The bulk of all new jobs has been shown to be created by a small number of high-growth firms (henceforth HGFs). However, no earlier study has analyzed the contribution of HGFs to economic growth or productivity. Furthermore, when their economic contribution is analyzed, HGFs have previously without exception been defined using growth in sales or employment as growth indicators. By growth indicator we refer to the variable in terms of which firm growth is defined. No previous study examining the contribution of HGFs has defined HGFs on growth in value added or productivity. .
