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

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 seem to be overrepresented in services.

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Paper provided by The Ratio Institute in its series Ratio Working Papers with number 117.

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Length: 35 pages
Date of creation: 07 Feb 2008
Date of revision:
Publication status: Published as Henrekson, Magnus and Dan Johansson, 'Gazelles as Job Creators – A Survey and Interpretation of the Evidence' in Small Business Economics, 2010, pages 227-244.
Handle: RePEc:hhs:ratioi:0117
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