Scale Economies in Small Entrepreneurial Firms
AbstractFor a sample of small, entrepreneurial firms, subjective cost curve estimates are obtained by field work methods using an administered questionnaire and "show cards." They indicate the prevalence of static, short-run increasing returns up to maximal output for a wide range of products in manufactures, services, construction, and transport. The dynamic scale effect, measured over a three-year period, is less clear and suggests a slight average tendency to dynamic increasing returns. Finally, cross-section econometric estimates of production functions, with no restriction imposed on the degree of homogeneity, suggest a long-run tendency to decreasing returns. Copyright 1992 by Scottish Economic Society.
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Bibliographic InfoArticle provided by Scottish Economic Society in its journal Scottish Journal of Political Economy.
Volume (Year): 39 (1992)
Issue (Month): 1 (February)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0036-9292
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- Gavin C Reid, 1997. "The Development and Survival of New Small Businesses: Empirical Evidence for Scotland 1994-97," CRIEFF Discussion Papers 9712, Centre for Research into Industry, Enterprise, Finance and the Firm.
- Gavin C Reid, 1997. "Dynamics of Small Business Financial Structure," CRIEFF Discussion Papers 9722, Centre for Research into Industry, Enterprise, Finance and the Firm.
- Gavin C. Reid & Zhibin Xu, 2009.
"Entrepreneurial Orientation, Intangible Assets and Firm Growth: the impact of ‘Spirit and Material’ on the growth of Chinese private firms,"
CRIEFF Discussion Papers
0907, Centre for Research into Industry, Enterprise, Finance and the Firm.
- Reid, Gavin C & Xu, Zhibin, 2009. "Entrepreneurial Orientation, Intangible Assets and Firm Growth: the impact of ‘Spirit and Material’ on the growth of Chinese private firms," SIRE Discussion Papers 2009-32, Scottish Institute for Research in Economics (SIRE).
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