Small firms and economic growth in Europe

被引:17
作者
Carree M.A. [1 ]
Thurik A.R. [1 ]
机构
[1] Erasmus University Rotterdam, EIM Small Business and Consultancy
关键词
Economic Growth; European Country; Economic Activity; International Economic; Public Finance;
D O I
10.1007/BF02299356
中图分类号
学科分类号
摘要
Economic activity in manufacturing industries moved away from large firms toward small firms in many Organization for Economic Cooperation and Development countries during the last two decades. However, the speed of this industrial transJbrmation process has varied considerably across countries. This paper investigates the consequences of lagging behind in this restructuring process in manufacturing. A sample of 14 manufacturing industries in 13 European countries has been constructed for this purpose. It is found that, on average, the employment share of large firms in 1990 has a negative effect on output growth in the subsequent four-year period. This provides support for specific policies introduced during the 1980s in European countries stimulating small enterprises.
引用
收藏
页码:137 / 146
页数:9
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