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High-growth firm shares in Austrian regions: the role of economic structures
This paper explores the structural determinants of high-growth firm shares in Austrian regions. The regional level of analysis allows one to uncover regularities that are not detectable in firm-level studies. It is found that lower mobility barriers, firm exits and technological opportunities, measured by digitalization intensities, and, to a lesser extent, agglomeration effects are associated with a larger share of high-growth firms. The results suggest that comparisons of shares of high-growth firm across countries and regions should consider differences in the industrial structures together with the often-emphasized differences in policies and regulations.
JEL-Codes:D22, L25, R11
Keywords:high-growth firms, industrial structure, information and communication technology, Austria, variety, NUTS-3
Research group:Industrial Economics, Innovation and International Competition
Language:English