2007/14 | LEM Working Paper Series | |
![]() |
||
The patterns of output growth of firms and countries: new evidence on scale invariances and scale specificities |
||
Carolina Castaldi and Giovanni Dosi |
||
Keywords | ||
![]() |
![]() |
|
International distribution of income, international growth rates, firm growth, scaling laws, growth volatility, exponential tails
|
||
JEL Classifications | ||
![]() |
![]() |
|
C10, C14, O11
|
||
Abstract | ||
![]() |
![]() |
|
This work brings together two distinct pieces of evidence concerning,
at the macro level, international distributions of incomes and their
dynamics, and, at the micro level, the size distributions of firms and
the properties of their growth rates.
First, our empirical analysis provides a new look at the international
distribu- tions of incomes and growth rates by investigating more
closely the relationship between the two entities and the statistical
properties of the growth process.
Second, we identify the statistical properties that are invariant with
respect to the scale of observation (country or firm) as distinct from
those that are scale specific. This exercise proposes a few major
interpretative challenges regarding the correlating processes
underlying the statistical evidence.
|
||
Downloads | ||
![]() |
![]() |
|
|
||
![]() | ||
![]() |