Ratio Working Papers
No 117:
Gazelles as Job Creators – A Survey and Interpretation of the Evidence
Magnus Henrekson ()
and Dan Johansson ()
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 seem to be overrepresented in services.
Keywords: Firm growth; Flyers; Gazelles; High-growth firms; Rapidly growing firms; (follow links to similar papers)
JEL-Codes: D21; L25; M13; O10; O40; (follow links to similar papers)
35 pages, February 7, 2008
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- This paper is published as:
-
Henrekson, Magnus and Dan Johansson, (2010), 'Gazelles as Job Creators – A Survey and Interpretation of the Evidence', Small Business Economics, Vol. 35, No. 2, pages 227-244
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