Young firms are integral to productivity enhancing resources reallocation. However, manufacturing entrepreneurs in Australia are quite unproductive upon entry. Yet, the productivity of those that survive makes a quantum leap in one year and converges to that of the mature firms. Those entrepreneurs that grow substantially by age three, termed as transformative, have a major productivity advantage. Interesting productivity dynamics are also afoot for entrepreneurs located within clusters of firms and patents that lead to productivity advantages. These firms are the ones contributing the most to resources reallocation. The findings shed light on a multitude of externalities affecting the productivity of young firms and have implications for the related government policies.

中文翻译：

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澳大利亚的制造业企业家是否具有（或发展）生产力优势？

年轻的公司对于提高生产力的资源再分配是不可或缺的。但是，澳大利亚的制造业企业家在进入时就没有生产力。然而，幸存者的生产率在一年之内实现了飞跃性增长，并趋于与成熟企业的生产率趋同。到了三岁时，那些被称为变革型的企业家大幅度成长，他们具有主要的生产力优势。位于公司和专利集群中的企业家也开始关注有趣的生产力动态，这可以带来生产力优势。这些公司是对资源重新分配贡献最大的公司。研究结果揭示了影响年轻企业生产率的众多外部因素，并对相关的政府政策产生了影响。