Business Cycle Fluctuations and Firms - Size Distribution Dynamics

DSpace/Manakin Repository

Search OPUS


Advanced Search

Browse

My Account

Show simple item record

dc.contributor.author Delli Gatti, D
dc.contributor.author Di Guilmi, C
dc.contributor.author Gaffeo, E
dc.contributor.author Gallegati, M
dc.contributor.author Giulioni, G
dc.contributor.author Palestrini, A
dc.date.accessioned 2010-05-28T09:42:26Z
dc.date.issued 2004-01
dc.identifier.citation Advances in Complex Systems, 2004, 7 (2), pp. 223 - 240
dc.identifier.issn 0219-5259
dc.identifier.other C1UNSUBMIT en_US
dc.identifier.uri http://hdl.handle.net/10453/8317
dc.description.abstract Power law behavior is an emerging property of many economic models. In this paper we emphasize the fact that power law distributions are persistent but not time invariant. In fact, the scale and shape of the firms' size distribution fluctuate over time. In particular, on a loglog space, both the intercept and the slope of the power law distribution of firms' size change over the cycle: during expansions (recessions) the straight line representing the distribution shifts up and becomes less steep (steeper). We show that the empirical distributions generated by simulations of the model presented in Ref. 11 mimic real empirical distributions remarkably well.
dc.publisher World Scientific
dc.title Business Cycle Fluctuations and Firms - Size Distribution Dynamics
dc.type Journal Article
dc.parent Advances in Complex Systems
dc.journal.volume 2
dc.journal.volume 7
dc.journal.number 2 en_US
dc.publocation USA en_US
dc.identifier.startpage 223 en_US
dc.identifier.endpage 240 en_US
dc.cauo.name University of Technology, Sydney en_US
dc.conference Verified OK en_US
dc.for 0102 Applied Mathematics
dc.personcode 105951
dc.percentage 100 en_US
dc.classification.name Applied Mathematics en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords business cycle Firms' size distribution power law en_US
dc.description.keywords business cycle Firms' size distribution power law
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Business
pubs.organisational-group /University of Technology Sydney/Faculty of Business/Economics
utslib.copyright.status Closed Access
utslib.copyright.date 2015-04-15 12:17:09.805752+10
utslib.collection.history Closed (ID: 3)


Files in this item

This item appears in the following Collection(s)

Show simple item record