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Empirical evidence on policy loans and job creation

Related Document
Frame of Image ge innovative entrepreneurship for newly start-up businesses
• Policy loans can improve social efficiency and complement the allocative functions of market system by reducing market failures caused by informational distortions distortions and credit market imperfections
Existing research focuses on the roles of policy loans on promoting future growth or profitability of subsidized entities. In this presentation, we investigate whether policy loans contribute to employment growth and profitability of recipient firms
• We also classify 3 types of policy loans and evaluate which one is more effective in job-creation and profit-making of the recipient firms.
Policy Policy Lending Programs in Korea
Bank of Korea (Aggregate Credit Ceiling, etc)
Fund provision Fund trust
Government (Fiscal money, funds)
Financial Institutions
Fund trust Credit guarantee
SBC/Executive branches of line ministries
Credit Guarantee Institutes (Kodit, Kibo, etc)
KVIC/Fund of funds
Loan Loan Loan Loan Equity Equity investment
SMEs
SBC: Small and Medium Business Corporation. Kodit: Korea Credit Guarantee Fund. Kibo: Korea Technology Finance Corporation.
Part-02
Background
Trends Trends in Labor Market
During the last decade, labor market situation has been deteriorated due to the credit card crisis of 2003 and global financial crisis in the recent years. However, recent employment seems to rebound as the country begins to recover from the crisis.
Unemployment and Employment Increments
(Y oY , thous a n d)


Full Text
Title Empirical evidence on policy loans and job creation
Similar Titles
Material Type Proceedings
Author(English)

Kang, Dongsoo; Song, Joonhyuk

Publisher

[Seoul]:KDI School of Public Policy and Management

Date 2013-03
Event

2013 KDIS-WB Forum on Employment-Centered Development Strategies

Pages 33
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < Employment
Holding KDI School of Public Policy and Management