The Role of Small and Large Businesses in Economic Development PDF Download
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Author: Kelly D. Edmiston
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
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.
Author: Kelly D. Edmiston
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
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.
Author: Stephen Ackermann
Publisher: Springer Science & Business Media
ISBN: 1461551730
Category : Business & Economics
Languages : en
Pages : 180
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Book Description
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.
Author: Kelly Edmiston
Publisher:
ISBN: 9781422317440
Category :
Languages : en
Pages : 24
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Book Description
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.
Author: Harvey A. Garn
Publisher:
ISBN:
Category : Small business
Languages : en
Pages : 38
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Book Description
Author: Adam Szirmai
Publisher: Oxford University Press
ISBN: 0191618829
Category : Business & Economics
Languages : en
Pages :
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Book Description
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.
Author: Kelly D. Edmiston
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
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.
Author: Ruth C. Young
Publisher: University Press of America
ISBN: 9780761814474
Category : Business & Economics
Languages : en
Pages : 268
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Book Description
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: Sidney Winter
Publisher: World Bank Publications
ISBN:
Category : Developing countries
Languages : en
Pages : 68
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Book Description
Author: Institute of Physics and Power Engineering, Obninsk, Russia
Publisher: National Academies Press
ISBN: 0309182719
Category : Science
Languages : en
Pages : 256
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Book Description
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.
Author: Graham Bannock
Publisher: Psychology Press
ISBN: 9780415336673
Category : Business & Economics
Languages : en
Pages : 239
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Book Description
'Small Business' provides an international perspective on this important topic, and includes many pedagogical features such as questions for discussion, international case studies and empirical research.
