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Obstacles to growth for small and medium enterprises in Turkey

Author

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  • Seker, Murat
  • Correa, Paulo Guilherme

Abstract

Many studies have shown that firm growth decreases monotonically with size and age. In this study, the authors investigate employment growth of firms in Turkey with an emphasis on small and medium size enterprises. In Turkey, small and medium size enterprises account for almost 77 percent of employment and play a crucial role in the economy. However, the analysis of firm dynamics in Turkey shows that medium-size firms (51-250 workers) are theslowest growing group in the economy. Moreover, small and medium size enterprises grow at a slower rate in Turkey than in several comparator countries in the Eastern Europe and Central Asia region. After determining this irregularity, the paper analyzes how the investment climate affects firm growth and finds that improved access to finance is the most important factor that significantly increases firm growth rates.

Suggested Citation

  • Seker, Murat & Correa, Paulo Guilherme, 2010. "Obstacles to growth for small and medium enterprises in Turkey," Policy Research Working Paper Series 5323, The World Bank.
  • Handle: RePEc:wbk:wbrwps:5323
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    Citations

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    Cited by:

    1. Nurrachmi, Rininta Nurrachmi & Abd Samad, Khairunnisa & Foughali, Ibrahim, 2012. "The Development of SMEs in Turkey," MPRA Paper 46817, University Library of Munich, Germany.
    2. Mosharref Hossain & Yusnidah Ibrahim & Mohan Uddin, 2016. "Towards the Factors affecting Small Firm Growth: Review of Previous Studies," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(5), pages 217-235, May.

    More about this item

    Keywords

    Microfinance; Achieving Shared Growth; Small Scale Enterprise; Access to Finance; Emerging Markets;

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