“…Haltiwanger, Lane, and Speltzer, 1999), the exceptional growth of a few high-potential "gazelles" more than compensate for the start-ups that stagnate (Shane, 2009;Calvino, Criscuolo, and Menon, 2016). However, the extent to which resources can be reallocated from inefficient firms to efficient ones differs considerably across countries (Berlingieri et al, 2017). For example, in the USA allocative efficiency explains more than 50% of productivity growth while in Slovenia only 4% (Bartelsman et al, 2013).…”