High-Growth Firm Shares in Austrian Regions: The Role of Economic Structures
WIFO Working Papers, No. 595, 2020
Posted: 8 Apr 2020
Date Written: March 12, 2020
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
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