On the evolution of the firm size distribution: Facts and theory

被引：426

作者：

Cabral, LMB

Mata, J

机构：

[1] NYU, New York, NY 10012 USA

[2] Univ Nova Lisboa, P-1099038 Lisbon, Portugal

来源：

AMERICAN ECONOMIC REVIEW | 2003年 / 93卷 / 04期

关键词：

D O I：

10.1257/000282803769206205

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using a comprehensive data set of Portuguese manufacturing firms, we show that the firm size distribution is significantly right-skewed, evolving over time toward a lognormal distribution. We also show that selection accounts for very little of this evolution. Instead, we propose a simple theory based on financing constraints. A calibrated version of our model does a good job at explaining the evolution of the firm size distribution.

引用

页码：1075 / 1090

页数：16