High-Growth Firm Shares in Austrian Regions: The Role of Economic Structures

WIFO Working Papers, No. 595, 2020

Posted: 8 Apr 2020

See all articles by Klaus Friesenbichler

Klaus Friesenbichler

Austrian Institute of Economic Research

Werner Hölzl

Austrian Institute of Economic Research (WIFO)

Date Written: March 12, 2020

Abstract

This paper explores the structural determinants of high-growth firm shares in Austrian regions. The regional level of analysis allows to uncover regularities which are not detectable in firm-level studies. We find that lower mobility barriers, firm exits and technological opportunities, measured by digitalisation intensities, and, to a lesser extent, agglomeration effects are associated with a larger share of high-growth firms. The results suggest that comparisons of shares of high-growth firm across countries and regions should consider differences in the industrial structures together with the often-emphasised differences in policies and regulations.

Keywords: High Growth Firms, Industrial Structure, ICT, Austria, Variety, NUTS-3

JEL Classification: D22, L25, R11

Suggested Citation

Friesenbichler, Klaus and Hölzl, Werner, High-Growth Firm Shares in Austrian Regions: The Role of Economic Structures (March 12, 2020). WIFO Working Papers, No. 595, 2020, Available at SSRN: https://ssrn.com/abstract=3553719

Klaus Friesenbichler (Contact Author)

Austrian Institute of Economic Research ( email )

P.O. Box 91
Wien, A-1103
Austria

Werner Hölzl

Austrian Institute of Economic Research (WIFO)

P.O. Box 91
Wien, A-1103
Austria

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