Panel tests of Gibrat’s Law for Japanese manufacturing

The properties of the standard cross sectional test of the Law of Proportionate Effect (LPE) are compared with those of three alternative panel unit root tests, using Monte Carlo methods. The cross sectional procedure produces biased parameter estimates and the test suffers from a loss of power if t...

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Veröffentlicht in:	International journal of industrial organization 2002-03, Vol.20 (3), p.415-433
Hauptverfasser:	Goddard, John, Wilson, John, Blandon, Peter
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic models Empirical research Enterprises Estimating techniques Gibrat’s Law Industrial organization Japan Manufacturing Mathematical methods Mathematical models Monte Carlo simulation Organization theory Panel Studies Unit root
Online-Zugang:	Volltext
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