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

Magnus Henrekson () and Dan Johansson ()

No 117, Ratio Working Papers from The Ratio Institute

Abstract: 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.

Keywords: Firm growth; Flyers; Gazelles; High-growth firms; Rapidly growing firms (search for similar items in EconPapers)
JEL-codes: D21 L25 M13 O10 O40 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent
Date: 2008-02-07
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Forthcoming in Small Business Economics.

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Working Paper: Gazelles as Job Creators – A Survey and Interpretation of the Evidence (2008)
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Persistent link: http://EconPapers.repec.org/RePEc:hhs:ratioi:0117

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