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The Relationship Between Firm Growth, Size, and Age: Estimates for 100 Manufacturing Industries


  • Evans, David S.


This study uses a sample of all firms operating in 100 manufacturing industries to examine some aspects of firm dynamics. It finds that firm growth, the variability of firm growth, and the probability that a firm will fail decrease with firm age. It also finds that firm growth decreases at a diminishing rate with firm size even after controlling for the exit of slow-growing firms from the sample. Gibrat's Law therefore fails, although the severity of the failure decreases with firm size. Copyright 1987 by Blackwell Publishing Ltd.
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  • Evans, David S., 1986. "The Relationship Between Firm Growth, Size, and Age: Estimates for 100 Manufacturing Industries," Working Papers 86-33, C.V. Starr Center for Applied Economics, New York University.
  • Handle: RePEc:cvs:starer:86-33

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    References listed on IDEAS

    1. Robert E. Lipsey & Irving B. Kravis, 1985. "The Competitive Position of U.S. Manufacturing Firms," NBER Working Papers 1557, National Bureau of Economic Research, Inc.
    2. Robert E. Lipsey, 1982. "Recent Trends in U.S. Trade and Investment," NBER Working Papers 1009, National Bureau of Economic Research, Inc.
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