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OECD SME and Entrepreneurship Outlook 2019

image of OECD SME and Entrepreneurship Outlook 2019

The new OECD SME and Entrepreneurship Outlook presents the latest trends in performance of small and medium-sized enterprises (SMEs) and provides a comprehensive overview of business conditions and policy frameworks for SMEs and entrepreneurs.

This year’s edition provides comparative evidence on business dynamism, productivity growth, wage gaps and export trends by firm size across OECD countries and emerging economies. It explores the implications of digitalisation and globalisation for market conditions and SME access to strategic resources such as finance, skills, technology, data and other innovation assets. The report gives comparative analysis of regulatory frameworks and policies to enhance contributions by SMEs and entrepreneurs, and delivers a forward-looking perspective on the opportunities and challenges SMEs and entrepreneurs face in doing business and scaling up their activities. It also contains country profiles outlining the latest developments in national SME performance and business conditions, with expanded country profiles available on line.

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Austria

Austria shows stringent institutional and regulatory framework conditions, especially complex regulatory procedures, and underperforms in terms of the insolvency regime. The 2017 Insolvency Law Amendment Act allows for a full discharge of debts after a period of 5 years. Moreover, the 2017 Digital Roadmap sets out 150 measures for promoting e-government, open data, open government and open source. E-Foundation for instance allows sole proprietorships and single person private limited companies establishing entirely online via the business service portal (usp.gv.at) that also serves as a central platform for e-government services and one-stop shop for e-procurement. In addition, both, the 2017 Deregulation and Deregulation Principles Acts aim to reduce bureaucratic burdens.

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