The Validity Of Gibrats Law: Evidence From Manufacturing Industry In Iran: 1995-98

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Mohammad Ali Feizpour
Vahid Mahmoudi
Ebrahim Soltani



Using transition matrices, in this paper we have shown that Gibrat’s Law is rejected for manufacturing plants in Iran over the period 1995-98. We find that size is an important variable in the study of plant growth for manufacturing industries in Iran.


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