It is always interesting to delve into the statistics when it comes to accelerating gifted students. The findings on this website show it can have a positive effect, not just on academic success but also on interpersonal skills.
The panel on the video discuss programs that are in place in schools and takes a very academic view on acceleration. The mention of the need for students to compete on a worldly scale is an interesting one, and one that promotes the need for an academic push.
A informative article that highlights ways in which academic acceleration can work. It offers several pre-requisites that might make a student eligible for successful acceleration. I think the most important of these is to assess each child as an individual and form strategies that have the overall well being of the child as a central focus.
A documentary about 9 year old Tanishq and his educational acceleration. The academic outcomes are hugely positive and he is a happy child, but he does miss having friends his own age. This real life scenarios might help you weigh up the need for academic challenge vs the importance of a positive social environment.
I love this resource because it helps answer questions regarding acceleration. There is also a very useful section for parents. This may be useful if you have children in your school who would be suitable for acceleration and you wish to pass on information to their parents.