International practices of supporting small and medium-sized enterprises’ (SMEs’) in times of coronavirus pandemic crisis

Анализ международного опыта поддержки малых и средних предприятий в кризисные периоды на примере пандемии коронавируса

Barinova, Vera (Баринова, Вера) () and Pavel Levakov ()
Additional contact information
Barinova, Vera (Баринова, Вера): The Russian Presidential Academy of National Economy and Public Administration

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: The small and medium-sized businesses (SMEs) are the most vulnerable in times of crisis due to their scarce resources: financial, human, information etc., that is why the issues of providing support to entrepreneurs are relevant during crisis. The analysis of SMEs’ support international practices during recent economic crisis caused by COVID-19 infection might be used to form new approaches to supporting entrepreneurship in times of crises in Russia. The scientific novelty of the study lies in the analysis of foreign practices of supporting SMEs during the recent COVID-19 crisis. The purpose of this article is to summarize international experience in supporting SMEs in times of crisis. For this, the following objectives were set: the analysis of institutional, fiscal, monetary and regional measures of supporting entrepreneurs during the pandemic, as well as the analysis of the empirical works that access their effectiveness. General scientific methods are applied - generalizations, comparisons, synthesis, inductive approach. The authors come to the following conclusions: In response to the economic crisis caused by coronavirus, many countries have taken comprehensive measures to support small and medium-sized businesses; the most common are fiscal support measures, which include grants for entrepreneurs, direct investment, finance guarantees, temporary reimbursement of expenses and temporary tax holidays for entrepreneurs. According to the first empirical evidence, the most significant positive effect is caused by measures aimed at reducing the tax burden on entrepreneurs and compensating for their operating expenses.

Keywords: small and medium entrepreneurship; economic crisis; international practices; COVID-19; government support; anti-crisis policy (search for similar items in EconPapers)
JEL-codes: H12 H25 J78 L26 L52 O57 (search for similar items in EconPapers)
Pages: 53 pages
Date: 2023-07-27
New Economics Papers: this item is included in nep-cis and nep-sbm
References: Add references at CitEc
Citations:

Downloads: (external link)
https://repec.ranepa.ru/rnp/wpaper/w20220244.pdf
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rnp:wpaper:w20220244

Access Statistics for this paper

More papers in Working Papers from Russian Presidential Academy of National Economy and Public Administration Contact information at EDIRC.
Bibliographic data for series maintained by RANEPA maintainer ().