Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - The Evolution of the Distribution of Plant Size
T2 - Evidence from Luxembourg
AU - Bertinelli, Luisito
AU - Cardi, Olivier
AU - Strobl, Eric
AU - Pamukçu, Teoman
PY - 2006/12
Y1 - 2006/12
N2 - In a recent paper, [Cabral, L. M. B. and J. Mata, 2003, American Economic Review, 93, 1075–1090] using Portuguese manufacturing data have shown for the first time that the plant size distribution is significantly right-skewed at the early part of the life cycle and then changes to become more log-normal. Using a similar proxy for plant age we compare this stylised fact for both Luxembourg manufacturing and services. Use of plants’ true age, however, reveals that the size distribution reverses back towards right-skewness for very old plants. We confirm the finding that the right-skewness is likely driven by financial constraints.
AB - In a recent paper, [Cabral, L. M. B. and J. Mata, 2003, American Economic Review, 93, 1075–1090] using Portuguese manufacturing data have shown for the first time that the plant size distribution is significantly right-skewed at the early part of the life cycle and then changes to become more log-normal. Using a similar proxy for plant age we compare this stylised fact for both Luxembourg manufacturing and services. Use of plants’ true age, however, reveals that the size distribution reverses back towards right-skewness for very old plants. We confirm the finding that the right-skewness is likely driven by financial constraints.
KW - financial constraints
KW - plant size distribution
U2 - 10.1007/s11187-005-8571-z
DO - 10.1007/s11187-005-8571-z
M3 - Journal article
VL - 27
SP - 301
EP - 311
JO - Small Business Economics
JF - Small Business Economics
SN - 0921-898X
IS - 4
ER -