Improving transport -> larger firms; evidence from Boston streetcar electrification 1885-1905 & mom-n-pop stores http://econweb.ucsd.edu/~wyou/pdfs/WeiYouJMP.pdf …
think the data says more about Boston--tiny firms and shops proliferate in Japanese cities despite far better transportation
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small businesses can't do everything, sure, but they're usually where large businesses come from...
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I suspect that Japan has fixed effects driving smaller & familier firms & shocks would have similar direction, diff impact
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+ mom n pop firms don't seem to be the type that grow into huge value generators but am not expert here
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in US at least it's *young*, not so much small, biz that generates economic & job growth http://www.nber.org/papers/w16300
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more relevant than size, yeah--but younger businesses tend to be smaller too, no?
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well they *start* that way sure, but those high growth firms are rarely "mom and pop"-type operations
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right, right; "mom and pop" is a misleading label
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yes, but still my point is there are important ex ante differences between small firms.. most "small biz" don't have+
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