Scale-free distribution of firm-size distribution in emerging economies
| Authors | |
|---|---|
| Year of publication | 2018 |
| Type | Article in Periodical |
| Magazine / Source | Physica A: Statistical Mechanics and its Applications |
| MU Faculty or unit | |
| Citation | |
| Web | https://www.sciencedirect.com/science/article/pii/S0378437118306381 |
| Doi | http://dx.doi.org/10.1016/j.physa.2018.05.088 |
| Keywords | Firm size; Power-law; Central and Eastern Europe; Market structure; NACE |
| Description | We test firm-size distributions in 10 emerging economies in Europe, using data on total assets of 1 884 006 firms. On the economy level, power-law firm size distribution is plausible for 8 countries with scaling parameter . At the industry level, power-law firm size distribution is not rejected for 53% of all cases. However, an alternative log-normal distribution that might follow from Gibrat’s law also appears to be likely as at the economy level it was not ruled out for 9 countries and 74% of industry-level cases. |