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JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Role of Microenterprises in recovering U.S. Economy-Post 2008 Financial Crisis
Author(s): Radhika Jha, Tilokie Depoo
Citation: Radhika Jha, Tilokie Depoo, (2017) "Role of Microenterprises in recovering U.S. Economy-Post 2008 Financial Crisis," Journal of Applied Business and Economics, Vol. 19, Iss.3, pp. 9-28
Article Type: Research paper
Publisher: North American Business Press
Abstract:
The purpose of this study is to assess the impact of micro enterprises in employment and income generation post-2008 financial crisis in United States. The paper uses a causal correlation research design employing Linear Regression and Kernel Regression analysis. It establishes a stronger positive correlation between employment and income creation as measured by annual payroll for micro firms than that for other firm sizes. The paper suggests that developing micro-enterprises have proven return on investment, making a case for further initiatives by the government and development organizations. Findings from this study will provide useful information to shape economic development policies.
