The role and importance of the small business sector in the economic development of the Mazowieckie Province

Abstract

The goal of the study is the examination of the impact of the small business sector on the
local economic growth in the Mazowieckie Province. The research proves that the increase in the
numbers of operating and newly registered small enterprises contributes positively to the county
economic development measured with the total value and the per capita value of traded production
generated by locally operating enterprises, as well as the number of their employees. Additionally the
increase in realized capital expenditures and the province GDP positively impact the county’s economic
development. The study is based on data from the Local Data Bank of GUS and covers all
counties (excluding the capital city of Warsaw) in the province during the period 2003-2014.