PL EN


2008 | 55 | 1 | 25-38
Article title

Is Gibrat's law valid for Hungarian agriculture?

Title variants
Languages of publication
HU
Abstracts
EN
The paper examines the validity of Gibrat's law - the Law of Proportionate Effects - to Hungarian agriculture. Using a battery of specifications (OLS, FGLS, WLS, two-step Heckmann selection models, and quintile regression) and four size measures (labour, land, capital and total return), the results strongly reject Gibrat's Law for the full sample. Thus they suggest smaller farms grow faster than large. Chow-type tests reject the null of structural break between the evolution of family and corporate farms, suggesting a common growth path.
Year
Volume
55
Issue
1
Pages
25-38
Physical description
Document type
ARTICLE
Contributors
author
  • Lajos Z. Bakucs, no address given, contact the journal editor
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
10HUAAAA07862
YADDA identifier
bwmeta1.element.9ef8a61e-47c9-320b-8e52-4225cd8f1555
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