SMALL BUSINESSES, JOB CREATION AND GROWTH: FACTS ...

1 SMALL BUSINESSES, JOB CREATION AND GROWTH: FACTS , OBSTACLES AND BEST PRACTICES2 Table of contentsExecutive 1. Job CREATION , Output and Productivity 2. Financing SMALL and Medium 3. SMEs and Regulatory 4. Public Support to 5. Innovative 6. High Growth 7. Women-owned 8. The Regional Dimension to 9. Best Practice Policies for SUMMARYThe importance of SMEsSMEs ( SMALL and medium-sized enterprises) account for 60 to 70 per cent of jobs in most OECD countries, with a particularly large share in Italy and Japan, and a relatively smaller share in the UnitedStates. Throughout they also account for a disproportionately large share of new jobs, especially in thosecountries which have displayed a strong employment record, including the United States and theNetherlands. Some evidence points also to the importance of age, rather than size, in job CREATION : youngfirms generate more than their share of employment.

3 EXECUTIVE SUMMARY The importance of SMEs SMEs (small and medium-sized enterprises) account for 60 to 70 per cent of jobs in most OECD countries, with a particularly large share in Italy and Japan, and a relatively smaller share in the United

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