Intra-Industry Growth Dynamics in the Greek Services Sector: Firm-Level Estimates for ICT-Producing,ICT-Using,and Non-ICT Industries |
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Authors: | Ioannis Giotopoulos Georgios Fotopoulos |
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Institution: | (1) Rovira i Virgili University, Tarragona, Spain |
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Abstract: | The stochastic patterns of firm growth are examined with the use of a data set of 4,975 firms surviving in the Greek services
sector over the 1995–2001 period. The analysis first takes into account the intensity of information and communication technologies
(ICT) in the services industries and then, through a system dynamic panel data technique, investigates how initial size and
past growth influence firm growth. The classification of industries as three ICT-related groups provides interesting results
at both the aggregated group level and the disaggregated industrial level. In general, Gibrat’s Law is accepted for firms
in ICT intensive industries, while it is rejected in non-ICT industries. |
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Keywords: | |
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