Examines the role of innovation in quickly evolving, turbulent industrial markets in the United States. Longitudinal data for more than 4.5 million U.S. businesses between 1976 and 1986 - found in the United States Small Business Data Base - are used to analyze the startup, survival, and overall...

Does regional unemployment increase or rather decrease entrepreneurial activity? Although this question has been hotly debated among researchers for decades the answers yielded so far are ambiguous and inconclusive. The paper proposes an innovative approach that takes not only interregional...

The present analysis brings together a series of studies across a spectrum of selected countries in developed Western nations and Eastern Europe to identify the exact role of small firms, and how that role has evolved during the fifteen years preceding the publication of the book in...

It seems to be paradoxical that, at the beginning of the 1990s, when technical change seemed to play an unprecedented role in the U.S. welfare, that small firms emerged as a driving force of the U.S. economy. It is usually assumed that technological change requires the quantities of research and...