Working Paper No. 733

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

Published: February 8, 2008, revised October 12, December 8, 2008 and January 22, 2009Pages: 28Keywords: Entrepreneurship; Firm Growth; Flyers; Gazelles; High-growth Firms; Job Creation; Rapidly Growing FirmsJEL-codes: D21; L25; M13; O10; O40

Gazelles as Job Creators – A Survey and Interpretation of the Evidence Magnus Henrekson and Dan Johansson

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 also seem to be overrepresented in services.


Magnus Henrekson


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Sick of Inequality?

An Introduction to the Relationship between Inequality and Health

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In this book Andreas Bergh, Therese Nilsson, IFN and Lund University, and Daniel Waldenström, IFN and Paris School of Economics, France, review the latest research on the relationship between inequality and health. What does inequality mean for our health? Does increasing income inequality affect outcomes such as obesity, life expectancy and subjective well-being?


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