Innovation and Corporate Dynamics: A Theoretical Framework

• Autorzy: Jakub Growiec , Fabio Pammolli , Massimo Riccaboni
• Języki publikacji: EN

Abstrakty

EN

We provide a detailed analysis of a model of innovation and corporate dynamics that encompasses the Gibrat's Law of Proportionate Effect and the Simon growth process as particular instances. The predictions of the model are derived in terms of (i) firm size distribution, (ii) the distribution of firm growth rates, and (iii-iv) the relationships between firm size and the mean and variance of firm growth rates. We test the model against data from the worldwide pharmaceutical industry and find its predictions to be in good agreement with empirical evidence on all four dimensions. (original abstract)

Słowa kluczowe

EN

Innovations; Pareto distribution; Enterprise size

PL

Innowacje; Rozkład Pareta; Wielkość przedsiębiorstwa

• Czasopismo: Central European Journal of Economic Modelling and Econometrics (CEJEME)
• Rocznik: 2020
• Tom: 12
• Numer: nr 1
• Strony: 1--45

Twórcy

autor

Jakub Growiec

• SGH Warsaw School of Economics

autor

Fabio Pammolli

• Politecnico di Milano, Italy

autor

Massimo Riccaboni

• IMT Institute of Advanced Studies, Lucca, Italy

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Identyfikatory

DOI

10.24425/cejeme.2020.132932