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The Paretian Ratio Distribution -- An application to the volatility of GDP

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  • Manas, Arnaud

Abstract

Recently, Gabaix suggested that the volatility of GDP could come from the Pareto distribution of the firm sizes. This paper describes and gives an approximation of the Paretian Ratio Distribution (PRD), which represents the weight of the firm in GDP.

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  • Manas, Arnaud, 2011. "The Paretian Ratio Distribution -- An application to the volatility of GDP," Economics Letters, Elsevier, vol. 111(2), pages 180-183, May.
    • Handle: RePEc:eee:ecolet:v:111:y:2011:i:2:p:180-183
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    References listed on IDEAS

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    1. Xavier Gabaix, 2011. "The Granular Origins of Aggregate Fluctuations," Econometrica, Econometric Society, vol. 79(3), pages 733-772, May.
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