Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/89374
Authors: 
Castaldi, Carolina
Dosi, Giovanni
Year of Publication: 
2007
Series/Report no.: 
LEM Working Paper Series 2007/14
Abstract: 
This work brings together two distinct pieces of evidence concerning, at the macro level, international distributions of incomes and their dynamics, and, at the micro level, the size distributions of firms and the properties of their growth rates. First, our empirical analysis provides a new look at the international distributions of incomes and growth rates by investigating more closely the relationship between the two entities and the statistical properties of the growth process. Second, we identify the statistical properties that are invariant with respect to the scale of observation (country or firm) as distinct from those that are scale specific. This exercise proposes a few major interpretative challenges regarding the correlating processes underlying the statistical evidence.
Subjects: 
international distribution of income
international growth rates
firm growth
scaling laws
growth volatility
exponential tails
JEL: 
C10
C14
O11
Document Type: 
Working Paper

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