The patterns of output growth of firms and countries: Scale invariances and scale specificities |
| |
Authors: | Carolina Castaldi Giovanni Dosi |
| |
Affiliation: | (1) Evolutionary Economics Group, Max Planck Institute of Economics, Kahlaische Strasse 10, 07745 Jena, Germany;(2) Austrian Institute of Economic Research (WIFO), P.O. Box 91, 1103 Vienna, Austria |
| |
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. Our contribution to the literature is twofold. 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. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|