Publication details

Scale-free distribution of firm-size distribution in emerging economies

Authors

LYÓCSA Štefan VÝROST Tomáš

Year of publication 2018
Type Article in Periodical
Magazine / Source Physica A: Statistical Mechanics and its Applications
MU Faculty or unit

Faculty of Economics and Administration

Citation
Web https://www.sciencedirect.com/science/article/pii/S0378437118306381
Doi http://dx.doi.org/10.1016/j.physa.2018.05.088
Keywords Firm size; Power-law; Central and Eastern Europe; Market structure; NACE
Description We test firm-size distributions in 10 emerging economies in Europe, using data on total assets of 1 884 006 firms. On the economy level, power-law firm size distribution is plausible for 8 countries with scaling parameter . At the industry level, power-law firm size distribution is not rejected for 53% of all cases. However, an alternative log-normal distribution that might follow from Gibrat’s law also appears to be likely as at the economy level it was not ruled out for 9 countries and 74% of industry-level cases.

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