Please use this identifier to cite or link to this item: http://hdl.handle.net/10316/11768
Title: Testing Gibrat’s Law: Empirical Evidence from a Panel of Portuguese Manufacturing Firms
Authors: Oliveira, Blandina 
Fortunato, Adelino 
Keywords: Firm growth; Gibrat’s law; Panel data; GMM estimators
Issue Date: 2003
Publisher: FEUC. Grupo de Estudos Monetários e Financeiros
Citation: Estudos do GEMF. 7 (2003)
Abstract: The purpose of this paper is to use Dynamic Panel Data (DPD) models to see if Gibrat’s law holds and to analyse the empirical determinants of firm growth. This paper makes significant contributions to the empirical literature on the dynamics of firm growth, since it updates the work carried out by previous researchers in this field using micro panel data and GMM estimators. To conduct this study we use an unbalanced panel of Portuguese manufacturing firms over the period from 1990 to 1999. The main implication of our findings is that firm growth is not quite random since there are some determinants which exert influence on firm growth.
URI: http://hdl.handle.net/10316/11768
Rights: openAccess
Appears in Collections:FEUC- Vários

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