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Small and Medium Enterprises: A Cross-Country Analysis with a New Data Set

32 Pages Posted: 20 Apr 2016  

Oya Pinar Ardic

World Bank

Nataliya Mylenko

World Bank - Financial and Private Sector Development

Valentina Saltane

The World Bank Group

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

Ardic, Oya Pinar and Mylenko, Nataliya and Saltane, Valentina, Small and Medium Enterprises: A Cross-Country Analysis with a New Data Set (January 1, 2011). World Bank Policy Research Working Paper No. 5538. Available at SSRN: https://ssrn.com/abstract=1747441

Oya Pinar Ardic (Contact Author)

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Nataliya Mylenko

World Bank - Financial and Private Sector Development ( email )

1818 H Street NW
Washington, DC 20433
United States

Valentina Saltane

The World Bank Group ( email )

1818 H St NW
Washington, DC 22201
United States

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