Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/228129
Authors: 
Santoleri, Pietro
Year of Publication: 
2019
Series/Report no.: 
LEM Working Paper Series No. 2019/31
Abstract: 
Recent research has underscored the prominent role played by a small fraction of fast-growing new firms in contributing to aggregate net employment growth. While it is typically assumed that those firms experience this superior performance thanks to their ability in undertaking technological innovation, few empirical studies have explicitly addressed this issue. This article examines the innovation-employment nexus for start-ups using the Kauffman Firm Survey (KFS), a unique longitudinal dataset tracking a single cohort of US firms founded in 2004. Results based on fixed effects panel quantile regressions indicate an overall positive but heterogeneous effect of innovation activities on the conditional employment growth distribution. More in detail, the findings reveal that both research and development (R&D) and patents have a positive association with employment growth especially for those new firms experiencing high-growth.
Subjects: 
new firms
high-growth
innovation
employment growth
panel quantile regressions
JEL: 
L20
L25
M13
Document Type: 
Working Paper

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