Assessment of the impact government financing and lending support on small business employment growth: experience of the USA

Abstract

With applying econometric tools the authors presented autoregressive models with a distributed lag that determine the significant dependence of the growth rate of the number of employees at small enterprises in the USA on the growth rate of financial and lending support for Government programs of the U.S. Small Business Administration for the period from 1996 to 2017. The authors made conclusions that in the ongoing state programs of financial, lending and guarantee support for small enterprises in the United States are highly efficient and targeted, they can ensure a stable employment growth in the SME sector.