Are differences in firm size transitory or permanent?

Journal of Applied Econometrics

Volumn 18, Issue 1, 2003, Pages 47-59

  Geroski, P A ^a,b   Lazarova, S ^a   Urga, G ^c   Walters, C F ^c  

^a LONDON BUSINESS SCHOOL   (United Kingdom)

^b United Kingdom Competition and Markets Authority   (United Kingdom)

^c New Court ^*

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0142023213     PISSN: 08837252     EISSN: None     Source Type: Journal    
DOI: 10.1002/jae.676     Document Type: Article

References (42)

1. Barro R, Sala-I-Martin X. 1995. Economic Growth. McGraw-Hill: New York.
2. Bernard A, Durlauf S. 1995. Convergence in international output. Journal of Applied Economics 10: 97-108.
3. Bernard A, Durlauf S. 1996. Interpreting tests of the convergence hypothesis. Journal of Econometrics 71: 161-173.
4. Bernard A, Jones C. 1996a. Productivity across industries and countries: time series theory and evidence. Review of Economics and Statistics 78: 135-146.
5. Bernard A, Jones C. 1996b. Comparing apples to oranges: productivity convergence and measurement across industries and countries. American Economic Review 86: 1216-1238.
6. Bernard A, Jones C. 1996c. Technology and convergence. Economic Journal 106: 1037-1044.
7. Binder M, Hsiao C, Pesaran MH. 2000. Estimation and inference in short panel vector autoregressions with unit roots and cointegration. Mimeo, Department of Applied Economics, University of Cambridge, April.
8. Caballero R, Engel E, Haltiwanger J. 1995. Plant level adjustment and aggregate investment dynamics. Brookings Papers on Economic Activity 2: 1-39.
9. Caballero R, Engel E, Haltiwanger J. 1997. Aggregate employment dynamics: building from microeconomic evidence. American Economic Review 87: 115-137.
10. Cefis E. 1996. Is there any persistence in innovative activities? Mimeo, European University Institute, Florence.
11. Chesher A. 1979. Testing the law of proportionate effect. Journal of Industrial Economics 27: 403-411.
12. Cosh A, Hughes A, Lee H, Pudney S. 1998. Semi-parametric estimation of the company Size-growth relation. In Applied Economics and Public Policy, Begg I, Henry S (eds). Cambridge University Press: Cambridge.
13. Dunne P, Hughes A. 1994. Age, size, growth and survival: UK companies in the 1980s. Journal of Industrial Economics 42: 115-140.
14. Durlauf S, Johnson P. 1995. Multiple regimes and cross country growth behaviour. Journal of Applied Econometrics 10: 365-384.
15. Evans D. 1987. Tests of alternative theories of firm growth. Journal of Political Economy 95: 657-674.
16. Galor O. 1996. Convergence? Inferences from theoretical models. Economic Journal 106: 1056-1069.
17. Geroski P, Machin S, Walters C. 1997. Corporate growth and profitability. Journal of Industrial Economics 45: 171-189.
18. Gerosk P, Urga G, Walters C. 1997. Are differences in firm size transitory or permanent? CEPR Discussion Paper No. 1691 and Centre for Economic Forecasting Discussion Paper No. 21-97.
19. Geroski P, Van Reenen J, Walters C. 1997. How persistently do firms innovate? Research Policy 26: 33-48.
20. Goudie A, Meeks G. 1986. Company Finance and Performance - Aggregated Financial Accounts for Individual British Industries, 1948-1982. Burlington Press: Cambridge.
21. Hall B. 1987. The relationship between firm size and firm growth in the US manufacturing sector. Journal of Industrial Economics 35: 583-606.
22. Hamermesh D, Pfann G. 1994. Adjustment costs in factor demand. Journal of Economic Literature 34: 1264-1292.
23. Hart P. 1962. The size and growth of firms. Economica 29: 29-39.
24. Hart P, Oulton N. 1996. Growth and size of firms. Economic Journal 106: 1242-1252.
25. Hsiao C, Pesaran MH, Tahmiscioglu AK. 1999. Maximum likelihood estimation of fixed effects dynamic panel data models covering short time periods. Mimeo, Department of Applied Economics, University of Cambridge, September.
26. Im K, Pesaran H, Shin Y. 1997. Testing for unit roots in heterogenous panels. Mimeo, Department of Applied Economics, University of Cambridge.
27. Lee K, Pesaran H, Smith R. 1997. Growth and convergence in a multi-country empirical stochastic Solow model. Journal of Applied Econometrics 12: 357-392.
28. Maddala G, Wu S. 1999. A comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and Statistics 61: 631-652.
29. Nickell S. 1981. Biases in dynamic models with fixed effects. Econometrica 49: 1399-1416.
30. Penrose E. 1959. The Theory of the Growth of the Firm. Basil Blackwell: Oxford.
31. Pesaran H, Smith R. 1995. Estimating long-run relationships from dynamic heterogeneous panels. Journal of Econometrics 68: 79-113.
32. Prais S. 1976. The Evolution of Giant Firms in Britain. Cambridge University Press: Cambridge.
33. Quah D. 1993a. Empirical cross section dynamics in economic growth. European Economic Review 37: 426-434.
34. Quah D. 1993b. Gallon's fallacy and tests of the convergence hypothesis. Scandinavian Journal of Economics 95: 427-443.
35. Quah D. 1996. Twin peaks: growth and convergence in models of distribution dynamics. Economic Journal 106: 1045-1055.
36. Sala-i-Martin X. 1996. The classical approach to convergence analysis. Economic Journal 106: 1019-1036.
37. Samuels J. 1965. The size and growth of firms. Review of Economic Studies 32: 105-112.
38. Singh A, Whittington G. 1968. Growth, Profitability and Valuation. Cambridge University Press: Cambridge.
39. Singh A, Whittington G. 1975. The size and growth of firms. Review of Economic Studies 42: 15-26.
40. Sutton J. 1991. Sunk Costs and Market Structure. MIT Press: Cambridge, MA.
41. Sutton J. 1997. Gibrat's legacy. Journal of Economic Literature 35: 40-59.
42. Swamy P. 1971. Statistical Inference in Random Coefficient Regression Models. Springer-Verlag: New York.