Innovation and Small Firms
Utilizing a unique data set, Zoltan Acs and David Audretsch provide a rich empiricalanalysis of the increased importance of small firms in generating technological innovations andtheir growing contribution to the U.S. economy. They identify the contributions made by both smalland large firms to the innovative process and the manner in which market structure, and thefirm-size distribution in particular, responds to technological change. The authors' analysis relieson traditional theories of industrial organization and tests existing hypotheses, many of thempreviously untested due to data constraints.Innovation and Small Firms brings together two largedata bases recently released by the U. S. Small Business Administration - one directly measuringinnovative activity for large and small firms, the other providing a detailed census of economicactivity for all manufacturing firms and plants across a broad spectrum of industries.Acs andAudretsch 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 firmsize. They compare static and dynamic measures of small-firm viability and address the relationshipsbetween R&D, innovation, and productivity, and analyze the interaction between technologicalregimes and the role of government in innovation.Zoltan Acs is an Associate Professor of Economicsat the Merrick School of Business, the University of Baltimore. David Audretsch is a Research Fellowat the Wissenschaftszentrum Berlin für Sozialforschung in West Berlin.
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The Innovation and Firm Size Data Bases
Innovation Market Structure and Firm Size
The Presence of Small Firms
Entry Market Structure and Innovation
Flexible Technology and the Size Distribution of Firms