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The Economic Contribution of High-Growth Firms: Do Definitions Matter?

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  • Daunfeldt, Sven-Olov

    ()
    (The Ratio Institute and Dalarna University)

  • Elert, Niklas

    ()
    (The Ratio Institute)

  • Johansson, Dan

    ()
    (The Ratio Institute)

Abstract

Prior studies have defined high-growth firms (HGFs) in terms of sales or employment, and analyzed their contribution to employment growth. We define HGFs by employment and sales and add definitions of value added and productivity. We examine the contribution of HGFs to employment growth, economic growth, productivity growth, and sales growth. All HGFs give a disproportionately large positive contribution to economic growth and most also give large positive contributions to growth in employment, productivity and sales. Although HGFs of different definitions are usually not the same firms, young firms are more likely to be HGFs irrespective of definition.

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Bibliographic Info

Paper provided by The Ratio Institute in its series Ratio Working Papers with number 151.

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Length: 20 pages
Date of creation: 10 May 2010
Date of revision:
Handle: RePEc:hhs:ratioi:0151

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Keywords: Gazelles; Firm growth; High-impact firms;

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References

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Citations

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Cited by:
  1. Werner Hölzl, 2011. "Persistence, Survival and Growth: A Closer Look at 20 Years of High-Growth Firms in Austria," WIFO Working Papers 403, WIFO.
  2. Daunfeldt, Sven-Olov & Halvarsson, Daniel, 2012. "Are high-growth firms one-hit wonders? Evidence from Sweden," HUI Working Papers 73, HUI Research.
  3. Choi, Taelim & Robertson, John C. & Rupasingha, Anil, 2013. "High-growth firms in Georgia," Working Paper 2013-20, Federal Reserve Bank of Atlanta.
  4. Segarra Blasco, Agustí & Teruel Carrizosa, Mercedes, 2011. "High Growth Firms and Innovation: an empirical analysis for Spanish firms," Working Papers 2072/179669, Universitat Rovira i Virgili, Department of Economics.
  5. Daunfeldt, Sven-Olov & Lang, Åsa & Macuchova, Zuzana & Rudholm, Niklas, 2011. "Firm Growth in the Retail and Wholesale Trade Sectors – Evidence from Sweden," HUI Working Papers 50, HUI Research.
  6. Anders Bornhäll & Sven-Olov Daunfeldt & Niklas Rudholm, 2013. "Sleeping Gazelles: High profits but no growth," SPRU Working Paper Series 2013-10, SPRU - Science and Technology Policy Research, University of Sussex.

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