our analysis we use a very comprehensive industrial panel, with about 25k firms for twenty years of observations.
As far as the results are concerned, it is possible to verify a clear difference in the size distribution of firms by age, for which we give a good fit using the generalized beta distribution of the second kind.
|
| |
| |
| Keywords: firms' size distribution, generalized beta of the second kind, firms' age, empirical laws |
JEL: C4 - Econometric and Statistical Methods: Special Topics
D3 - Distribution: General |
| |
| Manuscript Received : Mar 05 2009 | | Manuscript Accepted : Jul 22 2009 |
|
