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Title:The Finnish paradox: The curious absence of high-growth entrepreneurship in Finland PDF Logo
Authors:Autio, Erkko
Issue Date:2009
Series/Report no.:ETLA discussion paper 1197
Abstract:This paper looks at how well Finland performs in high growth entrepreneurship and uses data from the Global Entrepreneurship monitor to benchmark Finland against other European countries. It is found that Finland's prevalence rate of high growth entrepreneurial activity lags significantly behind most of its European and all of its Scandinavian peers. That this weak performance in high-growth entrepreneurship goes hand in hand with Finland being a world leader in per capita investment in R&D may be described as a paradox. The reasons underlying the underperformance of Finland remain however unclear. At this point, explanations should be sought in culture, industrial traditions and systemic experience in high growth entrepreneurship.
Subjects:Firm growth
high growth firms
gazelles
JEL:D21
L25
M13
O12
O40
Document Type:Working Paper
Appears in Collections:ETLA Discussion Papers, Research Institute of the Finnish Economy

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