This study analyses properties of fast growing small and medium sized firms, known as gazelles. Using balance sheet information for the 2000-2008 period, we show that a small fraction of companies is responsible for a large share of new jobs created in the business sector. For instance, the top...

This study analyses properties of fast growing small and medium sized firms, known as gazelles. Using balance sheet information for the 2000-2008 period, we show that a small fraction of companies is responsible for a large share of new jobs created in the business sector. For instance, the top...

In this paper we investigate the relationship between productivity growth and firm dynamics using firm-level data between 1992 and 2006. Theories emphasising firm-level heterogeneity show that industry-level productivity may not only increase as a consequence of increasing within-firm...

Az új EU tagállamok gazdasági folyamatainak szembeötlõ jellegzetessége az egy fõre jutó GDP-ben mutatkozó felzárkózásuk, illetve az ezzel kapcsolatos árszínvonalbeli konvergencia. Amennyiben ez a jövõben is folytatódni fog, akkor az inflációra és árfolyamra vonatkozó...

In this paper we investigate the relationship between productivity growth and firm dynamics using firm-level data between 1992 and 2006. Theories emphasising firm-level heterogeneity show that industry-level productivity may not only increase as a consequence of increasing within-firm...