The purpose of this paper is to present empirical findings and interpretations concerning the role of small and new firms for job creation and economic well-being from a regional perspective. More specifically, we will deal with the following questions: • Are small firms over-represented as...

Davis, Haltiwanger & Schuh (1993; 1996) suggested that the belief that small firms are major contributors of new jobs is largely based on methodological flaws. In particular, their reasoning about the "regression fallacy", i.e., that temporary fluctuations in size systematically biases estimates in...

This paper reports on a comprehensive study of the role of SMEs for job creation and regional economic well-being in Sweden during the 1990-93 recession period as well as the years immediately preceding and following that period. It is found that SMEs were over-represented as job creators across...

This chapter argues that evolutionary economics should be founded upon complex systems theory rather than neo-Darwinian analogies concerning natural selection, which focus on supply side considerations and competition amongst firms and technologies. It suggests that conceptions such as...

This paper constructs a model where entrepreneurial innovations are sold into oligopolistic industries and where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We first show that aggressive development of a basic innovation by better informed...