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Innovation and Corporate Dynamics: A Theoretical Framework

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Figure

Figure 1: The size-variance relationship as a function of Vη > 0 in GPGM withfirm entry
Figure 2: The size–mean growth rate relationship as a function of the numberof units per firm K and firm size S in the GPGM with firm entry and a finitetime of evolution
Figure 3: The scaling relationship between Kmand not 1fails whendistribution. In this simulation, the scaling parameter and σ2(g|K).The 1/K scaling Vη is relatively small or when small firms make up a large share of the α turns out to be α = 0.27/2
Table 1: Fixed effects panel regression of the relationship between the averagegrowth of firm units, the number of units and firm age, marginal effects.
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