Policy-makers and scholars often assume that a higher incidence of high-growth firms (HGFs) is synonymous with vibrant regional economic dynamics. We test whether more developed regions, which presumably feature superior entrepreneurial ecosystems (EE), have a higher incidence of HGFs. Empirical evidence suggests that the highest shares of HGFs in Europe are found in peripheral regions, which goes against common assumptions and popular theories. The results call for i) a more nuanced interpretation of regional HGF shares, including a better understanding of their nature and drivers as well as ii) a refinement of the theoretical EE framework.
COAD Alexander;
DOMNICK Clemens;
SANTOLERI Pietro;
SRHOJ Stjepan;
2023-07-25
European Commission
JRC134577
https://publications.jrc.ec.europa.eu/repository/handle/JRC134577,
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