High growth and gazelles enterprises in Portugal: a firm demography and growth analysis
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abstract
This paper describes employer enterprise dynamics in Portugal
for High Growth and Gazelle enterprises for the period 1990‐
2007 and discusses the main stylized facts related to these
firms´ performance, longevity and employment by size, region
and sector. Two parallel perspectives are provided, by
turnover and by employment. The analysis carried out is based
on a comprehensive dataset which provides the platform for
uncovering features of Portuguese firms which have not been
examined to such a detail before. In doing so, this study
reveals potential business areas of growth which are of prime
importance for a country’s economic growth and
development.In addition, the paper also provides an international
comparison between Portuguese firms and those in the UK.
This comparison enables us to explore differences in national framework conditions and conclude that the regulatory
environment in which Portuguese firms operate seem to be
instrumental to the explanation of their poor performance
relative to their UK counterparts.
