NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

SMEs, Growth, and Poverty

Thorsten Beck, Asli Demirguc-Kunt, Ross Levine

NBER Working Paper No. 11224
Issued in March 2005
NBER Program(s):   EFG

This paper explores the relationship between the relative size of the Small and Medium Enterprise (SME) sector, economic growth, and poverty alleviation using a new database on the share of SME labor in the total manufacturing labor force. Using a sample of 45 countries, we find a strong, positive association between the importance of SMEs and GDP per capita growth. The data do not, however, confidently support the conclusions that SMEs exert a causal impact on growth. Furthermore, we find no evidence that SMEs alleviate poverty or decrease income inequality.

download in pdf format
   (303 K)

email paper

This paper is available as PDF (303 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w11224

Published: Beck, Thorsten, Asli Demirguc-Kunt and Ross Levine. "SMEs, Growth, And Poverty: Cross-Country Evidence," Journal of Economic Growth, 2005, v10(3,Sep), 199-229

Users who downloaded this paper also downloaded these:
Beck, Demirguc-Kunt, Laeven, and Levine w10983 Finance, Firm Size, and Growth
Cull, Davis, Lamoreaux, and Rosenthal w11695 Historical Financing of Small- and Medium-Sized Enterprises
Hall, Lotti, and Mairesse w14594 Innovation and Productivity in SMEs: Empirical Evidence for Italy
Beck, Demirguc-Kunt, and Levine w10979 Finance, Inequality, and Poverty: Cross-Country Evidence
Demirguc-Kunt and Levine w15275 Finance and Inequality: Theory and Evidence
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us