Small Firms in the UK

C. Pratten

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: This paper traces the contribution of small firms after the Industrial Revolution and the reasons for the changing role of small firms. The first three sections outline perceptions of the role of small firms in the literature, summarise data quantifying their actual contribution to the UK economy, and provide a concise comparison of their changing contribution in relation to Japan, Italy and the US. The main part of the paper describes the contribution of small firms in five industries: machine tools; woollen textiles; instruments; pharmaceuticals; and the paper-converting industry. Finally, some developments in other sectors of the economy are outlined.

Date: 1997-01
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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:9713

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