1.9. NOTES
[] Estimate based on GEM Adult Population Surveys. www.gemconsortium.org.
[] Small Business Administration. Frequently Asked Questions. www.sba.gov/advo.
[] Schumpeter, J. A. The Theory of Economic Development Cambridge, MA: Harvard University Press. 1934. (This book was originally published in German in 1911.)
[] Maddison, A. Phases of Capitalist Development. New York, NY: Oxford University Press. 1989. Baumol, W. J. Entrepreneurship and a Century of Growth. Journal of Business Venturing, 1(2): 141–145. 1986.
[] SBA Office of Advocacy. Frequently Asked Questions. September 2009. www.sba.govg/advo.
[] For the Small Business Administration definitions of small business refer to http://www.sba.gov/gopher/Financial-Assistance/Defin/defi4.txt.
[] This is based on GDPs and actual currency exchange rates in 2004.
[] Small Business Administration. Frequently Asked Questions. http://web.sba.gov/faqs/faqindex.cfm?areaID=24.
[] www.nvca.org/pdf/VentureImpact2004.pdf based on the data from National Science Foundation (NSF), R&D in Industry: 1991–2000, Tables A3 and A4; NSF, Preliminary Release, 2001 and 2002, Tables A3 and A4; NSF, Infobrief: U.S. R&D Projected to Have Grown Marginally in 2003.
[] The Shape of Small Business. www.nfib.com/object/PolicyGuide2.html.
[] It is impossible to establish a precise upper limit because many new ventures are abandoned very soon after they are started and never get entered into any data set that tracks startups.