High-growth firms’ contribution to aggregate productivity growth
نویسندگان
چکیده
Abstract This paper investigates the contribution of high-growth firms (HGFs) to aggregate productivity growth, using Hungarian firm-level data. Three stylized facts emerge. First, output-based HGFs substantially outperform employment-based ones in terms their contribution: on average, sales-based contribute 5 times as much ones. Further, is negative 48-50% industry-years, compared 25-31% for HGFs. Second, tend growth only during phase but not afterwards. Third, HGFs’ higher industries with more effective reallocation and young firms, none these are strong predictors contribution. Finally, we present a simple benchmark model show that patterns arise naturally under realistic correlation structures.
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ژورنال
عنوان ژورنال: Small Business Economics
سال: 2022
ISSN: ['1573-0913', '0921-898X']
DOI: https://doi.org/10.1007/s11187-022-00614-9