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Specialization, Transaction Efficiency, and Firm Size: Empirical Evidence
Author(s) -
Lam KitChun,
Liu PakWai
Publication year - 2004
Publication title -
review of development economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.531
H-Index - 50
eISSN - 1467-9361
pISSN - 1363-6669
DOI - 10.1111/j.1467-9361.2004.00242.x
Subject(s) - economics , empirical evidence , transaction cost , per capita income , per capita , database transaction , empirical research , econometrics , microeconomics , statistics , mathematics , sociology , population , philosophy , demography , epistemology , computer science , programming language
The paper provides some empirical evidence for the relationship between average firm size and the relative transaction efficiency and per capita income as hypothesized by Liu and Yang in Journal of Economic Behavior and Organization 42(2) (2000):145–65. The empirical data of 11 industries in Hong Kong from 1982 to 1999 are found to be broadly consistent with the predictions of Liu and Yang.