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Non linearità e dinamica della dimensione d'impresa in Italia

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  • Roberto Basile

    ()
    (ISAE - Institute for Studies and Economic Analyses)

  • Sergio de Nardis

    (ISAE - Institute for Studies and Economic Analyses)

Abstract

Using a balanced longitudinal data set on Italian manufacturing firms born in 1996 and active in 2000, we analyse the firm size dynamics. The aim is to assess the presence of non-linearities and/or discontinuities in the growth behaviour generated by the employment protection legislation (EPL), which is much stricter for firms with more than 15 employees (“articolo 18 Statuto dei Lavoratori”). Local regression estimates suggest that firms with an initial size close to 15 employees are more reluctant to grow. Furthermore, conditional density estimates show that firms close to the 15 employees threshold are more likely to move backward than upward with respect to this threshold. We interpret these results as a necessary but not sufficient evidence of a negative effect of the EPL. Indeed, they could also be consistent with optimal choices of growth behaviour regardless the strictness of EPL.

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Bibliographic Info

Paper provided by ISTAT - Italian National Institute of Statistics - (Rome, ITALY) in its series ISAE Working Papers with number 40.

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Length: 28 pages
Date of creation: Jan 2004
Date of revision:
Handle: RePEc:isa:wpaper:40

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Keywords: Firm growth; Gibrat’s Law; Italy; Non-linearities; Discontinuity; Conditional Density.;

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References

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  1. Pietro Garibaldi & Lia Pacelli & Andrea Borgarello, 2004. "Employment Protection Legislation and the Size of Firms," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 63(1), pages 33-68, April.
  2. F. Lotti & E. Santarelli, 2001. "Industry Dynamics and the Distiribution of Firm Sizes: A Non-Parametric Apporoach," Working Papers 406, Dipartimento Scienze Economiche, Universita' di Bologna.
  3. F. Lotti & E. Santarelli & M. Vivarelli, 1999. "Does Gibrat’s Law Hold in the Case of Young, Small Firms?," Working Papers 361, Dipartimento Scienze Economiche, Universita' di Bologna.
  4. Francesca Lotti & Enrico Santarelli, 2004. "Industry Dynamics and the Distribution of Firm Sizes: A Nonparametric Approach," Southern Economic Journal, Southern Economic Association, vol. 70(3), pages 443-466, January.
  5. Lu�s M B Cabral & Jos� Mata, 2003. "On the Evolution of the Firm Size Distribution: Facts and Theory," American Economic Review, American Economic Association, vol. 93(4), pages 1075-1090, September.
  6. Geroski, P. A., 1995. "What do we know about entry?," International Journal of Industrial Organization, Elsevier, vol. 13(4), pages 421-440, December.
  7. Jinyong Hahn & Petra Todd & Wilbert Van der Klaauw, 1999. "Evaluating the Effect of an Antidiscrimination Law Using a Regression-Discontinuity Design," NBER Working Papers 7131, National Bureau of Economic Research, Inc.
  8. Gianni Principe, 2003. "Soglie Dimensionali e Regolazione del Rapporto di Lavoro in Italia," ISAE Working Papers 36, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).
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Cited by:
  1. Sergio de Nardis & Massimo Mancini & Carmine Pappalardo, 2003. "Regolazione del mercato del lavoro e crescita dimensionale delle imprese: Una verifica sull'effetto soglia dei 15 dipendenti," ISAE Working Papers 38, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).

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