規模の収穫：企業レベルの公的データから得られた新たなエビデンス

2024年7月公表のドイツ連邦銀行ディスカッションペーパー。原題は「Returns to Scale: New Evidence from Administrative Firm-Level Data」で、著者はPeter McAdam, Philipp Meinen, Chris Papageorgiou and Patrick Schulte。以下はその要旨。Using a new administrative dataset, we provide fresh micro-level evidence on firms’ returns to scale (RTS). We employ a new administrative database, iBACH, which contains extensive high-quality annual balance sheet, financial, and demographic information on more than two million non-financial manufacturing, trade and service corporations for five European countries over 2008-2018. Whereas on average, we find secto

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