Publication:
Direct Support to Private Firms : Evidence on Effectiveness

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dc.contributor.authorBatra, Geeta
dc.contributor.authorMahmood, Syed
dc.date.accessioned2014-04-17T19:16:45Z
dc.date.available2014-04-17T19:16:45Z
dc.date.issued2003-11
dc.description.abstractGovernments 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.identifierhttp://documents.worldbank.org/curated/en/2003/11/2819076/direct-support-private-firms-evidence-effectiveness
dc.identifier.doi10.1596/1813-9450-3170
dc.identifier.urihttps://hdl.handle.net/10986/17907
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 3170
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADMINISTRATIVE COSTS
dc.subjectAUTONOMY
dc.subjectBANK PROCEDURES
dc.subjectBANKS
dc.subjectBENEFIT ANALYSIS
dc.subjectBUSINESS DEVELOPMENT
dc.subjectBUSINESS DEVELOPMENT SERVICES
dc.subjectBUSINESS PLANS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITALIZATION
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL FUNDING
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCONSULTING SERVICES
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCOST EFFECTIVENESS
dc.subjectCOST- BENEFIT ANALYSES
dc.subjectCOST-BENEFIT ANALYSES
dc.subjectDEBT
dc.subjectDECENTRALIZATION
dc.subjectDEMONSTRATION EFFECTS
dc.subjectDEPRECIATION
dc.subjectDEVELOPED COUNTRIES
dc.subjectDIRECT FINANCING
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC IMPACT
dc.subjectECONOMICS
dc.subjectEMPLOYMENT
dc.subjectENVIRONMENTAL MANAGEMENT
dc.subjectEQUITY INVESTMENTS
dc.subjectEXPENDITURES
dc.subjectFARMS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SYSTEMS
dc.subjectGOVERNMENT INTERVENTION
dc.subjectHARD BUDGET CONSTRAINTS
dc.subjectHUMAN RESOURCE MANAGEMENT
dc.subjectINCENTIVE SYSTEMS
dc.subjectINCOME
dc.subjectINFLATION
dc.subjectINFORMATION SYSTEMS
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINTEREST RATES
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLENDING OPERATIONS
dc.subjectLEVIES
dc.subjectLIQUIDITY
dc.subjectLIVING STANDARDS
dc.subjectLOCAL ENTERPRISES
dc.subjectMANDATES
dc.subjectOPERATING COSTS
dc.subjectOPERATING EXPENSES
dc.subjectPOLICY ENVIRONMENT
dc.subjectPOLICY RESEARCH
dc.subjectPOVERTY ALLEVIATION
dc.subjectPRIVATE SECTOR
dc.subjectPRODUCTION PROCESSES
dc.subjectPRODUCTIVITY
dc.subjectPROFITABILITY
dc.subjectPROGRAMS
dc.subjectPUBLIC POLICY
dc.subjectRESOURCE ALLOCATION
dc.subjectRETAINED EARNINGS
dc.subjectRETURN ON ASSETS
dc.subjectRETURN ON EQUITY
dc.subjectSAVINGS
dc.subjectSELECTION BIAS
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTECHNOLOGY ADOPTION
dc.subjectTRAINING COURSES
dc.subjectTRAINING PROGRAMS
dc.subjectTRANSACTION COSTS ENTERPRISE DEVELOPMENT
dc.subjectPRIVATE ENTERPRISES
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectSUBSIDIES
dc.subjectACCESS TO CREDIT
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS ECONOMICS
dc.subjectSERVICING
dc.subjectMANAGEMENT ASSISTANCE
dc.subjectMARKETING ASSISTANCE
dc.subjectSMALL BUSINESS FINANCE
dc.subjectAGRICULTURAL EXTENSION
dc.subjectTRAINING ASSISTANCE
dc.subjectTECHNOLOGY DEVELOPMENT
dc.subjectPOLICY FRAMEWORK
dc.subjectLEGAL & REGULATORY FRAMEWORK
dc.subjectPUBLIC POLICY
dc.subjectJUDICIAL PROCESS
dc.subjectCONTRACT ENFORCEMENT
dc.subjectINFRASTRUCTURE
dc.subjectINVESTMENT INCENTIVES
dc.subjectENTERPRISE DEVELOPMENT
dc.subjectTRANSACTION COSTS
dc.titleDirect Support to Private Firms : Evidence on Effectivenessen
dspace.entity.typePublication
okr.crossref.titleDirect Support to Private Firms: Evidence on Effectiveness
okr.date.doiregistration2025-04-10T10:50:27.083182Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2003/11/2819076/direct-support-private-firms-evidence-effectiveness
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeGovernance
okr.globalpracticeTransport and ICT
okr.globalpracticeGovernance
okr.globalpracticeHealth, Nutrition, and Population
okr.guid514951468779353903
okr.identifier.doi10.1596/1813-9450-3170
okr.identifier.externaldocumentum000012009_20031212170926
okr.identifier.internaldocumentum2819076
okr.identifier.reportWPS3170
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/12/12/000012009_20031212170926/Rendered/PDF/wps3170.pdfen
okr.themeFinancial and private sector development :: Regulation and competition policy
okr.themeFinancial and private sector development :: Small and medium enterprise support
okr.themeFinancial and private sector development :: Other financial and private sector development
okr.topicBanks and Banking Reform
okr.topicPublic Sector Development::Decentralization
okr.topicEnvironmental Economics and Policies
okr.topicHealth Economics and Finance
okr.topicPayment Systems and Infrastructure
okr.topicInformation and Communication Technologies::ICT Policy and Strategies
okr.topicEnterprise Development and Reform
okr.topicUrban Development::Municipal Financial Management
okr.topicHealth, Nutrition and Population
okr.unitOff of Sr VP Dev Econ/Chief Econ (DECVP)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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