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This paper analyzes the importance of information technology (IT) in banking for entrepreneurship. To guide our empirical analysis, we build a parsimonious model of bank screening and lending that predicts that IT in banking can spur entrepreneurship by making it easier for startups to borrow...
Persistent link: https://www.econbiz.de/10012605121
effective engines of inclusive growth, a rethinking of the SME development strategy is needed that makes SMEs' digital … sized enterprises (SMEs) with a view to create jobs and achieve inclusive growth. But while the programs have helped … increase the number of enterprises, growth of SMEs continues to face barriers to growth. As a result, microenterprises …
Persistent link: https://www.econbiz.de/10012300586
Many small middle-income countries (SMICs) in sub-Saharan Africa (SSA) have experienced a moderation in growth in recent years. Although factor accumulation, most notably capital deepening, was crucial to the success of many SMICs historically, this growth model appears to have run its course....
Persistent link: https://www.econbiz.de/10010479340
While production of ICT equipment plays a subordinate role for economic growth in most of these countries, they do … benefit from capital deepening arising from falling prices of ICT equipment. Adapting established growth accounting approaches … to the data environment of low-income countries, we quantify the growth impacts of absorption of ICT equipment, finding …
Persistent link: https://www.econbiz.de/10014402819
Persistent link: https://www.econbiz.de/10010388731
Persistent link: https://www.econbiz.de/10010388836
). Firm-level SME data and sectoral corporate balance sheets show that many SMEs have faced structural challenges of high … conditions have been accommodative, credit growth has remained weak, especially for small and medium-sized enterprises (SMEs … leverage and low profitability. Moreover, the global financial crisis has weakened the financial position across SMEs …
Persistent link: https://www.econbiz.de/10012671534
We provide broad-based evidence of a firm size premium of total factor productivity (TFP) growth in Europe after the Global Financial Crisis. The TFP growth of smaller firms was more adversely affected and diverged from their larger counterparts after the crisis. The impact was progressively...
Persistent link: https://www.econbiz.de/10012487176
Promoting credit services to small and medium-size enterprises (SMEs) has been a perennial challenge for policy makers …. Furthermore, the fintech approach benefits SMEs that are smaller and in smaller cities, hence complementing the role of banks by …
Persistent link: https://www.econbiz.de/10012391582
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in … aggregate supply, productivity, and demand shocks. We estimate a large increase in the failure rate of SMEs under COVID-19 of …, Education, and Other Services are among the most affected sectors. The jobs at risk due to COVID-19 related SME business …
Persistent link: https://www.econbiz.de/10012391969