Download This PaperEffects of Small Business Support Projects: Evidence from Korea
KDI Journal of Economic Policy 2020, 42(1):1–30
31 Pages Posted: 10 Apr 2020
Date Written: February 28, 2020
Abstract
On average, small business support projects appear to improve beneficiary sales, and the growth effect is obvious when supporting young or growing firms. However, the effect is largely offset by sales reductions due to overcrowding. Small business support projects must be operated in two ways to alleviate the overcrowding of businesses in a few industries and to enhance the overall effectiveness of the support programs.
Keywords: Small Business Owner, SME, Support Policy, Support Project, Overcrowding
JEL Classification: C13, D40, L10, L20
Suggested Citation: Suggested Citation
Jinkook Lee (Contact Author)
Korea Development Institute (KDI) ( email )
263 Namsejong-ro
Sejong-si 30149
Korea, Republic of (South Korea)