We use supervisory loan-level data to document that small firms (SMEs) obtain shorter
maturity credit lines than large firms, post more collateral, have higher utilization rates, and …

We provide a survey of the main mechanisms of market selection used in economics. We
categorize existing theories into three broad classes—evolutionary selection, reduced form …

Using a large panel of firm-level data from eight emerging African countries, we show that
firms' fixed investment expenditures are more sensitive to external funds, particularly debt …

Firm growth is an essential feature of market economies, shaping together macroeconomic
performance and the evolution of industry structures. As a potential indicator of …

As the land use issue, caused by urban shrinkage in China, is becoming more and more
prominent, research on urban shrinkage and expansion has become particularly …

This article presents an Agent-Based Model (ABM) that seeks to explain the concordance of
sluggish growth of productivity and of real wages found in macroeconomic statistics, and the …

The automotive industry dominates the economy of the west part of Romania, making
necessary the identification of firm growth drivers. Accordingly, the purpose of this paper is to …

Our study aims at investigating the relationship between investment spikes and subsequent
productivity development at the firm level. We propose a novel identification scheme for the …

We propose an aggregate growth index that explicitly accounts for fat tails in the firm size
distribution and for the negative scaling relation between the size of the firm and the volatility …

Recent empirical studies have shown that firm growth rate distribution is not Gaussian but
closely follows a Laplace distribution. This robust feature of the growth rate distribution …