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Drivers of growth in tunisia: Young firms vs incumbents

  • Hassan Arouri
  • , Adel Ben Youssef
  • , Francesco Quatraro
  • , Marco Vivarelli

Research output: Working paper / PreprintWorking paper

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Abstract

The aim of this paper is to investigate the growth dynamics of young small firms (in contrast with larger and older incumbents) in a developing country context, using a unique and comprehensive dataset of non-agricultural Tunisian companies. Our results suggest that significant differences between young and mature firms can be found as far as the drivers of their growth are concerned. The key finding being that - while consistently with the extant literature Gibrat's law is overall rejected - the negative impact of the initial size is significantly larger for young than mature firms. This result has
Original languageEnglish
Place of PublicationMaastricht
PublisherUNU-MERIT
Publication statusPublished - 6 Apr 2018

Publication series

SeriesUNU-MERIT Working Papers
Number019
ISSN1871-9872

JEL classifications

  • l26 - Entrepreneurship
  • o12 - Microeconomic Analyses of Economic Development

Keywords

  • firm's growth
  • young firms
  • Gibrat's law
  • Tunisia

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