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Role Of Small And Large Businesses In Economic Development
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Book Synopsis The Role of Small and Large Businesses in Economic Development by : Kelly D. Edmiston
Download or read book The Role of Small and Large Businesses in Economic Development written by Kelly D. Edmiston and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasingly, economic development experts are abandoning traditional approaches to economic development that rely on recruiting large enterprises with tax breaks, financial incentives, and other inducements. Instead, they are relying on building businesses from the ground up and supporting the growth of existing enterprises. This paper explores whether promoting entrepreneurship and small businesses makes sense as an economic development strategy. It concludes that it probably does, but with some caveats. Small businesses are potent job creators, but so are large businesses. The attribution of the bulk of net job creation to small businesses arises largely from relatively large job losses at large firms, not to especially robust job creation by small firms. More important, data show that, on average, large businesses offer better jobs than small businesses, both in terms of compensation and stability. Further, there is little convincing evidence to suggest that small businesses have an edge over larger businesses in innovation. More research is needed to properly evaluate the case for a small business strategy, and indeed, to determine whether or not public engagement in economic development itself is a cost-effective and worthwhile pursuit.
Book Synopsis Role of Small and Large Businesses in Economic Development by : Kelly Edmiston
Download or read book Role of Small and Large Businesses in Economic Development written by Kelly Edmiston and published by . This book was released on 2007-09 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Econ. dev't. experts are abandoning traditional approaches to economic dev't. that rely on recruiting large enterprises with tax breaks, financial incentives, & other inducements. Instead, they are relying on building bus. from the ground up & supporting the growth of existing enterprises. This approach has 2 features: to develop & support entrepreneurs & small bus.; & to expand & improve infrastructure & to develop or recruit a highly skilled & educated workforce. Both efforts depend in large part on improving the quality of life in the community & creating an attractive bus. climate. Edmiston explores whether promoting entrepreneurship & small bus. makes sense as an econ. dev't. strategy. He concludes that it does, but with some caveats. Illus.
Book Synopsis Are Small Firms Important? Their Role and Impact by : Stephen Ackermann
Download or read book Are Small Firms Important? Their Role and Impact written by Stephen Ackermann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are Small Firms Important? Their Role and Impact proposes and supports the claim that small firms make two indispensable contributions to the economy. First, they are an integral part of the renewal process that pervades market economies. New and small firms play a crucial role in experimentation and innovation that leads to technological change, productivity and economic growth. Second, small firms are the essential mechanism by which millions enter the economic and social mainstream of American society. The public policy implications for sustained economic growth and social well-being is the continued high-level creation of new and small firms by all segments of society. It should be the role of government policy to facilitate that process by eliminating entry barriers, lowering transaction costs, and minimizing regulation.
Book Synopsis The Role of Small Business Enterprise in Economic Development by : Harvey A. Garn
Download or read book The Role of Small Business Enterprise in Economic Development written by Harvey A. Garn and published by . This book was released on 1981 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economics and Management of Small Business by : Graham Bannock
Download or read book The Economics and Management of Small Business written by Graham Bannock and published by Psychology Press. This book was released on 2005 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an international perspective on small business, and includes many useful pedagogical features such as questions for discussion, international case studies and empirical research.
Book Synopsis The Role of Small and Large Businesses in Economic Development by : Kelly D. Edmiston
Download or read book The Role of Small and Large Businesses in Economic Development written by Kelly D. Edmiston and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasingly, economic development experts are abandoning traditional approaches to economic development that rely on recruiting large enterprises with tax breaks, financial incentives, and other inducements. Instead, they are relying on building businesses from the ground up and supporting the growth of existing enterprises. This paper explores whether promoting entrepreneurship and small businesses makes sense as an economic development strategy. It concludes that it probably does, but with some caveats. Small businesses are potent job creators, but so are large businesses. The attribution of the bulk of net job creation to small businesses arises largely from relatively large job losses at large firms, not to especially robust job creation by small firms. More important, data show that, on average, large businesses offer better jobs than small businesses, both in terms of compensation and stability. Further, there is little convincing evidence to suggest that small businesses have an edge over larger businesses in innovation. More research is needed to properly evaluate the case for a small business strategy, and indeed, to determine whether or not public engagement in economic development itself is a cost-effective and worthwhile pursuit.
