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Title:Power-Law and Log-Normal Distributions in Firm Size Displacement Data PDF Logo
Authors:Ishikawa, Atushi
Issue Date:2008
Series/Report no.:Economics Discussion Papers / Institut für Weltwirtschaft 2008-45
Abstract:We have shown that firm size signed displacement data follow not only power-law in the large scale region but also the log-normal distribution in the middle scale one. In the analyses, we employ three databases: high-income data, high-sales data and positive-profits data of Japanese firms. It is particularly worth noting that the growth rate distributions of the firm size displacement have no wide tail which is observed in assets, sales of firms, the number of employees and personal income data. An extended-Gibrat's law is also found in the growth rate distributions. This leads the power-law and the log-normal distributions of the firm size displacement under the detailed balance.
firm size displacement distribution
Pareto's law
log-normal distribution
(non-)Gibrat's law
detailed balance
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Document Type:Working Paper
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers

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