The economic contribution of high-growth firms: Do definitions matter?

Sven-Olov Daunfeldt, Niklas Elert () and Dan Johansson

No 35, HUI Working Papers from HUI Research

Abstract: 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.

Keywords: Gazelles; Firm growth; High-impact firms (search for similar items in EconPapers)
JEL-codes: D24 L25 L26 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2010-01-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

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Related works:
Working Paper: The Economic Contribution of High-Growth Firms: Do Definitions Matter? (2010)
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