Listar por tema "C16"

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    • closedAccess   Gibrat's Law Redux: think profitability instead of growth 

      Mundt, Philipp; Alfarano, Simone; Milakovic, Mishael Oxford University Press (OUP) (2015)
      We argue that firm profitability can be conveniently characterized by one and the same diffusion process for all firms, akin to Gibrat’s seminal idea of a common stochastic description for the dynamics of firm growth. Here ...

    • openAccess   Idiosyncratic Volatility Shocks and Aggregate Fluctuations: An Appraisal of the Spanish Case 

      Blanco Arroyo, Omar Universitat Jaume I (2016-06-14)
      The aim of this work is to find empirical evidence, in case it exists, about the granularity of the Spanish economy. The Granular Hypothesis (Gabaix 2011) has been tested for Spain between the years 1990 and 2014. For ...

    • openAccess   Weighted convergence and regional clusters across China 

      Herrerías Talamantes, María Jesús; Orts, Vicente; Tortosa-Ausina, Emili Wiley-Blackwell (2011)
      We analyse per capita GDP convergence among 28 Chinese provinces between 1952 and 2005 using the distribution dynamics approach. Compared with previous studies, we provide a more complete view by including some additional ...