Premium
Access to Finance by Small and Medium Enterprises: a Cross‐Country Analysis with A New Data Set
Author(s) -
Ardic Oya Pinar,
Mylenko Nataliya,
Saltane Valentina
Publication year - 2012
Publication title -
pacific economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.34
H-Index - 33
eISSN - 1468-0106
pISSN - 1361-374X
DOI - 10.1111/j.1468-0106.2012.00596.x
Subject(s) - access to finance , small and medium sized enterprises , finance , financial crisis , set (abstract data type) , economics , business , data set , developing country , financial system , macroeconomics , economic growth , computer science , artificial intelligence , programming language
Access to finance has always been a challenge for small and medium enterprises ( SMEs ) , but the need to address this issue became more pronounced after the global financial crisis, as SMEs are perceived as engines of growth and job creation. However, lack of consistent indicators for SME finance at the country level restricts cross‐country analyses. The present paper introduces a supply‐side data set to fill this gap, and provides the first set of analyses with this new data set. Global SME lending volume is predicted as $US10tn, 70% of which is in high‐income OECD countries. On average, SME loans constitute 13 and 3% of GDP in developed and developing countries, respectively.