Scaling Invariant Distributions of Firms' Exits in OECD Countries

Elsevier Science BV
Publication Type:
Journal Article
Physica A: Statistical Mechanics and its Applications, 2004, 334 (1-2), pp. 267 - 273
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Self-similar models are largely used to describe the extinction rate of biological species. In this paper we analyse the extinction rate of firms in eight OECD countries. Firms are classified by industrial sectors and sizes. We find that while a power-law distribution with exponent close to 2 fits the extinction rate very well by sector, a Weibull distribution is more appropriate if one analyses the firms size.
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