Utilizing a unique data set, Zoltan Acs and David Audretsch provide a rich empirical analysis of the increased importance of small firms in generating technological innovations and their growing contribution to the U.S. economy. They identify the contributions made by both small and large firms...

Audretsch D. B., Falck O., Feldman M. P. and Heblich S. Local entrepreneurship in context, Regional Studies. This paper posits that regions provide locational factors which determine the industry structure and with it entrepreneurial opportunities whose exploitation influences regional dynamics....

This paper combines the empirical finding of a functional specialization of cities with regional dynamics.We distinguish between cities dominated by headquarters and service firms (urban agglomerations), those with large stand-alone production plants in one sector (industrial agglomerations),...

It once took two decades to replace one-third of the Fortune 500; now a subset of new firms are challenging and displacing this elite group at a breathtaking rate, while armies of startups come and go within just a few years. Most new jobs are, in fact, coming from small firms, reversing the trend...