Gibrat's Law for (All) Cities: Reply
2009 ◽
Vol 99
(4)
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pp. 1676-1683
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Keyword(s):
This reply refutes the objection raised by Levy (2009) about the fit of the upper tail of the city size distribution in Eeckhout (2004). I show that the method on which his conclusion is based is unsubstantiated. The visual interpretation of the fit on log-log plots is misleading. In addition, the methodology used to estimate a truncated subsample of the distribution while testing its significance against a distribution with prespecified parameters is ill-founded. The main conclusion is that Gibrat's law holds: city sizes follow proportionate growth, thus giving rise to a lognormal size distribution, tail included. (JEL R11, R12, R23)
2009 ◽
Vol 99
(4)
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pp. 1672-1675
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2017 ◽
Vol 70
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pp. 103-113
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Keyword(s):
Keyword(s):
1985 ◽
Vol 17
(7)
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pp. 905-913
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Keyword(s):
Keyword(s):
2009 ◽
Vol 388
(7)
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pp. 1187-1195
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