A Theoretical Framework

  • Fabrizio Traù


Before approaching the analysis of the structural change of firms’ size pattern in an empirical perspective, we still need to give the whole concern a firmer theoretical grounding. So far, we have simply analysed the fact that — in the face of the observed changes in “institutional” (macroeconomic) conditions — firms have been, ceteris paribus, induced to search for changes in the organization of productive activities, sub specie of a reduction — in relative terms — of internal transactions, and an expansion of market exchanges.


Small Firm Vertical Integration Market Uncertainty Internal Transaction Independent Firm 
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Copyright information

© Fabrizio Traù 2003

Authors and Affiliations

  • Fabrizio Traù
    • 1
    • 2
  1. 1.Research Department of the Confederation of Italian IndustriesRomeItaly
  2. 2.Research Associate at the ECRC Centre for Business ResearchUniversity of CambridgeUK

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