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Unleashing the Export Potential of SMEs in Greece

Author

Listed:
  • Iota Kaousar Nassr

    (OECD)

  • Virginia Robano

    (OECD)

  • Gert Wehinger

    (OECD)

Abstract

Despite Greece’s long history as a trading nation, the country is failing to live up to its export potential. Small and medium-sized enterprises (SMEs) could significantly contribute to strengthening Greece’s export performance, thereby helping to jump-start economic growth and job creation as well as improving the sustainability of fiscal and external accounts. This paper explores aspects of the business, financial and regulatory environment that impede the greater involvement of SMEs in export activity. The paper also discusses the potential role of a development bank and stresses the importance of more R&D and innovation, the need to develop venture and other equity capital financing, and the need to build stronger links and networks between universities and industry. It draws some policy conclusions and suggests policy measures in the areas of finance, regulation, R&D and innovation.

Suggested Citation

  • Iota Kaousar Nassr & Virginia Robano & Gert Wehinger, 2016. "Unleashing the Export Potential of SMEs in Greece," OECD Working Papers on Finance, Insurance and Private Pensions 41, OECD Publishing.
  • Handle: RePEc:oec:dafaad:41-en
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    File URL: https://doi.org/10.1787/5jm0qgt464f6-en
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    More about this item

    Keywords

    business environment; development banks; entrepreneurship; export performance; small and medium-sized enterprises;

    JEL classification:

    • F1 - International Economics - - Trade
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F6 - International Economics - - Economic Impacts of Globalization
    • G2 - Financial Economics - - Financial Institutions and Services
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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