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...

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Main Authors:	Ayyagari, Meghana, Demirguc-Kunt, Asli, Maksimovic, Vojislav
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ADVERSE CONSEQUENCES AGE GROUPS AGGREGATE EMPLOYMENT BUSINESS CLIMATE BUSINESS ENVIRONMENT CAPITAL MARKETS COMPANY CONGLOMERATE CORPORATION COUNTRY DUMMIES CREATING JOBS CREATION OF JOBS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPMENT ECONOMICS ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMICS EMPLOYMENT EMPLOYMENT GENERATION EMPLOYMENT GROWTH EMPLOYMENT GROWTH RATES EMPLOYMENT LEVELS EMPLOYMENT SHARE ENTREPRENEURSHIP EXTERNAL FINANCE FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL STATEMENTS FIRM GROWTH FIRM LEVEL FIRM SIZE FIRMS FREE PRESS GROWTH RATE INCOME INCOME GROUP INCOME GROUPS INFORMAL ECONOMY INFORMAL SECTOR INNOVATION INSTITUTIONAL CONSTRAINTS INVESTMENT CLIMATE JOB CREATION JOB CREATION RATES JOB DESTRUCTION JOB GAIN JOB GAINS JOB GENERATION JOBS JUDICIAL SYSTEMS LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LEGAL CONSTRAINTS LEGAL ENFORCEMENT LICENSING MANUFACTURING INDUSTRIES MARKET STANDARDS MEDIUM ENTERPRISES MERGERS MINIMUM WAGES NET EMPLOYMENT NET JOB CREATION NET JOB LOSS NET JOB LOSSES OUTPUT POLITICAL ECONOMY PORTFOLIOS PRIMARY OBJECTIVE PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR GROWTH PRODUCTIVITY GROWTH PRODUCTIVITY REGRESSIONS PROPERTY RIGHTS REINVESTMENT SAFETY SAFETY STANDARDS SALES GROWTH SMALL BUSINESS SMALL BUSINESSES SMALL FIRM SMALL FIRMS SME SME SECTOR SME STATISTICS STARTUPS TAX TOTAL EMPLOYMENT TURNOVER VENTURE CAPITAL WORKERS WORKING HOURS
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

