Economics, Econometrics and Finance
5 years ago

Study reveals rare long-term growth persistence in US manufacturers

Industrial and Corporate Change
Long-term firm growth: an empirical analysis of US manufacturers 1959–2015
Giovanni Dosi, Marco Grazzi, Daniele Moschella, Gary P. Pisano, Federico Tamagni

Paper Summary

Firm growth is important for economies and industries. This study looked at growth patterns of US manufacturers from 1959 to 2015. They found that some fast-growing firms maintain their growth rates, but this is rare. Growth persistence varies across firms. The study also showed that differences in how firms grow within industries can affect overall industry growth.

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