The Exponential Age Distribution and the Pareto Firm Size Distribution

被引:24
|
作者
Coad, Alex [1 ]
机构
[1] Max Planck Inst Econ, Evolutionary Econ Grp, Kahlaische Str 10, D-07745 Jena, Germany
来源
关键词
firm size distribution; age distribution; firm growth; Gibrat's law; Pareto distribution; Zipf Law;
D O I
10.1007/s10842-010-0071-4
中图分类号
F [经济];
学科分类号
02 ;
摘要
Recent work drawing on data for large and small firms has shown a Pareto distribution of firm size. We begin by showing that the firm age distribution is well approximated by an exponential distribution. We then mix a Gibrat-type growth process among incumbents with an exponential distribution of firm's age, to obtain the empirically-observed Pareto distribution.
引用
收藏
页码:389 / 395
页数:7
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