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Klappentext This 1999 collection examines the role of the entrepreneur in the development of the US economy. Zusammenfassung Why did the US economy move beyond its chief competitors? This 1999 collection suggests the pattern of divergent development was partly reliant upon the role of the entrepreneur. By examining the process that entrepreneurs play in the economy! these essays make a fundamental contribution to our understanding of the macroeconomy. Inhaltsverzeichnis Introduction and overview: 1. The linkages between entrepreneurship, SMEs and the macroeconomy Zoltan J. Acs, Bo Carlsson and Charlie Karlsson; Part I. Entrepreneurship, Industrial Dynamics and the Macroeconomy: 2. Entrepreneurship and the theory of the firm Mark Casson; 3. Entrepreneurship, and economic restructuring: an evolutionary view David Audretsch; 4. Business volatility: source or symptom of economic growth? Paul D. Reynolds; 5. Industry structure, entrepreneurship, and the macroeconomy: a comparison of Ohio and Sweden, 1975-1995 Pontus Braunerhjelm and Bo Carlsson; Part II. Financing Entrepreneurship and SMEs: 6. Small business cessation: failure to learn by doing? Robert Cressey; 7. Capital structure at inception and the short-run performance of micro firms Gavin C. Reid; 8. Resource allocation, incentives, and control: the importance of venture capital in financing entrepreneurial firms Paul A. Gompers; Part III. Job Creation and Destruction: 9. Job creation and destruction by employer size and age: cyclical dynamics John Haltiwanger; 10. SMEs and job creation during a recession Per Davidsson, Leif Lindmark and Christer Oloffson; 11. Job flows of firms in traditional services Luuk Klop and Roy Thurik; Part IV. Innovation, Productivity and Growth: 12. Innovation in UK SMEs: causes and consequences for firm failure and acquisition Andy Cosh, Alan Hughes and Eric Wood; 13. Productivity growth and firm size distribution Zoltan J. Acs, Randal Morck and Bernard Yeung....