Bakucs, Lajos Zoltan; Ferto, Imre - European Association of Agricultural Economists - EAAE - 2009
The paper investigates the validity of Gibrat’s Law in Hungarian agriculture. We use FADN data between 2001 and 2007 and employ quantile regression techniques to test the validity of Gibrat’s Law across quantiles. The Law is strongly rejected for all quantiles, providing strong evidence that...