Template-Type: ReDIF-Paper 1.0
Author-Name: Swapnil Singh
Author-X-Name-First: Swapnil
Author-X-Name-Last: Singh
Author-Email: ssingh@lb.lt
Author-Workplace-Name: Bank of Lithuania

Title: Evolution of Small and Medium Enterprises in Lithuania Over the Period 2004–2024
Abstract: This article analyzes Small and Medium Enterprise (SMEs) employment dynamics in Lithuania from 2004 to 2024, with particular attention to spatial patterns at the municipality level. I document employment polarization within the TDS enterprise panel: while total sample employment grew, SMEs employment share declined by approximately ten percentage points, driven primarily by contraction in medium-sized enterprises. Meanwhile, micro firm-year counts expanded rapidly while average employment per micro firm declined sharply, a pattern consistent with very small-scale activity, formalization, self-employment, or tax/legal-form sorting. Geographic analysis reveals stark regional divergences.

Classification-JEL: J21, L25, L26, R11
Keywords: small and medium-sized enterprises, employment polarization, firm size distribution, regional disparities, Lithuania,

Length:  37 pages
Number: 62
Note:
Creation-date: 2026-07-24
Price: Free
Publication-Status: 
File-URL: https://www.lb.lt/uploads/publications/docs/74979_9139bc24b0b7995ba248c617f04f7f0d.pdf
File-Format: Application/PDF
File-Function: Full text
Handle: RePEc:lie:opaper:62