A Market-Oriented Strategy for Small and Medium Scale Enterprises

K. Hallberg

Working Papers from World Bank - International Finance Corporation

Abstract: This paper investigates the economic rationale for intervention in support of small- and medium-scale enterprises, on both theoretical and empirical grounds. It argues that the justification for SME interventions lies in market and institutional failures that bias the size distribution of firms, rather than on any inherent economic benefits provided by small firms.

Keywords: SIZE OF ENTERPRISE; MARKET STRUCTURE (search for similar items in EconPapers)
JEL-codes: D40 L11 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2000
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Citations: View citations in EconPapers (52)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:wobafi:40

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