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| Author: | Hölzl, W. |
| Title: | Is the R&D behaviour of fast-growing SMEs different? Evidence from CIS III data for 16 countries |
| Journal: | Small business economics
2009 : JUN, VOL. 33:1, p. 59-75 |
| Index terms: | R&D innovation growth small and medium-sized enterprises (SMEs) comparative advantage surveys Europe |
| Language: | eng |
| Abstract: | Based on Community Innovation Survey (CIS) III data for 16 countries, this paper explores the R&D behaviour of fast growing SMEs. The countries are set into three categories of countries having roughly the same stage of technological (herein as: tchgal.) development. It is found that 1. R&D is more important to high-growth (here as: h-g.) SMEs in countries closer to the tchgal. frontier (as: t-frnt.), and 2. h-g. SMEs are only more innovative than non-h-g. SMEs in countries close to the t-frnt. This suggests that gazelles derive much of their drive from the exploitation of comparative advantages. From a policy viewpoint, this indicates there to exist important limits to centralizing policies aiming to foster h-g. SMEs. |
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