TY - BOOK AU - Correa,Paulo Guilherme AU - Correa,Paulo Guilherme AU - Seker,Murat TI - Obstacles To Growth for Small and Medium Enterprises in Turkey PY - 2010/// CY - Washington, D.C. PB - The World Bank KW - Access to Finance KW - Achieving Shared Growth KW - Business environment KW - Credit Line KW - Emerging Markets KW - Employment KW - Expansion KW - Finance and Financial Sector Development KW - Financial institution KW - Financial institutions KW - Firm size KW - Firms KW - Human capital KW - Industry KW - Job creation KW - Lenders KW - Licensing KW - Loan KW - Medium Enterprises KW - Medium Scale Enterprises KW - Medium size enterprises KW - Microfinance KW - Poverty Reduction KW - Private Sector Development KW - Small firms KW - Small Scale Enterprise KW - SME KW - SME sector KW - Suppliers N2 - Many studies have shown that firm growth decreases monotonically with size and age. In this study, the authors investigate employment growth of firms in Turkey with an emphasis on small and medium size enterprises. In Turkey, small and medium size enterprises account for almost 77 percent of employment and play a crucial role in the economy. However, the analysis of firm dynamics in Turkey shows that medium-size firms (51-250 workers) are the slowest growing group in the economy. Moreover, small and medium size enterprises grow at a slower rate in Turkey than in several comparator countries in the Eastern Europe and Central Asia region. After determining this irregularity, the paper analyzes how the investment climate affects firm growth and finds that improved access to finance is the most important factor that significantly increases firm growth rates UR - http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-5323 ER -