MARC Record from Scriblio

LEADER: 02132cam 22003257a 4500
001 2005617846
003 DLC
005 20050505143204.0
007 cr |||||||||||
008 050505s2005 mau sb 000 0 eng
010 $a 2005617846
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aRossi-Hansberg, Esteban.
245 10 $aFirm size dynamics in the aggregate economy$h[electronic resource] /$cEsteban Rossi-Hansberg, Mark L.J. Wright.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2005.
490 1 $aNBER working paper series ;$vworking paper 11261
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 5/5/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Why do firm growth and exit rates decline with size? What determines the size distribution of firms? This paper presents a theory of firm dynamics that simultaneously rationalizes the basic facts on firm growth, exit, and size distributions. The theory emphasizes the accumulation of industry specific human capital in response to industry specific productivity shocks. The theory implies that firm growth and exit rates should decline faster with size, and the size distribution should have thinner tails, in sectors that use human capital less intensively, or correspondingly, physical capital more intensively. In line with the theory, we document substantial sectoral heterogeneity in US firm dynamics and firm size distributions, which is well explained by variation in physical capital intensities"--National Bureau of Economic Research web site.
650 0 $aBusiness enterprises$xSize$xMathematical models.
650 0 $aCorporations$xGrowth$xMathematical models.
650 0 $aBusiness failures x Mathematical models.
700 1 $aWright, Mark L. J.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 11261.
856 40 $uhttp://papers.nber.org/papers/W11261