This paper assesses the relationship between Australian business innovation persistence and growth performance between 2007 and 2014. During this period, high sales or employment growth businesses accounted for over 80% of growth in Australia. High growth start-up small to medium sized enterprises made a disproportionately high contribution.
Using the Australian Bureau of Statistics’ (ABS) Business Longitudinal Analytical Data Environment (BLADE), we:
- establish the contribution of high growth businesses to the Australian economy
- test whether persistent business innovation creates performance advantages over non-innovator businesses and less persistent innovators.
Authors: Luke Hendrickson, David Taylor, Lyndon Ang, Kay Cao, Thai Nguyen and Franklin Soriano.