Macroeconomic Policy and Its Implications for SME Development

Gregory Walker, Hazbo Skoko

Research output: Contribution to journalArticle

Abstract

The purpose of this paper is to explore the relationship between macro and small business support policy. Recent Australian experience is used as a case study for the exploration of possible causal links in this policy relationship. This may provide a basis for evaluating the appropriateness of current policy approaches evident in countries that are focused on promoting a neo-liberal economic environment characterised by budget surpluses, low inflation, low public debt and privatisation policies, which are regarded as supportive of SMEs and entrepreneurial activity. This paper provides a basis for reflecting on the broader trend within modern capitalist economies, as typified by the Australian experience, to stimulate individual initiative and entrepreneurialism as a solution to contemporary social and economic problems.
Original languageEnglish
Pages (from-to)35-54
Number of pages20
JournalZagreb International Review of Economics and Business
Volume8
Issue number1
Publication statusPublished - 2005

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Macroeconomic policy
Small and medium-sized enterprises
Privatization
Appropriateness
Entrepreneurial activity
Inflation
Economic environment
Surplus
Public debt
Entrepreneurialism
Economics
Business support
Small business

Cite this

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Macroeconomic Policy and Its Implications for SME Development. / Walker, Gregory; Skoko, Hazbo.

In: Zagreb International Review of Economics and Business, Vol. 8, No. 1, 2005, p. 35-54.

Research output: Contribution to journalArticle

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