{
  "title": "Firm Size, Life Cycle Dynamics and Growth Constraints: Evidence from Mexico",
  "publication": "IMF Working Papers, May 2, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2019/05/02/firm-size-life-cycle-dynamics-and-growth-constraints-evidence-from-mexico-46819",
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  "summary": "This paper examines the variation in life cycle growth across the universe of Mexican firms. We establish two stylized facts to motivate our analysis: first, we show that firm size matters for development by illustrating a close correlation with state-level per capita incomes.",
  "sections": [
    {
      "heading": "Overview and purpose",
      "content": "- Authors: Christian Saborowski, Florian Misch\n- Date: May 2, 2019\n- Series: IMF Working Paper No. 2019/087, Issue: 087\n- DOI: https://doi.org/10.5089/9781498311137.001\n- Pages: 25\n- ISBN: 9781498311137\n- ISSN: 1018-5941\n- Purpose: Examine variation in life cycle growth across the universe of Mexican firms and identify characteristics associated with sizeable growth."
    },
    {
      "heading": "Stylized facts established",
      "content": "- Firm size matters for development: close correlation between firm size and state-level per capita incomes.\n- Growth shortfall relative to U.S. peers: few Mexican firms grow as much as their U.S. peers while the majority stagnates at less than twice their initial size."
    },
    {
      "heading": "Econometric decomposition and key empirical findings",
      "content": "- Firms with the following characteristics can grow at sizeable rates:\n  - Financial access\n  - Multiple establishments\n  - Formal status (formal firms)\n  - Membership in diversified industries\n  - Location in population centers"
    },
    {
      "heading": "Subject classification and keywords",
      "content": "- Subject: Economic sectors, Labor, Manufacturing\n- Keywords: Distortions, Firm growth, firm size, firm structure, growth rate, Life cycle dynamics, life cycle growth, Manufacturing, North America, preventing firm, service sector firm, WP"
    },
    {
      "heading": "Publication metadata (for reference)",
      "content": "- Publication title: Firm Size, Life Cycle Dynamics and Growth Constraints: Evidence from Mexico\n- Publication type: IMF Working Papers\n\nIMF Working Paper No. 2019/087 (Christian Saborowski and Florian Misch), May 2, 2019. DOI: https://doi.org/10.5089/9781498311137.001\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2019/05/02/firm-size-life-cycle-dynamics-and-growth-constraints-evidence-from-mexico-46819"
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    "Authors: Christian Saborowski, Florian Misch",
    "Published: May 2, 2019",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781498311137.001",
    "Authors: Christian Saborowski, Florian Misch",
    "Date: May 2, 2019",
    "Series: IMF Working Paper No. 2019/087, Issue: 087",
    "DOI: https://doi.org/10.5089/9781498311137.001",
    "Pages: 25",
    "ISBN: 9781498311137",
    "ISSN: 1018-5941",
    "Purpose: Examine variation in life cycle growth across the universe of Mexican firms and identify characteristics associated with sizeable growth.",
    "Firm size matters for development: close correlation between firm size and state-level per capita incomes.",
    "Growth shortfall relative to U.S. peers: few Mexican firms grow as much as their U.S. peers while the majority stagnates at less than twice their initial size.",
    "Firms with the following characteristics can grow at sizeable rates:",
    "Subject: Economic sectors, Labor, Manufacturing",
    "Keywords: Distortions, Firm growth, firm size, firm structure, growth rate, Life cycle dynamics, life cycle growth, Manufacturing, North America, preventing firm, service sector firm, WP",
    "Publication title: Firm Size, Life Cycle Dynamics and Growth Constraints: Evidence from Mexico",
    "Publication type: IMF Working Papers",
    "**Working Paper**"
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