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EU-Investitionsförderung für kleine und mittlere Unternehmen in Südeuropa: empfehlenswert?

Author

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  • Bernhard Forstner
  • Ulrich Koester

Abstract

The president of the European Parliament, Martin Schulz, has repeatedly pointed out that small- and medium-sized enterprises (SMEs) face major constraints to access to credit and that removing these constraints could contribute to reducing unemployment. According to press reports, the new president of the EU Commission and even the European Central Bank are also considering low-cost loans for national banks if they provide credit for SMEs. It is argued theoretically and empirically that single-firm investment support does not address the causes of high unemployment and, due to the difficulty in monitoring, could result in great inefficiencies. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Bernhard Forstner & Ulrich Koester, 2014. "EU-Investitionsförderung für kleine und mittlere Unternehmen in Südeuropa: empfehlenswert?," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 94(9), pages 666-670, September.
    • Handle: RePEc:spr:wirtsc:v:94:y:2014:i:9:p:666-670
    DOI: 10.1007/s10273-014-1731-5
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    Keywords

    H3; H5;

    JEL classification:

    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • H5 - Public Economics - - National Government Expenditures and Related Policies

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