Bisztray, Márta; De Nicola, Francesca; Muraközy, Balázs - 2020
This paper investigates the contribution of high-growth firms (HGFs) to aggregate productivity growth. Four stylized … facts emerge. First, HGFs mainly contribute to productivity growth during their high-growth phase but not afterwards. Second … productivity depends on how HGFs are defined. Output-based HGFs substantially outperform employment-based ones in terms of their …