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Gibrat, Galton and job generation

Hart, Peter E. and Oulton, Nicholas (1999) Gibrat, Galton and job generation. International Journal of the Economics of Business, 6 (2). pp. 149-164. ISSN 1357-1516

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Identification Number: 10.1080/13571519984197

Abstract

The proportionate growth of a company decreases with increases in its initial size, in accordance with the Galton model of regression towards the mean. Gibrat's Law of proportionate effect does not hold within size classes or within industries. In job generation accounting, actual increases in employment are even more important than proportionate ones. In the UK small and medium sized companies had larger absolute and proportionate increases in employment than did large companies and were responsible for most of the increase in jobs 1989-93. In fact large companies tended to reduce the numbers they employed.

Item Type: Article
Official URL: https://www.tandfonline.com/toc/cijb20/current
Additional Information: © 1999 Informa UK
Divisions: Economics
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
Date Deposited: 03 Nov 2020 20:54
Last Modified: 20 Feb 2021 06:36
URI: http://eprints.lse.ac.uk/id/eprint/107123

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