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High-Growth Firms and Policy Implications

High-Growth Firms and Policy Implications

At a time when policymakers are striving to restore economic growth and overcome global financial crises, high-growth firms (HGFs), despite representing a small proportion of businesses, play a crucial role in job creation

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Direct and Indirect Support for Innovation

Direct and Indirect Support for Innovation

Economic theory emphasizes that the private sector often underinvests in research and development (R&D) due to challenges in capturing all benefits and financial constraints. Governments address this market failure by incentivizing private firms

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