Gazelles, Industry Growth and Structural Change
AbstractThis paper examines to what extent gazelles are the drivers of the growth of industries and structural change. To this purpose we analyze gazelles over a 12 year period (annually from 1997 until 2008) in the Netherlands, and relate them to the dynamics in employment per industry. We use a panel vector autoregressive (PVAR) model to explore the relations between the presence of gazelles and industry (employment) growth (with 43 two digit industries). An increase in the presence of gazelles in an industry appears to have a positive effect on the subsequent growth of the industry. We do not find evidence foran inverse causal relation: there are no long run positive effects of increases in industry growth on the presence of gazelles. There is also no relation between the over-representation of gazelles and subsequent industry growth.
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Bibliographic InfoPaper provided by Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization in its series Research Memoranda with number 018.
Date of creation: 2011
Date of revision:
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Web page: http://www.maastrichtuniversity.nl/web/UMPublications.htm
industrial organization ;
Other versions of this item:
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Longitudinal Data; Spatial Time Series
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J60 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-16 (All new papers)
- NEP-CSE-2011-04-16 (Economics of Strategic Management)
- NEP-ENT-2011-04-16 (Entrepreneurship)
- NEP-FDG-2011-04-16 (Financial Development & Growth)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Erik Stam & Ron Martin, 2012. "When High Tech ceases to be High Growth: The Loss of Dynamism of the Cambridgeshire Region," Working Papers 12-10, Utrecht School of Economics.
- Frank G. van Oort & Erik Stam, 2005.
"Agglomeration economies and entrepreneurship: testing for spatial externalities in the Dutch ICT industry,"
Papers in Evolutionary Economic Geography (PEEG)
0508, Utrecht University, Section of Economic Geography, revised Mar 2005.
- Erik Stam & Frank G. van Oort, . "Agglomeration economies and entrepreneurship: testing for spatial externalities in the Dutch ICT industry," Papers on Entrepreneurship, Growth and Public Policy 2005-09, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
- Naudé, Wim & Szirmai, Adam, 2012. "The importance of manufacturing in economic development: Past, present and future perspectives," UNU-MERIT Working Paper Series 041, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology.
- Michael Fritsch, 2012. "Methods of analyzing the relationship between new business formation and regional development," Jena Economic Research Papers 2012-064, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
- Coad, Alex & Daunfeldt, Sven-Olov & Johansson, Dan & Wennberg, Karl, 2011. "Who do High-growth Firms Employ, and Who do they Hire?," Ratio Working Papers 169, The Ratio Institute.
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