Are Small Firms Important? Their Role and Impact

1. Front Matter

   Pages i-xi

   PDF

2. The New American Evolution

   • Zoltan J. Acs

   Pages 1-20

3. Small Firms and Efficiency

   • David B. Audretsch

   Pages 21-37

4. Semiconductor Startups and The Exploration of New Technological Territory

   • Paul Almeida

   Pages 39-50

5. Entry, Innovation and Firm Growth

   • John R. Baldwin, Joanne Johnson

   Pages 51-77

6. Small Business and Job Creation in The United States: The Role of New and Young Businesses

   • John Haltiwanger, C. J. Krizan

   Pages 79-97

7. Small Business, Entrepreneurship, and Industrial Dynamics

   • Bo Carlsson

   Pages 99-110

8. Women-Owned Businesses: Why do They Matter?

   • Candida Brush, Robert D. Hisrich

   Pages 111-127

9. “Don’t Call Me Small”: The Contribution of Ethnic Enterprises to the Economic and Social Well-Being of America

   • John Sibley Butler, Patricia Gene Greene

   Pages 129-145

10. Evolution, Community, and The Global Economy

    • Zoltan J. Acs, Randall Morck, Bernard Yeung

    Pages 147-157

11. Small Businesses, Innovation, and Public Policy

    • Joshua Lerner

    Pages 159-168

12. Back Matter

    Pages 169-177

    PDF

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.

• Change
• Economic Growth
• Entrepreneurs
• Entrepreneurship
• business
• growth
• innovation

• University of Baltimore and U.S. Bureau of the Census, USA

  Zoltan J. Acs

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