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4 décembre 2020
- handle: 10670/1.rhzi1m
- halshs: halshs-03040286
info:eu-repo/semantics/OpenAccess
Mots-clés
Firm demographics age distribution business dynamism L - Industrial Organization/L.L1 - Market Structure, Firm Strategy, and Market Performance/L.L1.L11 - Production, Pricing, and Market Structure • Size Distribution of Firms L - Industrial Organization/L.L2 - Firm Objectives, Organization, and Behavior/L.L2.L22 - Firm Organization and Market Structure M - Business Administration and Business Economics • Marketing • Accounting • Personnel Economics/M.M1 - Business Administration/M.M1.M13 - New Firms • StartupsSujets proches
Businesses Firms Companies Enterprises Business organizations Organizations, BusinessCiter ce document
Flavio Calvino et al., « The age distribution of business firms », HAL-SHS : économie et finance, ID : 10670/1.rhzi1m
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Résumé
We investigate upon the shape and the determinants of the age distribution of business firms. By employing a novel dataset covering the population of French businesses, we highlight that a geometric law provides a reasonable approximation for the age distribution. However, relevant systematic deviations and sectoral heterogeneity appear. We develop a stochastic model of firm dynamics to explain the mechanisms behind this evidence and relate them to business dynamism. Results reveal a long-term decline in entry rates and lower survival probabilities of young firms. Our findings bear important implications for aggregate outcomes, notably employment growth.