Are Firm Growth Paths Random? A Reply to 'Firm Growth and the Illusion of Randomness'
7 Pages Posted: 25 Jan 2015
Date Written: November 20, 2014
We respond to Derbyshire and Garnsey's article "Firm Growth and the illusion of randomness", adding theoretical and methological clarifications as well as some new empirical evidence.
Keywords: Firm growth, growth paths, autocorrelation, randomness, Gambler’s Ruin, Gibrat’s Law
JEL Classification: L25
Suggested Citation: Suggested Citation