An analysis of the size distribution of Italian firms by age
In this paper we analyze the size distribution of Italian firms by age. In other words, we want to establish whether the way that the size of firms is distributed varies as firms become old. As a proxy of size we use capital. In [L.M.B. Cabral, J. Mata, On the evolution of the firm size distribution: Facts and theory, American Economic Review 93 (2003) 1075–1090], the authors study the distribution of Portuguese firms and they find out that, while the size distribution of all firms is fairly stable over time, the distributions of firms by age groups are appreciably different. In particular, as the age of the firms increases, their size distribution on the log scale shifts to the right, the left tails becomes thinner and the right tail thicker, with a clear decrease of the skewness. In this paper, we perform a similar analysis with Italian firms using the CEBI database, also considering firms’ growth rates. Although there are several papers dealing with Italian firms and their size distribution, to our knowledge a similar study concerning size and age has not been performed yet for Italy, especially with such a big panel.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 389 (2010)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.journals.elsevier.com/physica-a-statistical-mechpplications/|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Singh, S K & Maddala, G S, 1976. "A Function for Size Distribution of Incomes," Econometrica, Econometric Society, vol. 44(5), pages 963-70, September.
- Giulio Bottazzi & Angelo Secchi, 2005.
"Explaining the Distribution of Firms Growth Rates,"
LEM Papers Series
2005/16, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- L. A. N. Amaral & S. V. Buldyrev & S. Havlin & H. Leschhorn & P. Maass & M. A. Salinger & H. E. Stanley & M. H. R. Stanley, 1997. "Scaling behavior in economics: I. Empirical results for company growth," Papers cond-mat/9702082, arXiv.org.
- 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.
- Cabral, Luís M B & Mata, José, 2001. "On the Evolution of the Firm Size Distribution: Facts and Theory," CEPR Discussion Papers 3045, C.E.P.R. Discussion Papers.
- Clementi, F. & Di Matteo, T. & Gallegati, M. & Kaniadakis, G., 2008.
"The κ-generalized distribution: A new descriptive model for the size distribution of incomes,"
Physica A: Statistical Mechanics and its Applications,
Elsevier, vol. 387(13), pages 3201-3208.
- F. Clementi & T. Di Matteo & M. Gallegati & G. Kaniadakis, 2007. "The k-generalized distribution: A new descriptive model for the size distribution of incomes," Papers 0710.3645, arXiv.org, revised Jan 2008.
- Bottazzi, Giulio, 2009.
"On the irreconcilability of Pareto and Gibrat laws,"
Physica A: Statistical Mechanics and its Applications,
Elsevier, vol. 388(7), pages 1133-1136.
- Giulio Bottazzi, 2007. "On the Irreconcilability of Pareto and Gibrat Laws," LEM Papers Series 2007/10, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Esteban, Joan M, 1986. "Income-Share Elasticity and the Size Distribution of Income," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 27(2), pages 439-44, June.
- McDonald, James B, 1984. "Some Generalized Functions for the Size Distribution of Income," Econometrica, Econometric Society, vol. 52(3), pages 647-63, May.
- Paolo Angelini & Andrea Generale, 2008. "On the Evolution of Firm Size Distributions," American Economic Review, American Economic Association, vol. 98(1), pages 426-38, March.
- L. Crosato & P. Ganugi, 2007. "Statistical regularity of firm size distribution: the Pareto IV and truncated Yule for Italian SCI manufacturing," Statistical Methods and Applications, Springer, vol. 16(1), pages 85-115, June.
- Giulio Bottazzi & Elena Cefis & Giovanni Dosi, 2002.
"Corporate growth and industrial structures: some evidence from the Italian manufacturing industry,"
Industrial and Corporate Change,
Oxford University Press, vol. 11(4), pages 705-723, August.
- Giulio Bottazzi & Elena Cefis & Giovanni Dosi, 2001. "Corporate Growth and Industrial Structure. Some Evidence from the Italian Manufacturing Industry," LEM Papers Series 2001/08, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
When requesting a correction, please mention this item's handle: RePEc:eee:phsmap:v:389:y:2010:i:3:p:459-466. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If references are entirely missing, you can add them using this form.