Publication:
Direct Support to Private Firms : Evidence on Effectiveness

dc.contributor.author Batra, Geeta
dc.contributor.author Mahmood, Syed
dc.date.accessioned 2014-04-17T19:16:45Z
dc.date.available 2014-04-17T19:16:45Z
dc.date.issued 2003-11
dc.description.abstract Governments use a variety of instruments to provide direct support to private enterprises. These include the provision of finance (subsidized and/or directed credit) and business development services (management and marketing advice to small businesses, agricultural extension services, support for enterprise level training and support to technology development). These interventions are distinct from those that support enterprises indirectly by establishing a policy and legal environment conducive to enterprise development. How effective have these direct support schemes been? This paper attempts to provide some answers to this question by surveying the available literature on the effectiveness of direct support interventions. Where available, impact evaluations suggest that the performance has been mixed at best. The evidence indicates that active intervention does not work unless the basic environment for private sector development is sound. Public policy thus needs to focus on creating an enabling environment, key elements of which include a sound legal and judicial system which supports low-cost contract enforcement, good infrastructure, a policy playing field which is level in terms of ease of registration, taxes and investment incentives for all enterprises-large and small, domestic and foreign. en
dc.identifier http://documents.worldbank.org/curated/en/2003/11/2819076/direct-support-private-firms-evidence-effectiveness
dc.identifier.uri http://hdl.handle.net/10986/17907
dc.language English
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper;No. 3170
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ADMINISTRATIVE COSTS
dc.subject AUTONOMY
dc.subject BANK PROCEDURES
dc.subject BANKS
dc.subject BENEFIT ANALYSIS
dc.subject BUSINESS DEVELOPMENT
dc.subject BUSINESS DEVELOPMENT SERVICES
dc.subject BUSINESS PLANS
dc.subject CAPITAL MARKETS
dc.subject CAPITALIZATION
dc.subject COLLATERAL
dc.subject COMMERCIAL FUNDING
dc.subject COMPARATIVE ADVANTAGE
dc.subject CONSULTING SERVICES
dc.subject CONTRACT ENFORCEMENT
dc.subject COST EFFECTIVENESS
dc.subject COST- BENEFIT ANALYSES
dc.subject COST-BENEFIT ANALYSES
dc.subject DEBT
dc.subject DECENTRALIZATION
dc.subject DEMONSTRATION EFFECTS
dc.subject DEPRECIATION
dc.subject DEVELOPED COUNTRIES
dc.subject DIRECT FINANCING
dc.subject ECONOMIC CONDITIONS
dc.subject ECONOMIC IMPACT
dc.subject ECONOMICS
dc.subject EMPLOYMENT
dc.subject ENVIRONMENTAL MANAGEMENT
dc.subject EQUITY INVESTMENTS
dc.subject EXPENDITURES
dc.subject FARMS
dc.subject FINANCIAL INSTITUTIONS
dc.subject FINANCIAL MARKETS
dc.subject FINANCIAL PERFORMANCE
dc.subject FINANCIAL SECTOR
dc.subject FINANCIAL SERVICES
dc.subject FINANCIAL SYSTEMS
dc.subject GOVERNMENT INTERVENTION
dc.subject HARD BUDGET CONSTRAINTS
dc.subject HUMAN RESOURCE MANAGEMENT
dc.subject INCENTIVE SYSTEMS
dc.subject INCOME
dc.subject INFLATION
dc.subject INFORMATION SYSTEMS
dc.subject INSTITUTIONAL DEVELOPMENT
dc.subject INTEREST RATES
dc.subject LAWS
dc.subject LEGAL FRAMEWORK
dc.subject LENDING OPERATIONS
dc.subject LEVIES
dc.subject LIQUIDITY
dc.subject LIVING STANDARDS
dc.subject LOCAL ENTERPRISES
dc.subject MANDATES
dc.subject OPERATING COSTS
dc.subject OPERATING EXPENSES
dc.subject POLICY ENVIRONMENT
dc.subject POLICY RESEARCH
dc.subject POVERTY ALLEVIATION
dc.subject PRIVATE SECTOR
dc.subject PRODUCTION PROCESSES
dc.subject PRODUCTIVITY
dc.subject PROFITABILITY
dc.subject PROGRAMS
dc.subject PUBLIC POLICY
dc.subject RESOURCE ALLOCATION
dc.subject RETAINED EARNINGS
dc.subject RETURN ON ASSETS
dc.subject RETURN ON EQUITY
dc.subject SAVINGS
dc.subject SELECTION BIAS
dc.subject TECHNICAL ASSISTANCE
dc.subject TECHNOLOGY ADOPTION
dc.subject TRAINING COURSES
dc.subject TRAINING PROGRAMS
dc.subject TRANSACTION COSTS ENTERPRISE DEVELOPMENT
dc.subject PRIVATE ENTERPRISES
dc.subject FINANCIAL INSTRUMENTS
dc.subject SUBSIDIES
dc.subject ACCESS TO CREDIT
dc.subject BUSINESS ENVIRONMENT
dc.subject BUSINESS ECONOMICS
dc.subject SERVICING
dc.subject MANAGEMENT ASSISTANCE
dc.subject MARKETING ASSISTANCE
dc.subject SMALL BUSINESS FINANCE
dc.subject AGRICULTURAL EXTENSION
dc.subject TRAINING ASSISTANCE
dc.subject TECHNOLOGY DEVELOPMENT
dc.subject POLICY FRAMEWORK
dc.subject LEGAL & REGULATORY FRAMEWORK
dc.subject PUBLIC POLICY
dc.subject JUDICIAL PROCESS
dc.subject CONTRACT ENFORCEMENT
dc.subject INFRASTRUCTURE
dc.subject INVESTMENT INCENTIVES
dc.subject ENTERPRISE DEVELOPMENT
dc.subject TRANSACTION COSTS
dc.title Direct Support to Private Firms : Evidence on Effectiveness en
dspace.entity.type Publication
okr.doctype Publications & Research :: Policy Research Working Paper
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/2003/11/2819076/direct-support-private-firms-evidence-effectiveness
okr.globalpractice Social, Urban, Rural and Resilience
okr.globalpractice Governance
okr.globalpractice Transport and ICT
okr.globalpractice Governance
okr.globalpractice Health, Nutrition, and Population
okr.identifier.doi 10.1596/1813-9450-3170
okr.identifier.externaldocumentum 000012009_20031212170926
okr.identifier.internaldocumentum 2819076
okr.identifier.report WPS3170
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/12/12/000012009_20031212170926/Rendered/PDF/wps3170.pdf en
okr.theme Financial and private sector development :: Regulation and competition policy
okr.theme Financial and private sector development :: Small and medium enterprise support
okr.theme Financial and private sector development :: Other financial and private sector development
okr.topic Banks and Banking Reform
okr.topic Public Sector Development :: Decentralization
okr.topic Environmental Economics and Policies
okr.topic Health Economics and Finance
okr.topic Payment Systems and Infrastructure
okr.topic Information and Communication Technologies :: ICT Policy and Strategies
okr.topic Enterprise Development and Reform
okr.topic Urban Development :: Municipal Financial Management
okr.topic Health, Nutrition and Population
okr.unit Off of Sr VP Dev Econ/Chief Econ (DECVP)
okr.volume 1 of 1
relation.isSeriesOfPublication 26e071dc-b0bf-409c-b982-df2970295c87
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