Beautiful but Costly
Business Costs in Small Economies
L. Alan Winters
School of Social Sciences
University of Sussex
Brighton
East Sussex, BN1 9SN
UK
Tel: 01273 877273
Email: L.A.Winters@sussex.ac.uk
Centre for Economic Policy Research, London
and
Centre for Economic Performance, London School of Economics
Pedro M. G. Martins
School of Social Sciences
University of Sussex
Brighton
East Sussex, BN1 9SN
UK
Email: P.M.G.Martins@sussex.ac.uk
COMPLETE FIRST DRAFT – July 2003
This study was supported by the Commonwealth Secretariat to whom we are most grateful. We
also thank Anna Yartseva who did most of the electronic data preparation, Mohammad Razzaque
and Elroy Turner who co-ordinated the initial data collection, and to Roman Grynberg, .... for
comment on an earlier draft. Thanks are also due to Reto Speck who provided excellent logistical
support. Naturally the views expressed are the authors’ alone and may not be shared by their
employers or sponsors.
Index
Executive Summary
Chapter I. Introduction
Chapter II. The Conceptual Building Blocks
Chapter III. The Business Cost Data
Chapter IV. The Costs of Smallness
Chapter V. Costs in Three Example Industries
Chapter VI. Smallness and Policy
Chapter VII. Conclusion