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

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LYÓCSA Štefan VÝROST Tomáš

Rok publikování 2018
Druh Článek v odborném periodiku
Časopis / Zdroj Physica A: Statistical Mechanics and its Applications
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
www https://www.sciencedirect.com/science/article/pii/S0378437118306381
Doi http://dx.doi.org/10.1016/j.physa.2018.05.088
Klíčová slova Firm size; Power-law; Central and Eastern Europe; Market structure; NACE
Popis 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.