Should the focus of publicly provided business assistance be on startups or growth businesses?

Research output: Book/ReportCommissioned report

Abstract

How is New Zealand best able to maximise the potential of its enterprise population?The simple answer is that it has to ensure that the „rules of the game‟ (incentives and signals) are as good as they can be. Nonetheless, there still may be instances of market failure, suggesting grounds for publicly provided business assistance. This paper examines whether any such business assistance would be better provided to start-up or small fast growth firms. The paper presents both arguments for and against support for these two types of small firms. It finds, overall, that the arguments for supporting fast growth firms are more compelling. It then considers arrange of potential policy options (e.g. the introduction of a voucher scheme,managerial training). After reviewing the evidence base, the paper recommends that there still remains a need for the stronger evaluation of public assistance programmes.
Original languageEnglish
PublisherMinistry of Economic Development, New Zealand
Number of pages45
ISBN (Electronic)978 0 478 38205 1
ISBN (Print)978 0 478 38204 4
Publication statusPublished - 2012

Keywords

  • economic development
  • enterprise policy
  • business assistance
  • entrepreneurship

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