High-Growth Firms : Facts, Fiction, and Policy Options for Emerging Economies

Remarkably, a small fraction of firms account for most of the job and output creation in high-income and developing countries alike. Does this imply that the path to enabling more economic dynamism lies in selectively targeting high-potential firms? Or would pursuing broad-based reforms that minimiz...

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Main Authors:	Grover Goswami, Arti, Medvedev, Denis, Olafsen, Ellen
Format:	Book
Language:	English
Published:	Washington, DC: World Bank 2018
Subjects:	JOB CREATION PRIVATE SECTOR DEVELOPMENT ECONOMIC GROWTH EMERGING MARKET ECONOMIES DISTORTIONS COMPETITIVENESS COMPETITION POLICY PRODUCTIVITY INNOVATION VALUE CHAIN FIRM PERFORMANCE RESOURCE ALLOCATION ENTREPRENEURSHIP
Online Access:	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/391161542221639630/high-growth-firms-facts-fiction-and-policy-options-for-emerging-economies http://hdl.handle.net/10986/30800

id	okr-10986-30800
recordtype	oai_dc
spelling	okr-10986-308002021-04-23T14:04:59Z High-Growth Firms : Facts, Fiction, and Policy Options for Emerging Economies Grover Goswami, Arti Medvedev, Denis Olafsen, Ellen JOB CREATION PRIVATE SECTOR DEVELOPMENT ECONOMIC GROWTH EMERGING MARKET ECONOMIES DISTORTIONS COMPETITIVENESS COMPETITION POLICY PRODUCTIVITY INNOVATION VALUE CHAIN FIRM PERFORMANCE RESOURCE ALLOCATION ENTREPRENEURSHIP Remarkably, a small fraction of firms account for most of the job and output creation in high-income and developing countries alike. Does this imply that the path to enabling more economic dynamism lies in selectively targeting high-potential firms? Or would pursuing broad-based reforms that minimize distortions be more effective? Inspired by these questions, this book presents new evidence on the incidence, characteristics, and drivers of high-growth firms based on in-depth studies of firm dynamics in Brazil, Côte d’Ivoire, Ethiopia, Hungary, India, Indonesia, Mexico, South Africa, Thailand, Tunisia, and Turkey. Its findings reveal that high-growth firms are not only powerful engines of job and output growth but also create positive spillovers for other businesses along the value chain. At the same time, the book debunks several myths about policies to support firm dynamism that focus on outward characteristics, such as firm size, sector, location, or past performance. Its findings show that most firms struggle to sustain rapid rates of expansion and that the relationship between high growth and productivity is often weak. Consequently, the book calls for a shift toward policies that improve the quality of firm growth by supporting innovation, managerial skills, and firms’ ability to leverage global linkages and agglomeration. To help policy makers structure policies that support firm growth, the book proposes a new ABC framework of growth entrepreneurship: improving Allocative efficiency, encouraging Business-tobusiness spillovers, and strengthening firm Capabilities. This book is the third volume of the World Bank Productivity Project, which seeks to bring frontier thinking on the measurement and determinants of productivity to global policy makers. 2018-11-08T19:50:43Z 2018-11-08T19:50:43Z 2019 Book https://documents.worldbank.org/en/publication/documents-reports/documentdetail/391161542221639630/high-growth-firms-facts-fiction-and-policy-options-for-emerging-economies 978-1-4648-1368-9 http://hdl.handle.net/10986/30800 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication Brazil Cote d'Ivoire Ethiopia Hungary India Indonesia Mexico South Africa Thailand Tunisia Turkey
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	JOB CREATION PRIVATE SECTOR DEVELOPMENT ECONOMIC GROWTH EMERGING MARKET ECONOMIES DISTORTIONS COMPETITIVENESS COMPETITION POLICY PRODUCTIVITY INNOVATION VALUE CHAIN FIRM PERFORMANCE RESOURCE ALLOCATION ENTREPRENEURSHIP
spellingShingle	JOB CREATION PRIVATE SECTOR DEVELOPMENT ECONOMIC GROWTH EMERGING MARKET ECONOMIES DISTORTIONS COMPETITIVENESS COMPETITION POLICY PRODUCTIVITY INNOVATION VALUE CHAIN FIRM PERFORMANCE RESOURCE ALLOCATION ENTREPRENEURSHIP Grover Goswami, Arti Medvedev, Denis Olafsen, Ellen High-Growth Firms : Facts, Fiction, and Policy Options for Emerging Economies
geographic_facet	Brazil Cote d'Ivoire Ethiopia Hungary India Indonesia Mexico South Africa Thailand Tunisia Turkey
description	Remarkably, a small fraction of firms account for most of the job and output creation in high-income and developing countries alike. Does this imply that the path to enabling more economic dynamism lies in selectively targeting high-potential firms? Or would pursuing broad-based reforms that minimize distortions be more effective? Inspired by these questions, this book presents new evidence on the incidence, characteristics, and drivers of high-growth firms based on in-depth studies of firm dynamics in Brazil, Côte d’Ivoire, Ethiopia, Hungary, India, Indonesia, Mexico, South Africa, Thailand, Tunisia, and Turkey. Its findings reveal that high-growth firms are not only powerful engines of job and output growth but also create positive spillovers for other businesses along the value chain. At the same time, the book debunks several myths about policies to support firm dynamism that focus on outward characteristics, such as firm size, sector, location, or past performance. Its findings show that most firms struggle to sustain rapid rates of expansion and that the relationship between high growth and productivity is often weak. Consequently, the book calls for a shift toward policies that improve the quality of firm growth by supporting innovation, managerial skills, and firms’ ability to leverage global linkages and agglomeration. To help policy makers structure policies that support firm growth, the book proposes a new ABC framework of growth entrepreneurship: improving Allocative efficiency, encouraging Business-tobusiness spillovers, and strengthening firm Capabilities. This book is the third volume of the World Bank Productivity Project, which seeks to bring frontier thinking on the measurement and determinants of productivity to global policy makers.
format	Book
author	Grover Goswami, Arti Medvedev, Denis Olafsen, Ellen
author_facet	Grover Goswami, Arti Medvedev, Denis Olafsen, Ellen
author_sort	Grover Goswami, Arti
title	High-Growth Firms : Facts, Fiction, and Policy Options for Emerging Economies
title_short	High-Growth Firms : Facts, Fiction, and Policy Options for Emerging Economies
title_full	High-Growth Firms : Facts, Fiction, and Policy Options for Emerging Economies
title_fullStr	High-Growth Firms : Facts, Fiction, and Policy Options for Emerging Economies
title_full_unstemmed	High-Growth Firms : Facts, Fiction, and Policy Options for Emerging Economies
title_sort	high-growth firms : facts, fiction, and policy options for emerging economies
publisher	Washington, DC: World Bank
publishDate	2018
url	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/391161542221639630/high-growth-firms-facts-fiction-and-policy-options-for-emerging-economies http://hdl.handle.net/10986/30800
_version_	1764472917120253952

High-Growth Firms : Facts, Fiction, and Policy Options for Emerging Economies

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