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Showing 1 to 4 of 4 for “"Gibrat’s Law"”.
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Firm Size, Age and Growth in South Africa
… to mid-2000s. The foundation of this study is Gibrat’s Law of Proportionate Effect (Gibrat, 1931), which states that a firm’s proportional growth rate is independent of its absolute size at the start of a given period. It is assumed that firm growth follows a random walk and, therefore, should …
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The growth implications of Agglomeration in South Africa, 1996-2010
… in South Africa is static or evolving. Testing Gibrat’s Law to determine this, results suggest growth patterns in South Africa have been divergent over the period 1996-2010. The share of population, employment and GVA in the largest municipalities has been increasing relative to the shares in …
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Inequality, Redistribution and Mobility of Agricultural Incomes in Scotland
… process will indirectly examine the validity of Gibrat’s law in Scottish agriculture. Furthermore, the determinants of vertical mobility will be investigated in order to analyse the impact of structural change and transitory shocks. The second focus of the dynamic analysis is to investigate …
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Regional Socio-Economic Transformation in Brazil
The regional income disparities in Brazil are well-known. Since the 1930s, such income disparities have declined only slightly. This thesis combines traditional economic theory with insights from regional science and economic geography to explain the development pattern in Brazil throughout the …