Job creation and the intra-distribution dynamics of the firm size distribution

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F14%3A00213028" target="_blank" >RIV/62156489:43110/14:00213028 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1093/icc/dtt055" target="_blank" >http://dx.doi.org/10.1093/icc/dtt055</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1093/icc/dtt055" target="_blank" >10.1093/icc/dtt055</a>

Result language
angličtina
Original language name
Job creation and the intra-distribution dynamics of the firm size distribution
Original language description
Based on a three-equation model for initial firm size, survival, and firm growth we estimate firm-specific transition probabilities between size classes of the firm size distribution. This allows to analyze counterfactual scenarios that assess the impactof changes in exogenous variables on the intra-distribution dynamics of the firm size distribution. We find that a counterfactual decrease in average firm age increases the exit hazard of young firms, and at the same time reduces the probability of observing high-growth firms. An increase in the industry-wide entry rate and an increase in market growth, by contrast, have virtually no impact on the intra-distribution dynamics of the firm size distribution. Finally, a larger birth size increases the probability for the youngest and smallest firms to become high-growth firms.
Czech name
—
Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
—

Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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