Entrepreneurship, Small and Medium-Sized Enterprises and the Macroeconomy / Edition 1

Entrepreneurship, Small and Medium-Sized Enterprises and the Macroeconomy / Edition 1

by Zoltan J. Acs
     
 

ISBN-10: 0521621054

ISBN-13: 9780521621052

Pub. Date: 10/28/2002

Publisher: Cambridge University Press

Why has the United States economy successfully moved 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 new firms and entrepreneurs play in the economy, the essays in this volume make a fundamental contribution to

Overview

Why has the United States economy successfully moved 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 new firms and entrepreneurs play in the economy, the essays in this volume make a fundamental contribution to our understanding of the macroeconomy. The public policy implications of this process are clear. Countries that encourage entrepreneurship and free entry will have better macroeconomic performance than those that retard it.

Product Details

ISBN-13:
9780521621052
Publisher:
Cambridge University Press
Publication date:
10/28/2002
Edition description:
New Edition
Pages:
416
Product dimensions:
5.98(w) x 8.98(h) x 1.06(d)

Table of Contents

Introduction and overview: 1. The linkages between entrepreneurship, SMEs and the macroeconomy Zoltan J. Acs, Bo Carlsson and Charlie Karlsson; Part I. Entrepreneurship, Industrial Dynamics and the Macroeconomy: 2. Entrepreneurship and the theory of the firm Mark Casson; 3. Entrepreneurship, and economic restructuring: an evolutionary view David Audretsch; 4. Business volatility: source or symptom of economic growth? Paul D. Reynolds; 5. Industry structure, entrepreneurship, and the macroeconomy: a comparison of Ohio and Sweden, 1975–1995 Pontus Braunerhjelm and Bo Carlsson; Part II. Financing Entrepreneurship and SMEs: 6. Small business cessation: failure to learn by doing? Robert Cressey; 7. Capital structure at inception and the short-run performance of micro firms Gavin C. Reid; 8. Resource allocation, incentives, and control: the importance of venture capital in financing entrepreneurial firms Paul A. Gompers; Part III. Job Creation and Destruction: 9. Job creation and destruction by employer size and age: cyclical dynamics John Haltiwanger; 10. SMEs and job creation during a recession Per Davidsson, Leif Lindmark and Christer Oloffson; 11. Job flows of firms in traditional services Luuk Klop and Roy Thurik; Part IV. Innovation, Productivity and Growth: 12. Innovation in UK SMEs: causes and consequences for firm failure and acquisition Andy Cosh, Alan Hughes and Eric Wood; 13. Productivity growth and firm size distribution Zoltan J. Acs, Randal Morck and Bernard Yeung.

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