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The Conversation
The Conversation
Lachlan Vass, Fellow, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University

Young businesses create 6 in 10 new jobs in Australia – far more than established firms

Chris Putnam/Future Publishing via Getty Images

Governments of all stripes provide support to small businesses in the form of tax concessions, lighter-touch regulation or government grants. They’re called the “engine room” of the economy. But is small really best?

In recent research, my co-authors and I explored this question by looking at the contributions that firms of different ages and size make to the economy.

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