, there has been little empirical research on the determinants of startup firm growth. This paper uses panel data techniques … 2001. We find strong evidence that access to external finance (loans) increases the growth of both employment and sales …. Taxes appear to constrain growth. There is some evidence that entrepreneurial skills increase growth, but only weak evidence …

rather little empirical research on the determinants of startup firm growth. This paper uses panel data techniques to analyze … find strong evidence that access to external credit increases the growth of both employment and sales. Taxes appear to … constrain growth. The data suggest that entrepreneurial skills have little independent effect on growth, once demand conditions …