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

18 Pages Posted: 2 Oct 2013

See all articles by Magnus Henrekson

Magnus Henrekson

Research Institute of Industrial Economics (IFN)

Dan Johansson

Örebro University School of Business

Multiple version iconThere are 2 versions of this paper

Date Written: 2010

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 exist in all industries. They seem not to be overrepresented in high-technology industries, but there is some evidence that they are overrepresented in services.

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

JEL Classification: D21, L25, L26, M13 O10, O40

Suggested Citation

Henrekson, Magnus and Johansson, Dan, Gazelles as Job Creators: A Survey and Interpretation of the Evidence (2010). Small Business Economics, Vol. 35, No. 2, 2010. Available at SSRN: https://ssrn.com/abstract=2333566

Magnus Henrekson

Research Institute of Industrial Economics (IFN) ( email )

P.O. Box 55665
Grevgatan 34
Stockholm, SE-10215
Sweden
+46-8-6654502 (Phone)
+46-8-6654599 (Fax)

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

Dan Johansson (Contact Author)

Örebro University School of Business ( email )

School of Business
Örebro, SE-70182
Sweden

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