Temat: Firm growth - Katalog OPAC zbiorów

Skocz do pozycji: 1.

Tytuł:: Innovation and Corporate Dynamics: A Theoretical Framework
Autorzy:: Growiec, Jakub
Pammolli, Fabio
Riccaboni, Massimo
Powiązania:: https://bibliotekanauki.pl/articles/2075661.pdf
Data publikacji:: 2020
Wydawca:: Polska Akademia Nauk. Czytelnia Czasopism PAN
Tematy:: business firm size
firm growth distribution
innovation
size-growth relationship
Pareto distribution
Opis:: We provide a detailed analysis of a unifying theoretical framework for 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. Our unifying stochastic framework can also be used to describe corporate dynamics in different industries and as a benchmark for discriminating among alternative data generating processes.
Źródło:: Central European Journal of Economic Modelling and Econometrics; 2020, 1; 1-45
2080-0886
2080-119X
Pojawia się w:: Central European Journal of Economic Modelling and Econometrics
Dostawca treści:: Biblioteka Nauki

Artykuł

Skocz do pozycji: 2.

Tytuł:: Innovation and Endogenous Growth over the Business Cycle with Frictional Labor Markets
Autorzy:: Bielecki, Marcin
Powiązania:: https://bibliotekanauki.pl/articles/2119879.pdf
Data publikacji:: 2022
Wydawca:: Polska Akademia Nauk. Czytelnia Czasopism PAN
Tematy:: business cycles
firm dynamics
search and matching
innovation
endogenous growth
Opis:: This paper proposes a microfounded model featuring frictional labor markets that generates procyclical R&D expenditures as a result of optimizing behavior by heterogeneous monopolistically competitive firms. This allows to show that business cycle fluctuations affect the aggregate endogenous growth rate of the economy. Consequently, transitory shocks leave lasting level effects. This mechanism is responsible for economically significant hysteresis effects that significantly increase the welfare cost of business cycles relative to the exogenous growth model. I show that this has serious policy implications and creates ample space for policy intervention. I find that several static and countercyclical subsidy schemes are welfare improving. Importantly, I find that due to labor market frictions subsidizing incumbent firms generates large and positive welfare effects.
Źródło:: Central European Journal of Economic Modelling and Econometrics; 2022, 3; 263-302
2080-0886
2080-119X
Pojawia się w:: Central European Journal of Economic Modelling and Econometrics
Dostawca treści:: Biblioteka Nauki

Artykuł

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