This essay explains how and why entrepreneurship has made important contributions to economic and social life inmodern industrialized countries. The increased role of entrepreuneurship in general and small firms in particular has come with a number of benefits spanning a wide range of economic...

The purpose of this paper is to examine whether the dynamics of industrial organization differ in the Netherlands from what has emerged as a Stylized Fact in other countries. Because the Netherlands has pursued a unique set of institutions and policies comprising what has become known as the...

The advent of a growing share of small firms in modern economies raises some intriguing questions. The most intriguing question undoubtedly is why so many smaller firms, which have traditionally been classified as sub-optimal scale firms, can exist. The authors suggest that, through pursuing a...

This paper studies the influence of cultural and economic variables on differences in the level of self-employment in more than twenty Western nations and Japan, for the period 1974-1994.