Fostering productivity in SMEs is central to the goal of increasing economies’ productive potential and reducing inequalities. The OECD helps countries understand drivers and effective policies for SME productivity growth.
|WHAT'S THE ISSUE?
Productivity is a key driver of long-term economic growth. Many factors affect SME productivity, both external and internal to the firm. Competition and openness to trade, for example, influence SME productivity through the competitive pressure of newcomers on incumbent companies. At the firm level, key drivers of SME productivity include managerial and workforce skills, R&D and innovation, access to technology and digitalisation, access to business networks and to financial resources.
The OECD can help countries improve understanding about SME productivity drivers and identify good policy practices to foster SME productivity. In collaboration with national governments, the OECD can undertake country-specific empirical analyses and organise thematic workshops on firm-level drivers of SME productivity and the impact of national policies on such drivers.
For further information, please contact Marco Marchese, OECD Policy Analyst