Exploring the "mechanics" of firm growth : evidence from a short-panel VAR
AbstractThis paper offers many new insights into the processes of firm growth by applying a vector autoregression (VAR) model to longitudinal panel data on French manufacturing firms. We observe the co-evolution of key variables such as growth of employment, sales, gross operating surplus and labour productivity growth. Preliminary results suggest that employment growth is succeeded by the growth of sales, which in turn is followed by growth of profits. Generally speaking, however, growth of profits is not followed by much employment growth or sales growth.
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Date of creation: Jul 2007
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Firm growth; panel VAR; employment growth; industrial dynamics; productivity growth.;
Other versions of this item:
- Alex Coad, 2007. "Exploring the "mechanics" of firm growth : evidence from a short-panel VAR," Documents de travail du Centre d'Economie de la Sorbonne r07037, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
- L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
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- Martin Binder & Alex Coad, 2009. "An Examination of the Dynamics of Happiness Using Vector Autoregressions," Papers on Economics and Evolution 2009-04, Max Planck Institute of Economics, Evolutionary Economics Group.
- Alex Coad & Rekha Rao & Federico Tamagni, 2008.
"Growth Processes of Italian Manufacturing Firms,"
Jena Economic Research Papers
2008-039, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
- Alexander Coad & Rekha Rao, 2007.
"Firm Growth and R&D Expenditure,"
Papers on Economics and Evolution
2007-10, Max Planck Institute of Economics, Evolutionary Economics Group.
- Alexander Coad, 2007. "Disentangling the firm growth process: evidence from a recursive panel VAR," Papers on Economics and Evolution 2007-15, Max Planck Institute of Economics, Evolutionary Economics Group.
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