Download or read book Making It Big written by Andrea Ciani and published by World Bank Publications. This book was released on 2020-10-08 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic and social progress requires a diverse ecosystem of firms that play complementary roles. Making It Big: Why Developing Countries Need More Large Firms constitutes one of the most up-to-date assessments of how large firms are created in low- and middle-income countries and their role in development. It argues that large firms advance a range of development objectives in ways that other firms do not: large firms are more likely to innovate, export, and offer training and are more likely to adopt international standards of quality, among other contributions. Their particularities are closely associated with productivity advantages and translate into improved outcomes not only for their owners but also for their workers and for smaller enterprises in their value chains. The challenge for economic development, however, is that production does not reach economic scale in low- and middle-income countries. Why are large firms scarcer in developing countries? Drawing on a rare set of data from public and private sources, as well as proprietary data from the International Finance Corporation and case studies, this book shows that large firms are often born large—or with the attributes of largeness. In other words, what is distinct about them is often in place from day one of their operations. To fill the “missing top†? of the firm-size distribution with additional large firms, governments should support the creation of such firms by opening markets to greater competition. In low-income countries, this objective can be achieved through simple policy reorientation, such as breaking oligopolies, removing unnecessary restrictions to international trade and investment, and establishing strong rules to prevent the abuse of market power. Governments should also strive to ensure that private actors have the skills, technology, intelligence, infrastructure, and finance they need to create large ventures. Additionally, they should actively work to spread the benefits from production at scale across the largest possible number of market participants. This book seeks to bring frontier thinking and evidence on the role and origins of large firms to a wide range of readers, including academics, development practitioners and policy makers.
Book Synopsis Small and Medium-size Enterprises in Economic Development by : Sidney Winter
Download or read book Small and Medium-size Enterprises in Economic Development written by Sidney Winter and published by World Bank Publications. This book was released on 1995 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Entrepreneurship and Economic Development by : Wim Naudé
Download or read book Entrepreneurship and Economic Development written by Wim Naudé and published by Springer. This book was released on 2010-12-08 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading international scholars provide a timely reconsideration of how and why entrepreneurship matters for economic development, particularly in emerging and developing economies. The book critically dissects the evolving relationship between entrepreneurs and the state.
Book Synopsis Entrepreneurship, Private and Public by : Ruth C. Young
Download or read book Entrepreneurship, Private and Public written by Ruth C. Young and published by University Press of America. This book was released on 1999 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Entrepreneurship, Private and Public is a unique study that explores the regional structure of small manufacturers, the nature of their operations, and their relationship to larger industry and public agencies. It examines the role of entrepreneurship in modern society through a survey of small businesses and the economic development agencies that help them in upstate New York. Previous research on this topic has not addressed the impact of the public agencies that are run by and for entrepreneurs on small manufacturers. The results of this study challenge existing theories on small businesses, finding that they engage in a complex web of economic relationships with larger industry. Rather than being replaced, small manufacturers often fill specialized niches that serve larger industry. In this sense, small businesses are essential to understanding larger economic structures. Those with interests in small business development, rural sociology and agricultural economy will find this volume enlightening.
Author :Institute of Physics and Power Engineering, Obninsk, Russia Publisher :National Academies Press ISBN 13 :0309182719 Total Pages :256 pages Book Rating :4.3/5 (91 download)
Book Synopsis Successes and Difficulties of Small Innovative Firms in Russian Nuclear Cities by : Institute of Physics and Power Engineering, Obninsk, Russia
Download or read book Successes and Difficulties of Small Innovative Firms in Russian Nuclear Cities written by Institute of Physics and Power Engineering, Obninsk, Russia and published by National Academies Press. This book was released on 2002-06-06 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This workshop report focuses on successes and failures of small innovative firms in five science cities in Russia. The workshop was organized by the NRC with the cooperation of Minatom.
