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dc.contributor.authorCoad, Alexen_US
dc.contributor.authorHölzl, Werneren_US
dc.date.accessioned2010-03-30en_US
dc.date.accessioned2010-05-20T14:38:01Z-
dc.date.available2010-05-20T14:38:01Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/32646-
dc.description.abstractRecent research has led to the empirical regularity that firm growth rate distributions are heavy tailed. This finding implies that a few firms experience spectacular growth rates and decline, but that most firms have marginal growth rates. The literature on high growth firms shows that high growth firms are the central drivers of job creation in the economy but that these firms are neither clustered in high technology sectors nor are these firms necessarily young and small. The evidence on the determinants of firm growth confirms that firm growth is difficult to predict. The finding that firm growth is well approximated by a random process does not only reflect the heterogeneity at the firm level but is also associated with the low persistence of growth rates over time.en_US
dc.language.isoengen_US
dc.publisherMax-Planck-Inst. für Ökonomik Jenaen_US
dc.relation.ispartofseriesPapers on economics and evolution 1002en_US
dc.subject.jelL11en_US
dc.subject.jelL25en_US
dc.subject.ddc330en_US
dc.subject.keywordfirm growthen_US
dc.titleFirm growth: Empirical analysisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn622801546en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Papers on Economics and Evolution, MPI für Ökonomik

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