This paper traces the contribution of small firms after the Industrial Revolution and the reasons for the changing role of small firms. The first three sections outline perceptions of the role of small firms in the literature, summarise data quantifying their actual contribution to the UK...

Aggregated data are used to investigate participation in education and training, and it is found that it is appropriate to model the aggregate participation rates using a sequential choice model, whereby training choices are made ex-post by school-leavers. Both investment- side and...