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 d.
Remarkably, a small fraction of firms account for most of the job and output creation in high-income and developing countries alike