Title
Corporate growth and industrial dynamics: Evidence from french manufacturing
Date Issued
01 January 2011
Access level
open access
Resource Type
journal article
Author(s)
Bottazzi G.
Jacoby N.
Secchi A.
University Paris 1 Panthéon-Sorbonne
Publisher(s)
Taylor & Francis
Abstract
This work explores basic properties of the size and growth rates distributions of firms at the aggregate and disaggregate levels. Using an extensive dataset on French manufacturing firms, we investigate which properties of firm size distributions and growth dynamics characterize the aggregate dynamics and are, at the same time, robust under disaggregation. Our analysis is based on nonlinear robust regression methods which have never been applied before to this kind of data. The growth rates distributions we observe are well described by a Subbotin distribution with a shape parameter significantly lower than 1, suggesting a noticeable departure from the Laplace behaviour reported in previous works on Italian and the US data. At the same time, the variance of growth rates depends negatively on size and the relationship does not seem to be linear, with larger firms possibly displaying lower variability in their growth dynamics. At the disaggregate level, we observe significant heterogeneity in the firm size distributions across sectors, while the shape of the sectoral growth rates density displays a surprising degree of homogeneity.
Start page
103
End page
116
Volume
43
Issue
1
Language
English
OCDE Knowledge area
Economía
Scopus EID
2-s2.0-78650769732
Source
Applied Economics
ISSN of the container
14664283
Sponsor(s)
We thank Giovanni Dosi and two anonymous referees for helpful comments. This work would not have been possible without data provided by INSEE. Precious help from Daniele Bastide at SESSI is gratefully acknowledged. Some of the research that has led to this work has been undertaken as part of the activities of the DIME Network of Excellence, sponsored by the European Union. The usual caveat applies. European Commission EC
Sources of information: Directorio de Producción Científica Scopus