TY - JOUR
T1 - Shining a spotlight on small rural businesses
T2 - How does their performance compare with urban?
AU - Phillipson, Jeremy
AU - Tiwasing, Pattanapong
AU - Gorton, Matthew
AU - Maioli, Sara
AU - Newbery, Robert
AU - Turner, Roger
PY - 2019/5/1
Y1 - 2019/5/1
N2 - Rural enterprises play an important economic role, contributing to national prosperity and wellbeing but are often a blind spot within rural development and wider economic policies and evidence. This paper presents an urban-rural analysis of a large scale survey of Small and Medium-sized Enterprises (SMEs). It applies Propensity Score Matching to allow for an assessment of the effects of rurality on business performance. Results show that England's rural firms have similar levels of turnover to their urban counterparts, but are more likely to report a profit. The analysis also reveals rural firms to be significantly stronger exporters of goods and services and to have goods or services suitable for exporting. However, there are some weaknesses and obstacles to business success that concern significantly more rural than urban firms, that vary with the rurality of local districts, and which require the attention of policy makers and support providers seeking to achieve spatially-balanced and more equitable economic development.
AB - Rural enterprises play an important economic role, contributing to national prosperity and wellbeing but are often a blind spot within rural development and wider economic policies and evidence. This paper presents an urban-rural analysis of a large scale survey of Small and Medium-sized Enterprises (SMEs). It applies Propensity Score Matching to allow for an assessment of the effects of rurality on business performance. Results show that England's rural firms have similar levels of turnover to their urban counterparts, but are more likely to report a profit. The analysis also reveals rural firms to be significantly stronger exporters of goods and services and to have goods or services suitable for exporting. However, there are some weaknesses and obstacles to business success that concern significantly more rural than urban firms, that vary with the rurality of local districts, and which require the attention of policy makers and support providers seeking to achieve spatially-balanced and more equitable economic development.
KW - Aspirations
KW - Business performance
KW - England
KW - Propensity score matching
KW - SMEs
KW - Urban-rural businesses
UR - http://www.scopus.com/inward/record.url?scp=85054124845&partnerID=8YFLogxK
U2 - 10.1016/j.jrurstud.2018.09.017
DO - 10.1016/j.jrurstud.2018.09.017
M3 - Article
AN - SCOPUS:85054124845
SN - 0743-0167
VL - 68
SP - 230
EP - 239
JO - Journal of Rural Studies
JF - Journal of Rural Studies
ER -