A closer look at serial growth rate correlation

Review of Industrial Organization

Volumn 31, Issue 1, 2007, Pages 69-82

  Coad, Alex ^a,b,c  

^a MAX PLANCK INSTITUTE FOR THE SCIENCE OF HUMAN HISTORY   (Germany)

^b UNIVERSITÉ PARIS 1 PANTHÉON SORBONNE   (France)

^c SCUOLA SUPERIORE SANT ANNA   (Italy)

Author keywords

Fast growth firms; Firm growth; French manufacturing; Quantile regression; Serial correlation

Indexed keywords

CORRELATION; GROWTH RATE; INDUSTRIAL PERFORMANCE; MANUFACTURING; PANEL DATA; REGRESSION ANALYSIS;

EID: 35448950762     PISSN: 0889938X     EISSN: 15737160     Source Type: Journal    
DOI: 10.1007/s11151-007-9135-y     Document Type: Article

References (29)

1. Almus M., Nerlinger E. (2000) Testing 'Gibrat's law' for young firms - empirical results for West Germany. Small Business Economics 15: 1-12
2. Binder M., Hsiao C., Pesaran C.H. (2005) Estimation and inference in short panel vector autoregressions with unit roots and cointegration. Econometric Theory 21, 795-837
3. Boeri T., Cramer U. (1992) Employment growth, incumbents and entrants: Evidence from Germany. International Journal of Industrial Organization 10: 545-565
4. Bottazzi G., Cefis E., Dosi G. (2002) Corporate growth and industrial structure: Some evidence from the Italian manufacturing industry. Industrial and Corporate Change 11: 705-723
5. Bottazzi G., Cefis E., Dosi G., Secchi A. (2007) Invariances and diversities in the evolution of manufacturing industries. Small Business Economics 29: 137-159
6. Bottazzi, G., Coad, A., Jacoby, N., & Secchi, A. (2005). Corporate growth and industrial dynamics: Evidence from French manufacturing. Pisa, Sant' Anna School of Advanced Studies, LEM Working Paper Series 2005/21.
7. Bottazzi G., Dosi G., Lippi M., Pammolli F., Riccaboni M. (2001) Innovation and corporate growth in the evolution of the drug industry. International Journal of Industrial Organization 19: 1161-1187
8. Bottazzi G., Secchi A. (2003) Common properties and sectoral specificities in the dynamics of U. S. manufacturing companies. Review of Industrial Organization 23: 217-232
9. Bottazzi G., Secchi A. (2006) Explaining the distribution of firms growth rates. Rand Journal of Economics 37(2): 235-256
10. Chesher A. (1979) Testing the law of proportionate effect. Journal of Industrial Economics 27(4): 403-411
11. Coad, A. (2006a). Towards an explanation of the exponential distribution of firm growth rates. Cahiers de la Maison des Sciences Economiques No. 06025 (Série Rouge), Université Paris 1 Panthéon-Sorbonne, France.
12. Coad, A. (2006b). A closer look at serial growth rate correlation. Pisa, Sant'Anna School of Advanced Studies, LEM Working Paper Series 2006/29.
13. Coad, A. & Rao, R. (2006). Innovation and firm growth in high-tech sectors: A quantile regression approach. Pisa, Sant'Anna School of Advanced Studies, LEM Working Paper Series 2006/18.
14. Dunne P., Hughes A. (1994) Age, size, growth and survival: UK companies in the 1980s. Journal of Industrial Economics 42(2): 115-140
15. Friedman M. (1992) Do old fallacies ever die?. Journal of Economic Literature 30(4): 2129-2132
16. Garnsey E., Heffernan P. (2005) Growth setbacks in new firms. Futures 37(7): 675-697
17. Geroski P.A., Machin S., Walters C. (1997) Corporate growth and profitability. Journal of Industrial Economics 45(2): 171-189
18. Geroski P.A., Mazzucato M. (2002) Learning and the sources of corporate growth. Industrial and Corporate Change 11(4): 623-644
19. Goddard J., Wilson J., Blandon P. (2002) Panel tests of Gibrat's Law for Japanese manufacturing. International Journal of Industrial Organization 20: 415-433
20. Hannan M., Freeman J. (1984) Structural inertia and organizational change. American Sociological Review 49(2): 149-164
21. Ijiri Y., Simon H.A. (1967) A model of business firm growth. Econometrica 35(2): 348-355
22. Jovanovic B. (1982) Selection and the evolution of industry. Econometrica 50: 649-670
23. Koenker R., Bassett G. (1978) Regression quantiles. Econometrica 46: 33-50
24. Koenker R., Hallock K.F. (2001) Quantile regression. Journal of Economic Perspectives 15(4): 143-156
25. Kumar M.S. (1985) Growth, acquisition activity and firm size: Evidence from the United Kingdom. Journal of Industrial Economics 33(3): 327-338
26. Lotti F., Santarelli E., Vivarelli M. (2003) Does Gibrat's law hold among young, small firms?. Journal of Evolutionary Economics 13: 213-235
27. Singh A., Whittington G. (1975) The size and growth of firms. Review of Economic Studies 42(1): 15-26
28. Wagner J. (1992) Firm size, firm growth, and persistence of chance: Testing Gibrat's law with establishment data from lower saxony, 1978-1989. Small Business Economics 2(4): 125-131
29. Weiss C. (1998) Size, growth, and survival in the upper Austrian farm sector. Small Business Economics 10: 305-312