| By: |
Werner Hölzl (WIFO) |
| Abstract: |
This paper studies the R&D behaviour of fast growing SMEs using CIS III data
for 16 countries. We group the countries into three groups that roughly have
the same position in technological development. The first finding is that R&D
is more important to high growth SMEs in countries that are closer to the
technological frontier. The second finding is that high growth SMEs are more
innovative than non-high-growth SMEs only for countries close to the
technological frontier. This suggests that gazelles derive much of their drive
from the exploitation of comparative advantages. From a policy perspective
this suggests that there are important limits to centralise policies that aim
at fostering high growth SMEs. |
| Keywords: |
R&D, high growth firms, Europe, CIS |
| Date: |
2008–08–21 |
| URL: |
http://d.repec.org/n?u=RePEc:wfo:wpaper:y:2008:i:327&r=ino |