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Embodiments of Entrepreneurial Spirit: «Gazelle-Firms» in Russia

Author

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  • Yudanov, A.

    (Finance Academy, Moscow, Russia)

Abstract

Gazelles, i.e. firms showing rapid growth over a long period of time, have a strong impact on national economic development; that is why they are widely studied in the developed countries. The purpose of this article is to present the results of the first empiric study of gazelles in Russia. The number of gazelles in this country is higher, while their relative contribution to GDP growth is lower, than in the Western countries. Gazelles are the only type of middle and large Russian firms with positive long-term dynamics of employment. They are also the active agents of technological imitation and innovation processes. The rapid growth of Russian gazelles tends to follow an exponential law. We suppose the last phenomenon to be the prime result of entrepreneurial nature of gazelles.

Suggested Citation

  • Yudanov, A., 2010. "Embodiments of Entrepreneurial Spirit: «Gazelle-Firms» in Russia," Journal of the New Economic Association, New Economic Association, issue 5, pages 92-109.
    • Handle: RePEc:nea:journl:y:2010:i:5:p:92-109
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    References listed on IDEAS

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    1. Paul Schreyer, 2000. "High-Growth Firms and Employment," OECD Science, Technology and Industry Working Papers 2000/3, OECD Publishing.
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    6. Delmar, Frederic & Davidsson, Per & Gartner, William B., 2003. "Arriving at the high-growth firm," Journal of Business Venturing, Elsevier, vol. 18(2), pages 189-216, March.
    7. V. Polterovich., 2009. "The Innovation Pause Hypothesis and the Strategy of Modernization," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 6.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Kuzyk, M. & Simachev, Yu. & Fedyunina, A., 2020. "Participation of fast-growing SMEs in international trade and implications for public policy," Journal of the New Economic Association, New Economic Association, vol. 45(1), pages 208-218.
    2. Zemtsov, S., 2022. "Technological entrepreneurship as a development factor of Russia," Journal of the New Economic Association, New Economic Association, vol. 53(1), pages 212-223.
    3. Zemtsov, S. & Chernov, A., 2019. "What High-Tech Companies in Russia Grow Faster and Why?," Journal of the New Economic Association, New Economic Association, vol. 41(1), pages 68-99.

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    More about this item

    Keywords

    Fast growing firms; high-growth firms; entrepreneurship; economic growth; exponential growth; innovation; gazelles;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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