Examines the economic significance of micro and small enterprises (MSEs) in Viet Nam and assesses the policy and legal environment for MSEs in seven key areas: specific MSE policies; business laws and regulations; taxation; labour policy; trade; finance, credit and bankruptcy polices; and...

Examines the role of small, medium and micro enterprises (SMMEs) in employment and the economy in South Africa and assesses the impact of the policy and legislative environment on these enterprises. Focuses on the number and quality of jobs being created in the sector.

We develop a new perspective on the boundary of the firm that is consistent with the empirical observation that the share of entrepreneurs first decreases and then increases in the course of economic development. Existing theory based on transaction costs is difficult to relate to these...

This paper revisits the two-equation model of Carree, van Stel, Thurik and Wennekers (2002) where deviations from the ‘equilibrium’ rate of business ownership play a central role determining both the growth of business ownership and that of economic development. Two extensions of the...