Generating Economic Growth – How Governments can Help Successfully

Abstract

This article points out challenges that have arisen in the current economic situation, discusses the success of export orientated and Small and Medium Enterprise (SME) dominated countries such as Germany, analyses companies' specific financing needs, and examines how governments can successfully support growth in their economies without creating additional direct fiscal burdens.

Supply and Demand Matching of Financial Support Policies for Private Enterprises Based on Text Measurement

“…By studying the US government's experience in financial support for SMEs, Bradford and Chao Chen find that government credit guarantees could play an important role in improving the financing conditions of SMEs [5]. Klasen and Andreas think that tough market environment is a severe challenge for SMEs and the government can help SMEs improve their R&D and innovation capacity by introducing financial support policies [6]. Based on the World Bank's survey data of 119 developing countries' enterprises, Wang finds that financing is the biggest obstacle to the development of SMEs and the government's guarantee could increase banks' willingness to lend to SMEs [7].…”