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We relate innovation to sales growth for incumbent firms in high-tech sectors. A firm, on average, experiences only … the returns to innovation are highly skewed and that growth rates distributions are heavy-tailed, it may be misleading to …, we observe that innovation is of crucial importance for a handful of "superstar" fast-growth firms. We also discuss …
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The Entrepreneurial Ecosystems (EE) approach makes specific predictions regarding how EE inputs are converted into high-growth firms (HGFs) as an output. A simulation model draws out our hypothesis of regional persistence in HGF shares. Based on intuitions that EEs are persistent, we investigate...
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Understanding causal relationships among key economic variables is crucial for policy makers, who wish to e.g. stimulate private R&D growth. To this end, we applied a technique recently imported from the Machine Learning community (Structural Vector Autoregressions (SVARs) identified using...
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Policy-makers and scholars often assume that a higher incidence of high-growth firms (HGFs) is synonymous with vibrant regional economic dynamics, and that HGF shares are persistent over time as Entrepreneurial Ecosystems (EEs) have slowly-changing features. In this paper we test these...
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