OECD SME and Entrepreneurship Papers

The series provides comparative evidence and analysis on SME and entrepreneurship performance and trends and on a broad range of policy areas, including SME financing, innovation, productivity, skills, internationalisation, and others.


2018 OECD Ministerial Conference on SMEs

Key Issues Paper

SMEs are key to strengthening productivity, delivering more inclusive growth and adapting to the major transformations of our time. SMEs that grow have a considerable positive impact on employment creation, innovation, productivity growth and competitiveness. While the population of SMEs is very diverse, innovation and scale-up are at the reach of many SMEs. Digital technologies and global value chains offer new opportunities for SMEs to participate in the global economy, innovate and grow. However, SMEs are lagging behind in the digital transition and are disproportionately affected by market failures, trade barriers, policy inefficiencies and the quality of institutions. A conducive business environment, is essential to incentivise risk-taking and experimentation by entrepreneurs, and foster business growth potential. Access to entrepreneurship competencies, management and workforce skills, technology, innovation, and networks, is also critical to enable SME growth. A cross-cutting approach to SME policy can enhance SME contributions to inclusive growth.


Keywords: Productivity, SMEs, Government Policy and Regulation, Entrepreneurship, Inclusive Growth
JEL: O38: Economic Development, Innovation, Technological Change, and Growth / Innovation; Research and Development; Technological Change; Intellectual Property Rights / Technological Change: Government Policy; G28: Financial Economics / Financial Institutions and Services / Financial Institutions and Services: Government Policy and Regulation; O40: Economic Development, Innovation, Technological Change, and Growth / Economic Growth and Aggregate Productivity / Economic Growth and Aggregate Productivity: General; F68: International Economics / Economic Impacts of Globalization / Economic Impacts of Globalization: Policy; L20: Industrial Organization / Firm Objectives, Organization, and Behavior / Firm Objectives, Organization, and Behavior: General; L26: Industrial Organization / Firm Objectives, Organization, and Behavior / Entrepreneurship
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