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SMEs, Growth, and Poverty

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Author Info
Thorsten Beck
Asli Demirguc-Kunt
Ross Levine

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Abstract

This paper explores the relationship between the relative size of the Small and Medium Enterprise (SME) sector, economic growth, and poverty alleviation using a new database on the share of SME labor in the total manufacturing labor force. Using a sample of 45 countries, we find a strong, positive association between the importance of SMEs and GDP per capita growth. The data do not, however, confidently support the conclusions that SMEs exert a causal impact on growth. Furthermore, we find no evidence that SMEs alleviate poverty or decrease income inequality.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 11224.

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Date of creation: Mar 2005
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Handle: RePEc:nbr:nberwo:11224

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Find related papers by JEL classification:
O1 - Economic Development, Technological Change, and Growth - - Economic Development
O2 - Economic Development, Technological Change, and Growth - - Development Planning and Policy
L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Guner, Nezih & Ventura, Gustavo & Xu, Yi, 2007. "Macroeconomic Implications of Size-Dependent Policies," CEPR Discussion Papers 6138, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  2. Claessens, Stijn, 2005. "Access to financial services: a review of the issues and public policy objectives," Policy Research Working Paper Series 3589, The World Bank. [Downloadable!]
    Other versions:
  3. Alexander Coad & Jagannadha Pawan Tamvada, 2008. "The Growth and Decline of Small firms In Developing Countries," Papers on Economics and Evolution 2008-08, Max Planck Institute of Economics, Evolutionary Economics Group. [Downloadable!]
  4. Friedman, Felice B. & Grose, Claire, 2006. "Promoting access to primary equity markets : a legal and regulatory approach," Policy Research Working Paper Series 3892, The World Bank. [Downloadable!]
  5. Mojica, Maribel N. & Gebremedhin, Tesfa G. & Schaeffer, Peter V., 2009. "An Empirical Analysis Of The Link Between Entrepreneurship And Economic Growth In West Virginia," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46723, Southern Agricultural Economics Association. [Downloadable!]
  6. Vahe Lskavyan & Mariana Spatareanu, 2007. "Host Country’s Governance and the Size of Foreign Investors," Working Papers Rutgers University, Newark 2007-004, Department of Economics, Rutgers University, Newark. [Downloadable!]
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  7. Allen, Franklin & Chakrabarti, Rajesh & De, Sankar & Qian, Jun & Qian, Meijun, 2006. "Financing firms in India," Policy Research Working Paper Series 3975, The World Bank. [Downloadable!]
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