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If the population of a given country evolves according to Gibrat'�s Law, its growth rate will be independent of its initial size. This short paper further investigates this empirical regularity by the application of a suitable panel unit root test and non-parametric methods. The evidence...
Persistent link: https://www.econbiz.de/10015215733
A re-assessment of Gibrat's Law in the context of country size is carried out in this paper. In addition, how similarly population is distributed in cities and countries is analyzed from a temporal perspective. Although evidence of Gibrat's Law is found, it is weaker than that previously...
Persistent link: https://www.econbiz.de/10015215904
If the population of a given country evolves according to Gibrat'�s Law, its growth rate will be independent of its initial size. This short paper further investigates this empirical regularity by the application of a suitable panel unit root test and non-parametric methods. The evidence...
Persistent link: https://www.econbiz.de/10015265911