Chapter 3 Spotting Gazelles in Germany. Occurrence and Distribution of High-Growth Firms in Europe’s Largest Economy

This chapter summarizes existing empirical literature on German gazelles and draws on a large new sample of high-growth firms for a description of the regional and sectoral distribution of gazelles in Germany. In addition, the regional distribution of gazelles is juxtaposed with the occurrence of regional cluster initiatives. In sum, our results are in line with major former findings. We find gazelles in all sectors and many regions with some specificities for young and urban gazelles. We do not find significantly more gazelles in regions, though, which pursue a targeted cluster policy. Finally and consequently, we call for more granular studies on types and characteristics of gazelles in the future.