Small vs. Young Firms across the World : Contribution to Employment, Job Creation, and Growth
This paper describes a unique cross-country database that presents consistent and comparable information on the contribution of the small and medium enterprises sector to total employment, job creation, and growth in 99 countries. The authors compa...
Main Authors: | , , |
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Language: | English |
Published: |
2012
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Subjects: | |
Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110411130747 http://hdl.handle.net/10986/3397 |
Summary: | This paper describes a unique
cross-country database that presents consistent and
comparable information on the contribution of the small and
medium enterprises sector to total employment, job creation,
and growth in 99 countries. The authors compare and contrast
the importance of small and medium enterprises to that of
young firms across different economies. They find that small
firms (in particular, firms with less than 100 employees)
and mature firms (in particular, firms older than 10 years)
have the largest shares of total employment and job
creation. Small firms and young firms have higher job
creation rates than large and mature firms. However, large
firms and young firms have higher productivity growth. This
suggests that while small firms employ a large share of
workers and create most jobs in developing economies their
contribution to productivity growth is not as high as that
of large firms. |
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