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Effectiveness of subsidy applications for small businesses

While large businesses in Japan have seen a gradual increase in labour productivity since the global financial crisis, the productivity of SMEs remains stagnant. This column investigates the effects of the Japanese government’s Business Sustainable Subsidy programme, launched in response to this situation, on SMEs’ performance. The findings suggest that application to the
United States United Kingdom J Van Reenen David Atkinson Jf Burgess Jr Tokyo Shoko Research
Source: voxeu.org

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