id	okr-10986-3397
recordtype	oai_dc
spelling	okr-10986-33972021-04-23T14:02:09Z Small vs. Young Firms across the World : Contribution to Employment, Job Creation, and Growth Ayyagari, Meghana Demirguc-Kunt, Asli Maksimovic, Vojislav ADVERSE CONSEQUENCES AGE GROUPS AGGREGATE EMPLOYMENT BUSINESS CLIMATE BUSINESS ENVIRONMENT CAPITAL MARKETS COMPANY CONGLOMERATE CORPORATION COUNTRY DUMMIES CREATING JOBS CREATION OF JOBS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPMENT ECONOMICS ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMICS EMPLOYMENT EMPLOYMENT GENERATION EMPLOYMENT GROWTH EMPLOYMENT GROWTH RATES EMPLOYMENT LEVELS EMPLOYMENT SHARE ENTREPRENEURSHIP EXTERNAL FINANCE FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL STATEMENTS FIRM GROWTH FIRM LEVEL FIRM SIZE FIRMS FREE PRESS GROWTH RATE INCOME INCOME GROUP INCOME GROUPS INFORMAL ECONOMY INFORMAL SECTOR INNOVATION INSTITUTIONAL CONSTRAINTS INVESTMENT CLIMATE JOB CREATION JOB CREATION RATES JOB DESTRUCTION JOB GAIN JOB GAINS JOB GENERATION JOBS JUDICIAL SYSTEMS LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LEGAL CONSTRAINTS LEGAL ENFORCEMENT LICENSING MANUFACTURING INDUSTRIES MARKET STANDARDS MEDIUM ENTERPRISES MERGERS MINIMUM WAGES NET EMPLOYMENT NET JOB CREATION NET JOB LOSS NET JOB LOSSES OUTPUT POLITICAL ECONOMY PORTFOLIOS PRIMARY OBJECTIVE PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR GROWTH PRODUCTIVITY GROWTH PRODUCTIVITY REGRESSIONS PROPERTY RIGHTS REINVESTMENT SAFETY SAFETY STANDARDS SALES GROWTH SMALL BUSINESS SMALL BUSINESSES SMALL FIRM SMALL FIRMS SME SME SECTOR SME STATISTICS STARTUPS TAX TOTAL EMPLOYMENT TURNOVER VENTURE CAPITAL WORKERS WORKING HOURS 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. 2012-03-19T18:01:45Z 2012-03-19T18:01:45Z 2011-04-01 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 English Policy Research working paper ; no. WPS 5631 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ADVERSE CONSEQUENCES AGE GROUPS AGGREGATE EMPLOYMENT BUSINESS CLIMATE BUSINESS ENVIRONMENT CAPITAL MARKETS COMPANY CONGLOMERATE CORPORATION COUNTRY DUMMIES CREATING JOBS CREATION OF JOBS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPMENT ECONOMICS ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMICS EMPLOYMENT EMPLOYMENT GENERATION EMPLOYMENT GROWTH EMPLOYMENT GROWTH RATES EMPLOYMENT LEVELS EMPLOYMENT SHARE ENTREPRENEURSHIP EXTERNAL FINANCE FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL STATEMENTS FIRM GROWTH FIRM LEVEL FIRM SIZE FIRMS FREE PRESS GROWTH RATE INCOME INCOME GROUP INCOME GROUPS INFORMAL ECONOMY INFORMAL SECTOR INNOVATION INSTITUTIONAL CONSTRAINTS INVESTMENT CLIMATE JOB CREATION JOB CREATION RATES JOB DESTRUCTION JOB GAIN JOB GAINS JOB GENERATION JOBS JUDICIAL SYSTEMS LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LEGAL CONSTRAINTS LEGAL ENFORCEMENT LICENSING MANUFACTURING INDUSTRIES MARKET STANDARDS MEDIUM ENTERPRISES MERGERS MINIMUM WAGES NET EMPLOYMENT NET JOB CREATION NET JOB LOSS NET JOB LOSSES OUTPUT POLITICAL ECONOMY PORTFOLIOS PRIMARY OBJECTIVE PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR GROWTH PRODUCTIVITY GROWTH PRODUCTIVITY REGRESSIONS PROPERTY RIGHTS REINVESTMENT SAFETY SAFETY STANDARDS SALES GROWTH SMALL BUSINESS SMALL BUSINESSES SMALL FIRM SMALL FIRMS SME SME SECTOR SME STATISTICS STARTUPS TAX TOTAL EMPLOYMENT TURNOVER VENTURE CAPITAL WORKERS WORKING HOURS
spellingShingle	ADVERSE CONSEQUENCES AGE GROUPS AGGREGATE EMPLOYMENT BUSINESS CLIMATE BUSINESS ENVIRONMENT CAPITAL MARKETS COMPANY CONGLOMERATE CORPORATION COUNTRY DUMMIES CREATING JOBS CREATION OF JOBS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPMENT ECONOMICS ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMICS EMPLOYMENT EMPLOYMENT GENERATION EMPLOYMENT GROWTH EMPLOYMENT GROWTH RATES EMPLOYMENT LEVELS EMPLOYMENT SHARE ENTREPRENEURSHIP EXTERNAL FINANCE FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL STATEMENTS FIRM GROWTH FIRM LEVEL FIRM SIZE FIRMS FREE PRESS GROWTH RATE INCOME INCOME GROUP INCOME GROUPS INFORMAL ECONOMY INFORMAL SECTOR INNOVATION INSTITUTIONAL CONSTRAINTS INVESTMENT CLIMATE JOB CREATION JOB CREATION RATES JOB DESTRUCTION JOB GAIN JOB GAINS JOB GENERATION JOBS JUDICIAL SYSTEMS LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LEGAL CONSTRAINTS LEGAL ENFORCEMENT LICENSING MANUFACTURING INDUSTRIES MARKET STANDARDS MEDIUM ENTERPRISES MERGERS MINIMUM WAGES NET EMPLOYMENT NET JOB CREATION NET JOB LOSS NET JOB LOSSES OUTPUT POLITICAL ECONOMY PORTFOLIOS PRIMARY OBJECTIVE PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR GROWTH PRODUCTIVITY GROWTH PRODUCTIVITY REGRESSIONS PROPERTY RIGHTS REINVESTMENT SAFETY SAFETY STANDARDS SALES GROWTH SMALL BUSINESS SMALL BUSINESSES SMALL FIRM SMALL FIRMS SME SME SECTOR SME STATISTICS STARTUPS TAX TOTAL EMPLOYMENT TURNOVER VENTURE CAPITAL WORKERS WORKING HOURS Ayyagari, Meghana Demirguc-Kunt, Asli Maksimovic, Vojislav Small vs. Young Firms across the World : Contribution to Employment, Job Creation, and Growth
geographic_facet	The World Region The World Region
relation	Policy Research working paper ; no. WPS 5631
description	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.
format	Publications & Research :: Policy Research Working Paper
author	Ayyagari, Meghana Demirguc-Kunt, Asli Maksimovic, Vojislav
author_facet	Ayyagari, Meghana Demirguc-Kunt, Asli Maksimovic, Vojislav
author_sort	Ayyagari, Meghana
title	Small vs. Young Firms across the World : Contribution to Employment, Job Creation, and Growth
title_short	Small vs. Young Firms across the World : Contribution to Employment, Job Creation, and Growth
title_full	Small vs. Young Firms across the World : Contribution to Employment, Job Creation, and Growth
title_fullStr	Small vs. Young Firms across the World : Contribution to Employment, Job Creation, and Growth
title_full_unstemmed	Small vs. Young Firms across the World : Contribution to Employment, Job Creation, and Growth
title_sort	small vs. young firms across the world : contribution to employment, job creation, and growth
publishDate	2012
url	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
_version_	1764386917604917248

Small vs. Young Firms across the World : Contribution to Employment, Job Creation, and Growth

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