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

  • Henrekson, Magnus


    (Research Institute of Industrial Economics (IFN))

  • Johansson, Dan



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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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: Published in Small Business Economics, 2010, pages 227-244.
Handle: RePEc:hhs:iuiwop:0733
Contact details of provider: Postal: Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden
Phone: +46 8 665 4500
Fax: +46 8 665 4599
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