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- W3122299831 abstract "The dynamic role small and medium enterprises play in the U.S. economy is discussed. Previous research indicates that small and medium enterprises (SMEs) play a vital role in helping the U.S. compete in the global job market. However, when economic activity comparisons are made with other countries, U.S. SMEs were found to contribute a considerably lesser amount to production efficiency. This discrepancy lies in the difference between the dynamic and static roles played by these small firms. Using data from the Longitudinal Establishment and Enterprise file, produced by the U.S. Bureau of the Census and the U.S. Small Business Administration, it is demonstrated that while SMEs place a production efficiency burden on the U.S. economy, this burden is offset by the sizable contribution SMEs make to the development and growth of dynamic efficiency in the U.S.—particularly contributing to innovation, job generation, and international competitiveness. The discussion is divided into four sections: the first section stresses the important part small and medium enterprises play in the U.S. economy; the second contrasts the static role and dynamic role of SMEs; the third section examines the policies that have contributed to promoting the dynamic contributions of SMEs; and the fourth concludes that the greatest contribution made to economy efficiency by small firms is dynamic and evolutionary in nature—i.e., small firms serve as agents of change.(SFL)" @default.
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- W3122299831 date "2002-01-01" @default.
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- W3122299831 title "The Dynamic Role of Small Firms: Evidence from the U.S" @default.
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