- P-ISSN 2586-2995
- E-ISSN 2586-4130
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KDI Journal of Economic Policy. Vol. 42, No. 1, February 2020, pp. 1-30
https://doi.org/10.23895/kdijep.2020.42.1.1
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Effects of Small Business Support Projects: Evidence from Korea†
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 Code
C13, D40, L10, L20
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