Role of Microenterprises in recovering U.S. Economy- Post 2008 Financial Crisis

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.