Logo
Munich Personal RePEc Archive

Gibrat’s law, Zipf’s law and Cointegration

Lalanne, Aurélie and Zumpe, Martin (2015): Gibrat’s law, Zipf’s law and Cointegration.

[thumbnail of MPRA_paper_67992.pdf]
Preview
PDF
MPRA_paper_67992.pdf

Download (95kB) | Preview

Abstract

This paper examines the methods to detect the nature of the urban growth processes. It seems that cointegration testing enables to disentangle two versions of Gibrat’s law: a first one with growth shocks that are iid across time and cities (implying convergence of the city-size distribution towards Zipf’s law), and an alternative one with growth shocks that are only iid over time (implying conservation of the initial structure of the city size distribution).

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.