Small and Medium Enterprises: A Cross-Country Analysis with a New Data Set
32 Pages Posted: 20 Apr 2016
Date Written: January 1, 2011
Abstract
In the aftermath of the global financial crisis of 2008-2009, there has been an increased interest in the role of small and medium enterprises in job creation and economic growth. However the lack of consistent indicators at the country level restricts extensive cross-country analyses of lending to small and medium enterprises. This paper introduces a new dataset to fill this gap in the small and medium enterprise data landscape. In addition, it provides the first set of results of analyses with this new dataset, predicting the global small and medium enterprise lending volume to be $10 trillion. The bulk of this volume, 70 percent, is in high-income countries. On average, small and medium enterprise loans constitute 13 percent of gross domestic product in developed countries and 3 percent in developing countries. Note that although a unique small and medium enterprise definition does not exist, differences in definitions across countries are not statistically significant in explaining the differences in small and medium enterprise lending volumes.
Keywords: Access to Finance, Banks & Banking Reform, Debt Markets, Microfinance, Bankruptcy and Resolution of Financial Distress
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Small and Medium Enterprises Across the Globe: A New Database
By Meghana Ayyagari, Asli Demirgüç-kunt, ...
-
Bank Financing for SMEs around the World: Drivers, Obstacles, Business Models, and Lending Practices
By Thorsten Beck, Asli Demirgüç-kunt, ...
-
Bank Financing to Small and Medium-Sized Enterprises (SMEs) in Colombia
-
The Typology of Partial Credit Guarantee Funds Around the World
By Thorsten Beck, Leora F. Klapper, ...
-
By Roberto De Rezende Rocha, Subika Farazi, ...
-
Government Loan, Guarantee, and Grant Programs: An Evaluation
By Wenli Li
-
Access and Risk - Friends or Foes? Lessons from Chile
By Osvaldo Adasme, Giovanni Majnoni, ...
-
Small and Medium Enterprises, Growth, and Poverty: Cross-Country Evidence
By Asli Demirgüç-kunt, Thorsten Beck, ...
-
A Review of Credit Guarantee Schemes in the Middle East and North Africa Region
By Youssef Saadani, Zsofia Arvai, ...