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

26 Pages Posted: 14 Feb 2008 Last revised: 14 Aug 2008

Magnus Henrekson

Research Institute of Industrial Economics (IFN)

Dan Johansson

affiliation not provided to SSRN

Multiple version iconThere are 2 versions of this paper

Date Written: February 12, 2008

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 also seem to be overrepresented in services.

Keywords: Entrepreneurship, Firm growth, Flyers, Gazelles, High-growth firms, Job creation, Rapidly growing firms

JEL Classification: D21, L25, M13, O10, O40

Suggested Citation

Henrekson, Magnus and Johansson, Dan, Gazelles as Job Creators - A Survey and Interpretation of the Evidence (February 12, 2008). IFN Working Paper No. 733. Available at SSRN: https://ssrn.com/abstract=1092938 or http://dx.doi.org/10.2139/ssrn.1092938

Magnus Henrekson (Contact Author)

Research Institute of Industrial Economics (IFN) ( email )

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HOME PAGE: http://www.ifn.se/mh

Dan Johansson

affiliation not provided to SSRN ( email )

No Address Available

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