Obstacles to Growth for Small and Medium Enterprises in Turkey
Many studies have shown that firm growth decreases monotonically with size and age. In this study, the authors investigate employment growth of firms in Turkey with an emphasis on small and medium size enterprises. In Turkey, small and medium size...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100527130349 http://hdl.handle.net/10986/3809 |
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okr-10986-38092021-04-23T14:02:12Z Obstacles to Growth for Small and Medium Enterprises in Turkey Şeker, Murat Correa, Paulo Guilherme ACCESS TO EXTERNAL FINANCE ACCESS TO FINANCE ANNUAL GROWTH ANNUAL GROWTH RATE AVERAGE GROWTH AVERAGE GROWTH RATE BANK CREDIT BANKS BUSINESS ENVIRONMENT COLLATERAL COLLATERAL REQUIREMENTS COMMODITY COMMODITY EXCHANGES COMPARATOR COUNTRIES CORRUPTION CREDIT GUARANTEE CREDIT LINE DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS EARNINGS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMICS EMPLOYMENT EMPLOYMENT GROWTH EQUITIES EXCLUSION EXPANSION EXPLANATORY VARIABLES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FIRM GROWTH FIRM SIZE FIRMS FIXED EFFECTS FOREIGN OWNERSHIP GOVERNMENT OWNERSHIP GOVERNMENT REGULATION GROUP OF FIRMS GROWTH PROSPECTS GROWTH RATE GROWTH RATES HUMAN CAPITAL INCREASES GROWTH INTERNAL FUNDS INTERNATIONAL BANK INVESTMENT CLIMATE JOB CREATION LEGAL CONSTRAINTS LENDERS LICENSING LINE OF CREDIT LOAN LOAN APPLICATIONS MANUFACTURING INDUSTRIES MARKET STRUCTURE MEAN GROWTH MEDIUM ENTERPRISES MEDIUM SCALE ENTERPRISES MEDIUM SIZE ENTERPRISES MONEY LENDERS NEGATIVE EFFECT OBSTACLES TO GROWTH OVERDRAFT PANEL REGRESSIONS PERFORMANCE MEASURES POLICY PERSPECTIVE POLICY RESEARCH POLITICAL ECONOMY POLITICAL INSTABILITY POWER OUTAGE POWER OUTAGES PRIVATE SECTOR DEVELOPMENT SMALL FIRMS SME SME SECTOR STANDARD DEVIATION SUPPLIERS TAX TAX RATES UNION Many studies have shown that firm growth decreases monotonically with size and age. In this study, the authors investigate employment growth of firms in Turkey with an emphasis on small and medium size enterprises. In Turkey, small and medium size enterprises account for almost 77 percent of employment and play a crucial role in the economy. However, the analysis of firm dynamics in Turkey shows that medium-size firms (51-250 workers) are the slowest growing group in the economy. Moreover, small and medium size enterprises grow at a slower rate in Turkey than in several comparator countries in the Eastern Europe and Central Asia region. After determining this irregularity, the paper analyzes how the investment climate affects firm growth and finds that improved access to finance is the most important factor that significantly increases firm growth rates. 2012-03-19T18:40:12Z 2012-03-19T18:40:12Z 2010-05-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100527130349 http://hdl.handle.net/10986/3809 English Policy Research working paper ; no. WPS 5323 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper Europe and Central Asia Europe and Central Asia Middle East Europe Eastern Europe Asia Turkey |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO EXTERNAL FINANCE ACCESS TO FINANCE ANNUAL GROWTH ANNUAL GROWTH RATE AVERAGE GROWTH AVERAGE GROWTH RATE BANK CREDIT BANKS BUSINESS ENVIRONMENT COLLATERAL COLLATERAL REQUIREMENTS COMMODITY COMMODITY EXCHANGES COMPARATOR COUNTRIES CORRUPTION CREDIT GUARANTEE CREDIT LINE DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS EARNINGS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMICS EMPLOYMENT EMPLOYMENT GROWTH EQUITIES EXCLUSION EXPANSION EXPLANATORY VARIABLES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FIRM GROWTH FIRM SIZE FIRMS FIXED EFFECTS FOREIGN OWNERSHIP GOVERNMENT OWNERSHIP GOVERNMENT REGULATION GROUP OF FIRMS GROWTH PROSPECTS GROWTH RATE GROWTH RATES HUMAN CAPITAL