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Gazelles as Job Creators – A Survey and Interpretation of the Evidence

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Author Info
Henrekson, Magnus () (Research Institute of Industrial Economics (IFN))
Johansson, Dan () (Ratio)

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Abstract

It is often claimed that small and young firms account for a disproportionately large share of net employment growth. We conduct a meta analysis of the empirical evidence regarding whether net employment growth rather is generated by a few rapidly growing firms – so-called Gazelles – that are not necessarily small and young. Gazelles are found to be outstanding job creators. They create all or a large share of new net jobs. On average, Gazelles are younger and smaller than other firms, but it is young age more than small size that is associated with rapid growth. Gazelles also seem to be overrepresented in services.

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Publisher Info
Paper provided by Research Institute of Industrial Economics in its series Working Paper Series with number 733.

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Length: 25 pages
Date of creation: 08 Feb 2008
Date of revision:
Publication status: Forthcoming in Small Business Economics.
Handle: RePEc:hhs:iuiwop:0733

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Postal: Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden
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Related research
Keywords: Entrepreneurship; Firm Growth; Flyers; Gazelles; High-growth Firms; Job Creation; Rapidly Growing Firms;

Other versions of this item:

Find related papers by JEL classification:
D21 - Microeconomics - - Production and Organizations - - - Firm Behavior
L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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References listed on IDEAS
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.:
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    Other versions:
  6. Davidsson, Per & Henrekson, Magnus, 2002. " Determinants of the Prevalence of Start-Ups and High-Growth Firms," Small Business Economics, Springer, vol. 19(2), pages 81-104, September. [Downloadable!] (restricted)
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Cited by:
(explanations, 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.)

  1. Gerrit de Wit & Niek Timmermans, 2008. "High-Growth SMEs: Evidence from the Netherlands," Scales Research Reports H200818, EIM Business and Policy Research. [Downloadable!]
  2. Matthias Deschryvere, 2008. "High Growth Firms and Job Creation in Finland," Discussion Papers 1144, The Research Institute of the Finnish Economy. [Downloadable!]
  3. Andersson, Martin & Noseleit, Florian, 2008. "Start-Ups and Employment Growth - Evidence from Sweden," Working Paper Series in Economics and Institutions of Innovation 155, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies. [Downloadable!]
    Other versions:
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