Small and Medium Enterprises : A Cross-Country Analysis with a New Data Set
In the aftermath of the global financial crisis of 2008-2009, there has been an increased interest in the role of small and medium enterprises in job creation and economic growth. However the lack of consistent indicators at the country level restr...
| Main Authors: | , , |
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| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110118141007 http://hdl.handle.net/10986/3309 |
| Summary: | In the aftermath of the global financial
crisis of 2008-2009, there has been an increased interest in
the role of small and medium enterprises in job creation and
economic growth. However the lack of consistent indicators
at the country level restricts extensive cross-country
analyses of lending to small and medium enterprises. This
paper introduces a new dataset to fill this gap in the small
and medium enterprise data landscape. In addition, it
provides the first set of results of analyses with this new
dataset, predicting the global small and medium enterprise
lending volume to be $10 trillion. The bulk of this volume,
70 percent, is in high-income countries. On average, small
and medium enterprise loans constitute 13 percent of gross
domestic product in developed countries and 3 percent in
developing countries. Note that although a unique small and
medium enterprise definition does not exist, differences in
definitions across countries are not statistically
significant in explaining the differences in small and
medium enterprise lending volumes. |
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