This paper studies the distribution of firm size for Colombian economy showing evidence against Gibrat’s law, which assumes a stable lognormal distribution. On contrary, we propose expansion that captures deviations from with additional terms allow better fit at upper tail, is overestimated according to As consequence, concentration indexes should be addressed consistently expansion. Through dy...

This paper studies the influence of bank market concentration, regulation, and institutions on the real effects of 68 systemic banking crises in 54 countries over the 1980-2000 period. We find that less stringent restrictions on non-traditional bank activities and on the mixing of banking and commerce have a negative effect on economic growth during normal periods but mitigate the negative effe...