New Publication in Danish

I have written a short article in Danish on the innovative inputs in an industry, which are often provided by spin-offs. The article is called "Født til succes? Knopskydninger som kilde til innovation" (in English: "Born for Success? Spinoffs as Sources of Innovation") and it has now been accepted for publication in a refereed journal, Ledelse & Erhvervsøkonomi, which is a journal of the Association of Danish Business Economists.

Michael S. Dahl (2004), "Født til Succes? Knopskydninger som kilde til innovation [Born for Success? Spin-offs as sources of innovation]", Ledelse & Erhvervsøkonomi, Vol. 68, No. 4, pp. 285-292. ISSN: 0902-3704.

Paper accepted for Research Policy

A paper co-authored with Christian Ø. R. Pedersen have been accepted for publication in the international refereed journal, Research Policy. It is a revised version of our DRUID Working Paper, "Knowledge Flows through Informal Contacts in Industrial Clusters: Myths or Realities?".

The paper is based on a survey of more than 300 engineers in the wireless communication cluster (NorCOM) in and around Aalborg in North Denmark.

Michael S. Dahl and Christian Ø. R. Pedersen (2004), "Knowledge Flows through Informal Contacts in Industrial Clusters: Myth or Reality? ", Research Policy, Vol. 33, No. 10, pp. 1673-86. ISSN: 0048-7333.

Are Firm Growth Rates Random? Patterns and Dependencies

Toke Reichstein and Michael S. Dahl

Using Danish firm data covering almost 9000 observations, we find significant proof that firm growth cannot be considered as a simple Gibrat growth process. Key variables, such as size, age, geographical location and industry structure are tested against firm growth rates in turnover and employment. Besides running the regressions on all observations, we also consider and find highly interesting patterns in an industry context. Thus, we conclude that firm growth cannot be considered idiosyncratic. Firm growth is highly dependent on industry and geography.

Toke Reichstein and Michael S. Dahl (2004), “Are Firm Growth Rates Random? Patterns and Dependencies”, International Review of Applied Economics, Vol. 18, No. 2, pp. 225-246. ISSN: 0269-2171. [DOI Link]