González-Val, Rafael and Sanso-Navarro, Marcos (2008): Gibrat’s law for countries.
Download (115kB) | Preview
If the population of a given country evolves according to Gibrat'�s Law, its growth rate will be independent of its initial size. This short paper further investigates this empirical regularity by the application of a suitable panel unit root test and non-parametric methods. The evidence regarding its fulfilment is weaker than that previously found.
|Item Type:||MPRA Paper|
|Original Title:||Gibrat’s law for countries|
|Keywords:||Gibrat�'s Law, Country Size, Non-stationary Panels, Non-parametric Methods|
|Subjects:||F - International Economics > F0 - General > F00 - General
C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C14 - Semiparametric and Nonparametric Methods: General
C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C12 - Hypothesis Testing: General
C - Mathematical and Quantitative Methods > C2 - Single Equation Models; Single Variables > C23 - Models with Panel Data; Longitudinal Data; Spatial Time Series
R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R12 - Size and Spatial Distributions of Regional Economic Activity
|Depositing User:||Rafael González-Val|
|Date Deposited:||26. Jul 2008 03:14|
|Last Modified:||28. Feb 2013 10:11|
Banerjee, A., M. Massimiliano and C. Osbat, 2005. Testing for PPP: should we use panel methods? Empirical Economics, Vol. 30, pp. 77.91.
Choi, I., 2001. Unit root tests for panel data. Journal of International Money and Banking, Vol. 20, pp. 249.272.
Clark, J. S. and J. C. Stabler, 1991. Gibrat’s law and the growth of Canadian cities. Urban Studies, Vol. 28, pp. 635.639.
Dickey, D.A., Fuller, W.A., 1979. Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, Vol. 74, pp. 427.431.
Duranton, G., 2006. Some Foundations for Zipf´s Law: Product Proliferation and Local Spillovers. Regional Science and Urban Economics, Vol. 36, pp. 542-563.
Eeckhout, J., 2004. Gibrat’s Law for (All) Cities. American Economic Review, Vol. 94 (5), pp. 1429-1451.
Gabaix, X., 1999. Zipf’s law for cities: An explanation. Quarterly Journal of Economics, Vol. 114 (3), pp. 739-767.
Gabaix, X. and Y. M. Ioannides, 2004. The evolution of city size distributions. Handbook of Urban and Regional Economics, Vol. 4, J. V. Henderson and J. F. Thisse, eds. Amsterdam: Elsevier Science, North-Holland, pp. 2341-2378.
Härdle, W., 1990. Applied nonparametric regression. Econometric Society Monographs. Cambridge, New York and Melbourne: Cambridge University Press.
Heston, A., R. Summers and B. Aten, 2006. Penn World Table Version 6.2. Center for International Comparisons of Production, Income and Prices. University of Pennsylvania.
Im, K., M. H. Pesaran and Y. Shin, 2003. Testing for unit roots in heterogeneous panels. Journal of Econometrics, Vol. 115, pp. 53.74.
Ioannides, Y. M. and H. G. Overman, 2003. Zipf’s law for cities: an empirical examination. Regional Science and Urban Economics, Vol. 33, pp. 127-137.
Pesaran, M. H., 2004. General Diagnostic Tests for Cross Section Dependence in Panels. Cambridge Working Papers in Economics No. 435, University of Cambridge, and CESifo Working Paper Series No. 1229.
Pesaran, M. H., 2007. A Simple Panel Unit Root Test in the Presence of Cross- Section Dependence. Journal of Applied Econometrics, Vol. 22, pp. 265-312.
Quah, D. T., 1993. Empirical cross-section dynamics in economic growth. European Economic Review, Vol. 37, pp. 426-434.
Rose, A. K., 2006. Cities and countries. Journal of Money, Credit, and Banking, Vol. 38 (8), 2225-2246.
Santarelli, E., L. Klomp and A. R. Thurik, 2006. Gibrat’s Law: An Overview of the Empirical Literature. in E. Santarelli (Ed.), Entrepreneurship, Growth, and Innovation: the Dynamics of Firms and Industries, Springer, New York, pp. 41 73.
Sutton, J., 1997. Gibrat’s Legacy. Journal of Economic Literature. Vol. 35 (1), pp. 40-59.
Available Versions of this Item
- Gibrat’s law for countries. (deposited 26. Jul 2008 03:14) [Currently Displayed]