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High-growth Firm Shares in Austrian Regions: The Role of Economic Structures

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  • Klaus S. Friesenbichler
  • Werner Hölzl

Abstract

This paper explores the structural determinants of high-growth firm shares in Austrian regions. The regional level of analysis allows to uncover regularities which are not detectable in firm-level studies. We find that lower mobility barriers, firm exits and technological opportunities, measured by digitalisation intensities, and, to a lesser extent, agglomeration effects are associated with a larger share of high-growth firms. The results suggest that comparisons of shares of high-growth firms across countries and regions should consider differences in the industrial structures together with the often-emphasised differences in policies and regulations.

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  • Klaus S. Friesenbichler & Werner Hölzl, 2020. "High-growth Firm Shares in Austrian Regions: The Role of Economic Structures," WIFO Working Papers 595, WIFO.
    • Handle: RePEc:wfo:wpaper:y:2020:i:595
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    Cited by:

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    2. Coad, Alex & Srhoj, Stjepan, 2023. "Entrepreneurial ecosystems and regional persistence of high growth firms: A ‘broken clock’ critique," Research Policy, Elsevier, vol. 52(6).
    3. Alex Coad, 2022. "Lumps, Bumps and Jumps in the Firm Growth Process," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 18(4), pages 212-267, April.
    4. Birgit Meyer & Klaus Friesenbichler & Mario Hirz, 2021. "Dekarbonisierung als ein Treiber des Wandels der österreichischen Kfz-Zulieferindustrie," WIFO Monatsberichte (monthly reports), WIFO, vol. 94(11), pages 829-839, November.
    5. Olena Khlystova & Yelena Kalyuzhnova, 2023. "The impact of the creative industries and digitalization on regional resilience and productive entrepreneurship," The Journal of Technology Transfer, Springer, vol. 48(5), pages 1654-1695, October.
    6. Michael Klien, 2024. "Hohe Wohnkosten als Belastung für den Wirtschaftsstandort Salzburg," WIFO Studies, WIFO, number 71319, February.
    7. Raysa Geaquinto Rocha & João J. Ferreira, 2022. "Gazelles (High-Growth) Companies: a Bibliometric Science Map of the Field," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 2911-2934, December.
    8. Agnes Kügler & Klaus Friesenbichler & Cornelius Hirsch, 2024. "Labour Market Effects of Trade in a Small Open Economy," REGION, European Regional Science Association, vol. 11, pages 1-26.
    9. Klaus Friesenbichler & Agnes Kügler & Julia Schieber-Knöbl, 2022. "Unternehmensproduktivität über Sektoren in Österreich. Erste Evidenz von Mikrodaten," WIFO Research Briefs 21, WIFO.
    10. Friesenbichler, Klaus S. & Hoelzl, Werner, 2022. "Firm-growth and Functional Strategic Domains: Exploratory evidence for differences between frontier and catching-up economies," Journal of Economics and Business, Elsevier, vol. 119(C).

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    Keywords

    high growth firms; industrial structure; ICT; Austria; variety; NUTS-3;
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