Data Management Investigate

Stylized Facts And Other Empirical Evidence On Firm Dynamics, Business Cycle And Growth

Download now Free registration required

Executive Summary

In this paper, the authors bring together in a systematised fashion the scattered empirical evidence relating firm dynamics and both short-run and long-run macroeconomic dynamics. There are numerous studies that focus on firm-level data while controlling for macroeconomic conditions, which cover a considerable range of variables, industries and countries. From these studies it has emerged what is by now a rather robust set of empirical regularities, or stylized facts, about entry, exit, growth and the size distribution of firms.

  • Format: PDF
  • Size: 395 KB