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

  • Daunfeldt, Sven-Olov

    ()

    (The Ratio Institute and Dalarna University)

  • Elert, Niklas

    ()

    (The Ratio Institute)

  • Johansson, Dan

    ()

    (The Ratio Institute)

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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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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  16. Littunen, Hannu & Tohmo, Timo, 2003. " The High Growth in New Metal-Based Manufacturing and Business Service Firms in Finland," Small Business Economics, Springer, vol. 21(2), pages 187-200, September.
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