Financial Analytics: Science and Experience
 

Abstracting and Indexing

РИНЦ
Referativny Zhurnal VINITI RAS
Worldcat
Google Scholar

Online available

EBSCOhost
Eastview
Elibrary
Biblioclub

Archiving

Cyberleninka (12 month OA embargo)

The role of small business in employment: Evidence from the USA

Vol. 10, Iss. 3, MARCH 2017

PDF  Article PDF Version

Received: 21 December 2016

Received in revised form: 26 December 2016

Accepted: 1 March 2017

Available online: 15 March 2017

Subject Heading: Economic policy

JEL Classification: J21, O51

Pages: 343-356

https://doi.org/10.24891/fa.10.3.343

Petrovskaya N.E. Institute for USA and Canadian Studies of Russian Academy of Sciences, Moscow, Russian Federation
vitern@mail.ru

Importance The article reviews the significance of small businesses for creating and preserving jobs, and illustrates the USA where small businesses account for about a half of people employed in the private sector.
Objectives The research presents a comprehensive study into the role of small businesses in terms of job opportunities and preservation of the number of jobs.
Methods Drawing upon a systems approach, economic, statistical and logic methods, comparative analysis and initial sources, I reviewed what role small businesses played in employment in the USA.
Results I analyzed principal employment trends in small business during the global crisis and afterward. I found issues and difficulties employees of small businesses came across and specifics of the U.S. criteria used to classify any entity as a small business. The article evaluates the breakdown of employees of small businesses by industry and U.S. state.
Conclusions and Relevance Small businesses account for 49 percent of the employed in the U.S. private sector. There are some industries of the U.S. economy where small businesses prevail in terms of the number of jobs. Considering economic and social importance of small business, the USA provides comprehensive support to its development.

Keywords: small business, employees, global crisis, job number, employment

References:

  1. Prioritety nauchno-tekhnologicheskoi politiki SShA v nachale XXI v.: vzaimodeistvie gosudarstva i biznesa [Priorities of the U.S. scientific and technological policy in the early 21st century: the State–Business interaction]. Moscow, ISKRAN Publ., 2009, 83 p.
  2. Link A.N., Scott J.T. Employment Growth from Public Support of Innovation in Small Firms. Kalamazoo, W.E. Upjohn Institute for Employment Research, 2012, 189 p. doi: Link
  3. Gosudarstvo i biznes: strategiya vzaimodeistviya v ekonomike XXI v.: kollektivnaya monografiya [The State and business: the interaction strategy in economy in the 21st century: a collective monograph]. Moscow, ISKRAN Publ., 2012, 139 p.
  4. Petrovskaya N.E. [Unemployment: B. Obama's key problem]. SShA i Kanada: ekonomika, politika, kul'tura = USA v Canada: Economics – Politics – Culture, 2014, no. 2, pp. 57–66. (In Russ.)
  5. Petrovskaya N.E. [Issues of the youth employment in the USA]. Vestnik NGIEI = Bulletin NGII, 2016, no. 11, pp. 131–141. (In Russ.)
  6. Kozyr' N.S., Tolstov N.S. [Trade-off between monetary policy and economic growth rate]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2015, no. 12-1, pp. 84–90. (In Russ.)
  7. Lebedeva L.F. [Factors and mechanisms for ensuring social security in the beginning of the 21st century: the U.S. experience]. SShA i Kanada: ekonomika, politika, kul'tura = USA v Canada: Economics – Politics – Culture, 2016, no. 7, pp. 25–34. (In Russ.)
  8. Small-Business Owners Say Candidates Fail to Address Issues. Available at: Link.
  9. Starkova N.O. [Evaluating the organizational development of small business]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2015, no. 2, pp. 905–909. (In Russ)
  10. Zabolotskaya V.V., Listopad M.E. [Origins of financial resources of small businesses]. Vestnik Altaiskoi Akademii ekonomiki i prava = Bulletin of Altai Academy of Economics and Law, 2014, no. 2, pp. 73–77. (In Russ.)
  11. Shamin A.E., Il'icheva O.V. [Import substitution as an opportunity to develop small and medium-sized businesses in the agricultural sector]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2014, no. 12-4, pp. 889–891. (In Russ.)
  12. Generalov I.G., Suslov S.A. [Methodological approaches to evaluation of corporate competitiveness]. Vestnik NGIEI = Bulletin NGII, 2016, no. 9, pp. 31–38. (In Russ.)
  13. Shavandina I.V., Shamin E.A. [Developing the process of consumer cooperation]. Azimut nauchnykh issledovanii: ekonomika i upravlenie = ASR: Economics and Management, 2015, no. 4, pp. 67–73. (In Russ.)

View all articles of issue

 

ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

Journal current issue

Vol. 12, Iss. 1
March 2019

Archive