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  • 1
    Electronic Resource
    Electronic Resource
    Theories of Firms' Growth and the Generation of Jobs (2000)
    Springer
    Review of industrial organization 17 (2000), S. 229-248 
    Details
    ISSN: 1573-7160
    Keywords: Age ; firms' ; growth ; jobs ; size
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This paper relates recent empiricalresearch on the growth of U.K. companies to the maineconomic theories of firms' growth and to empiricalresults for the U.S.A. Smaller and younger firms havebeen growing more quickly than larger and older firms, thus generating proportionately more new jobs. Theseresults do not support the various theories of staticand dynamic economies of scale. Serial correlation ofgrowth is very low, so success does not persist. Thesystematic tendency for small and younger firms togrow more quickly is the main reason why firm growthis not entirely stochastic.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1023/A:1007887626165
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