Scaling invariant distributions of firms’ exit in OECD countries
✍ Scribed by Corrado Di Guilmi; Mauro Gallegati; Paul Ormerod
- Publisher
- Elsevier Science
- Year
- 2004
- Tongue
- English
- Weight
- 186 KB
- Volume
- 334
- Category
- Article
- ISSN
- 0378-4371
No coin nor oath required. For personal study only.
✦ Synopsis
Self-similar models are largely used to describe the extinction rate of biological species. In this paper we analyse the extinction rate of ÿrms in eight OECD countries. Firms are classiÿed by industrial sectors and sizes. We ÿnd that while a power-law distribution with exponent close to 2 ÿts the extinction rate very well by sector, a Weibull distribution is more appropriate if one analyses the ÿrms' size.
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