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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Industrial and Corporate Change

ISSN

0960-6491

e-ISSN

—

Svazek periodika

23

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

27

Strana od-do

171-197

Kód UT WoS článku

330445700007

EID výsledku v databázi Scopus

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