INCREASES GROWTH INTERNAL FUNDS INTERNATIONAL BANK INVESTMENT CLIMATE JOB CREATION LEGAL CONSTRAINTS LENDERS LICENSING LINE OF CREDIT LOAN LOAN APPLICATIONS MANUFACTURING INDUSTRIES MARKET STRUCTURE MEAN GROWTH MEDIUM ENTERPRISES MEDIUM SCALE ENTERPRISES MEDIUM SIZE ENTERPRISES MONEY LENDERS NEGATIVE EFFECT OBSTACLES TO GROWTH OVERDRAFT PANEL REGRESSIONS PERFORMANCE MEASURES POLICY PERSPECTIVE POLICY RESEARCH POLITICAL ECONOMY POLITICAL INSTABILITY POWER OUTAGE POWER OUTAGES PRIVATE SECTOR DEVELOPMENT SMALL FIRMS SME SME SECTOR STANDARD DEVIATION SUPPLIERS TAX TAX RATES UNION |
| spellingShingle |
ACCESS TO EXTERNAL FINANCE ACCESS TO FINANCE ANNUAL GROWTH ANNUAL GROWTH RATE AVERAGE GROWTH AVERAGE GROWTH RATE BANK CREDIT BANKS BUSINESS ENVIRONMENT COLLATERAL COLLATERAL REQUIREMENTS COMMODITY COMMODITY EXCHANGES COMPARATOR COUNTRIES CORRUPTION CREDIT GUARANTEE CREDIT LINE DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS EARNINGS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMICS EMPLOYMENT EMPLOYMENT GROWTH EQUITIES EXCLUSION EXPANSION EXPLANATORY VARIABLES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FIRM GROWTH FIRM SIZE FIRMS FIXED EFFECTS FOREIGN OWNERSHIP GOVERNMENT OWNERSHIP GOVERNMENT REGULATION GROUP OF FIRMS GROWTH PROSPECTS GROWTH RATE GROWTH RATES HUMAN CAPITAL INCREASES GROWTH INTERNAL FUNDS INTERNATIONAL BANK INVESTMENT CLIMATE JOB CREATION LEGAL CONSTRAINTS LENDERS LICENSING LINE OF CREDIT LOAN LOAN APPLICATIONS MANUFACTURING INDUSTRIES MARKET STRUCTURE MEAN GROWTH MEDIUM ENTERPRISES MEDIUM SCALE ENTERPRISES MEDIUM SIZE ENTERPRISES MONEY LENDERS NEGATIVE EFFECT OBSTACLES TO GROWTH OVERDRAFT PANEL REGRESSIONS PERFORMANCE MEASURES POLICY PERSPECTIVE POLICY RESEARCH POLITICAL ECONOMY POLITICAL INSTABILITY POWER OUTAGE POWER OUTAGES PRIVATE SECTOR DEVELOPMENT SMALL FIRMS SME SME SECTOR STANDARD DEVIATION SUPPLIERS TAX TAX RATES UNION Şeker, Murat Correa, Paulo Guilherme Obstacles to Growth for Small and Medium Enterprises in Turkey |
| geographic_facet |
Europe and Central Asia Europe and Central Asia Middle East Europe Eastern Europe Asia Turkey |
| relation |
Policy Research working paper ; no. WPS 5323 |
| description |
Many studies have shown that firm growth
decreases monotonically with size and age. In this study,
the authors investigate employment growth of firms in Turkey
with an emphasis on small and medium size enterprises. In
Turkey, small and medium size enterprises account for almost
77 percent of employment and play a crucial role in the
economy. However, the analysis of firm dynamics in Turkey
shows that medium-size firms (51-250 workers) are the
slowest growing group in the economy. Moreover, small and
medium size enterprises grow at a slower rate in Turkey than
in several comparator countries in the Eastern Europe and
Central Asia region. After determining this irregularity,
the paper analyzes how the investment climate affects firm
growth and finds that improved access to finance is the most
important factor that significantly increases firm growth rates. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Şeker, Murat Correa, Paulo Guilherme |
| author_facet |
Şeker, Murat Correa, Paulo Guilherme |
| author_sort |
Şeker, Murat |
| title |
Obstacles to Growth for Small and Medium Enterprises in Turkey |
| title_short |
Obstacles to Growth for Small and Medium Enterprises in Turkey |
| title_full |
Obstacles to Growth for Small and Medium Enterprises in Turkey |
| title_fullStr |
Obstacles to Growth for Small and Medium Enterprises in Turkey |
| title_full_unstemmed |
Obstacles to Growth for Small and Medium Enterprises in Turkey |
| title_sort |
obstacles to growth for small and medium enterprises in turkey |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100527130349 http://hdl.handle.net/10986/3809 |
| _version_ |
1764388458525097984 |