Drivers of Growth in Tunisia: Young Firms vs Incumbents

Marco Vivarelli, H Arouri, AB Youssef, F Quatraro

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

Abstract

The aim of this paper is to investigate the growth dynamics of young small firms (in contrast with larger and older incumbents) in a developing country context, using a unique and comprehensive dataset of non-agricultural Tunisian companies. Our results suggest that significant differences between young and mature firms can be found as far as the drivers of their growth are concerned. The key finding being that—while consistently with the extant literature Gibrat’s law is overall rejected—the negative impact of the initial size is significantly larger for young than mature firms. This result has interesting policy implications: since smaller young firms are particularly conducive to employment generation, they can be considered good candidate for targeted accompanying policies addressed to sustain their post-entry growth.
Lingua originaleEnglish
pagine (da-a)323-340
Numero di pagine18
RivistaSMALL BUSINESS ECONOMICS
Volume2020
Stato di pubblicazionePubblicato - 2020

Keywords

  • Firm's growth
  • Gibrat's law
  • Tunisia
  • Young firms

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