Innovation and Small Firms

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MIT Press, 1990 - Business & Economics - 212 pages
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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 to the innovative process and the manner in which market structure, and the firm-size distribution in particular, responds to technological change. The authors' analysis relies on traditional theories of industrial organization and tests existing hypotheses, many of them previously untested due to data constraints.Innovation and Small Firms brings together two large data bases recently released by the U. S. Small Business Administration - one directly measuring innovative activity for large and small firms, the other providing a detailed census of economic activity for all manufacturing firms and plants across a broad spectrum of industries.Acs and Audretsch describe and evaluate the data bases in the context of the literature on innovation, market structure, and firm size. They present their findings on the presence of small firms, small-firm entry in manufacturing, small-firm growth and flexible technology, and mobility and firm size. They compare static and dynamic measures of small-firm viability and address the relationships between R&D, innovation, and productivity, and analyze the interaction between technological regimes and the role of government in innovation.Zoltan Acs is an Associate Professor of Economics at the Merrick School of Business, the University of Baltimore. David Audretsch is a Research Fellow at the Wissenschaftszentrum Berlin für Sozialforschung in West Berlin.

 

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Contents

Introduction
1
The Innovation and Firm Size Data Bases
9
Innovation Market Structure and Firm Size
37
The Presence of Small Firms
61
Entry Market Structure and Innovation
79
Flexible Technology and the Size Distribution of Firms
105
Infraindustry Dynamics
129
Conclusions
147
Appendix A
155
Appendix C
163
Notes
177
References
185
Index
207
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About the author (1990)

Zoltan Acs is University Professor in the School of Public Policy and Director of the Center for Entrepreneurship and Public Policy at George Mason University.

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