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Small business: Digital growth

Author: PricewaterhouseCoopers
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Small businesses and the economy generally, can realise significant benefits by embracing mobile and internet technologies to transform their operations. Powered by PwC’s Geospatial Economic Model (GEM), the report shows that small businesses can unlock an additional

49.2 billion of private sector output over the next ten years by making better use of these technologies. In each State and Territory across Australia, small businesses have the potential to help grow the economy. The economy of each State and Territory is underpinned by different economic drivers. As a result, each has opportunities to contribute differently. Looking at this same figure in geographic terms, nationally every Federal electorate would contribute almost

327.7 million of economic output over the next ten years (or approximately $33 million per year). This would be roughly the same as a significant capital project like a major roadway or a hospital update. And the benefits are not limited to large businesses, tech-companies, or those based in capital cities. Small and medium businesses across a wide range of industries and locations stand to benefit. GEM provides unparalleled insights into where potential economic gains are located. For the first time, an economic analysis allows us to explore where potential economic gains are located, down to every State/Territory and Federal electorate. PWC\u27s modelling shows that while all regions and industries have much to gain, some have more to gain than others. For example, 53% of the potential economic benefit can be made by small businesses located outside Australia’s inner metropolitan centres. Furthermore, 17% of Federal electorates (or 25 of the 150) could account for 50% of the potential private sector boost to the economy

Analysis and Policy Observatory (APO)

An International Comparison of Small Business Employment

Author: John Schmitt
Nathan Lane
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Contrary to popular perceptions, the United States has a much smaller small-business sector (as a share of total employment) than other countries at a comparable level of economic development, according to this new CEPR report. The authors observe that the undersized U.S. small business sector is consistent with the view that high health care costs discourage small business formation, since start-ups in other countries can tap into government-funded health care systems.small business, employment, health care

Research Papers in Economics