The article "Gazelles as job creators: a survey and interpretation of the evidence" by Magnus Henrekson and Dan Johansson examines the role of small, rapidly growing firms, known as Gazelles, in generating net employment growth. The authors conduct a meta-analysis of empirical evidence to determine whether Gazelles, defined as firms with high growth rates, are significant job creators. Key findings include: 1. **Net Employment Growth**: Gazelles generate a disproportionately large share of new net jobs, often accounting for all or a large portion of the net job creation. 2. **Age and Size**: On average, Gazelles are younger and smaller than other firms, but young age is more strongly associated with rapid growth. 3. **Industry Representation**: Gazelles exist in all industries, but there is no evidence that they are overrepresented in high-technology industries. They seem to be more prevalent in services. 4. **Growth Characteristics**: Gazelles can be of various sizes, and while small firms are overrepresented, larger Gazelles also contribute significantly to job creation, particularly a subgroup known as "Superstars." The authors conclude that a small number of high-growth firms, or Gazelles, play a crucial role in net job creation, and these firms are often young. However, the conclusion is based on a limited number of studies, and further research is needed to confirm these findings. The study also highlights the importance of both new firm entry and the rapid growth of a few firms in driving employment growth.The article "Gazelles as job creators: a survey and interpretation of the evidence" by Magnus Henrekson and Dan Johansson examines the role of small, rapidly growing firms, known as Gazelles, in generating net employment growth. The authors conduct a meta-analysis of empirical evidence to determine whether Gazelles, defined as firms with high growth rates, are significant job creators. Key findings include: 1. **Net Employment Growth**: Gazelles generate a disproportionately large share of new net jobs, often accounting for all or a large portion of the net job creation. 2. **Age and Size**: On average, Gazelles are younger and smaller than other firms, but young age is more strongly associated with rapid growth. 3. **Industry Representation**: Gazelles exist in all industries, but there is no evidence that they are overrepresented in high-technology industries. They seem to be more prevalent in services. 4. **Growth Characteristics**: Gazelles can be of various sizes, and while small firms are overrepresented, larger Gazelles also contribute significantly to job creation, particularly a subgroup known as "Superstars." The authors conclude that a small number of high-growth firms, or Gazelles, play a crucial role in net job creation, and these firms are often young. However, the conclusion is based on a limited number of studies, and further research is needed to confirm these findings. The study also highlights the importance of both new firm entry and the rapid growth of a few firms in driving employment growth.