Book Synopsis Entrepreneurship and Economic Growth by : David B. Audretsch
Download or read book Entrepreneurship and Economic Growth written by David B. Audretsch and published by Oxford University Press. This book was released on 2006-04-27 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: By serving as a conduit for knowledge spillovers, entrepreneurship is the missing link between investments in new knowledge and economic growth. The knowledge spillover theory of entrepreneurship provides not just an explanation of why entrepreneurship has become more prevalent as the factor of knowledge has emerged as a crucial source for comparative advantage, but also why entrepreneurship plays a vital role in generating economic growth. Entrepreneurship is an important mechanism permeating the knowledge filter to facilitate the spill over of knowledge and ultimately generate economic growth.
Book Synopsis Entrepreneurship, Innovation, and Economic Development by : Adam Szirmai
Download or read book Entrepreneurship, Innovation, and Economic Development written by Adam Szirmai and published by Oxford University Press. This book was released on 2011-04-28 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Entrepreneurship and innovation are two of the most pervasive concepts of our times, yet there are still gaps in our understanding of the interactions between entrepreneurship and innovation, particularly in developing countries. This book is an attempt to fill this gap. It focuses on the entrepreneurship-innovation-development nexus, drawing heavily on empirical evidence from developing countries. Cross-country and individual country experiences cover nations as diverse as Ethiopia, India, Turkey, Vietnam, and also examine lessons from advanced economies such as Finland. Three sets of questions are addressed. What is the impact of entrepreneurship and innovation on growth and development? What determines the innovative performance of entrepreneurs in developing countries? What role does the institutional environment play in shaping the extent and impact of innovative activities? A key message is that entrepreneurial innovation, whether through small firms, large national firms, or multinational firms, is often vibrant in developing countries, but does not always realise its full potential. This is due to institutional constraints, the absence of the appropriate mix of different types of small and large and domestic and foreign firms, and insufficiently developed firm capabilities. The contributions provide a better understanding of the determinants and impacts of innovation in developing countries and the policies and institutions that support or hinder innovation.
Book Synopsis Entrepreneurship, Small and Medium-Sized Enterprises and the Macroeconomy by : Zoltan J. Acs
Download or read book Entrepreneurship, Small and Medium-Sized Enterprises and the Macroeconomy written by Zoltan J. Acs and published by Cambridge University Press. This book was released on 1999 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book was originally published in 1999. At this time, the US economy had recently restructured itself, moving away from an industrial economy towards one based on information, while the European Union and Japan were left to worry about rising government deficits, inflexible businesses, persistent unemployment, and workers inadequately trained for the information age. Why did the US economy move beyond its chief competitors? This collection suggests that at least some of the answers to the pattern of divergent development can be found in the role of the entrepreneur. By examining the process that entrepreneurs play in the economy, the essays in this volume make a fundamental contribution to our understanding of the macroeconomy. Each chapter clarifies the role of entrepreneur in economic theory, the function of small and medium-size enterprises that they found and build and the impact of the innovations introduced on employment, productivity, and economic growth.
Book Synopsis Measuring Entrepreneurial Businesses by : John Haltiwanger
Download or read book Measuring Entrepreneurial Businesses written by John Haltiwanger and published by University of Chicago Press. This book was released on 2017-09-21 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: Measuring Entrepreneurial Businesses: Current Knowledge and Challenges brings together and unprecedented group of economists, data providers, and data analysts to discuss research on the state of entrepreneurship and to address the challenges in understanding this dynamic part of the economy. Each chapter addresses the challenges of measuring entrepreneurship and how entrepreneurial firms contribute to economies and standards of living. The book also investigates heterogeneity in entrepreneurs, challenges experienced by entrepreneurs over time, and how much less we know than we think about entrepreneurship given data limitations. This volume will be a groundbreaking first serious look into entrepreneurship in the NBER's Income and Wealth series.
Download or read book The Small Business Economy written by and published by . This book was released on 2004 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Small Business in the American Economy: Its Contibutions and Its Problem, the Role of the Federal Government by : United States President of the United States
Download or read book Small Business in the American Economy: Its Contibutions and Its Problem, the Role of the Federal Government written by United States President of the United States and published by . This book was released on 1962 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
