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Toward Competitive and Innovative ASEAN SMEs: Philippine SME Policy Index 2012

Author

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  • Aldaba, Rafaelita M.
  • Aldaba, Fernando T.

Abstract

The ASEAN SME Policy Index is an analytical tool to review, track, and identify gaps in small and medium enterprise (SME) policy development and implementation. The index covers the following eight policy areas: institutional framework; cheaper and faster start-up and better legislation and regulation for SMEs; access to information and supporting services; access to finance; technology and technology transfer; market access and getting more output of the single market; promotion of entrepreneurial education; and developing stronger, more effective representation for SMEs` interests.Applying the above framework, the paper assesses whether the policies, programs, and institutions in the Philippines are supportive of the development of SMEs in the region. On the average, the overall score for the country is quite modest and to move forward, it is important to simplify and streamline the overall registration process. Existing government programs must be evaluated in terms of scope and delivery with a view to improve and broaden support services for start-ups to include business incubators as well as vouchers, grants and loans on favorable terms especially for the most dynamic enterprises. There is also a need to institutionalize the framework for conducting regulatory impact assessment in the country.

Suggested Citation

  • Aldaba, Rafaelita M. & Aldaba, Fernando T., 2014. "Toward Competitive and Innovative ASEAN SMEs: Philippine SME Policy Index 2012," Discussion Papers DP 2014-30, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2014-30
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    File URL: https://www.pids.gov.ph/publication/discussion-papers/toward-competitive-and-innovative-asean-smes-philippine-sme-policy-index-2012
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    Cited by:

    1. John Rey G. Lobaton, 2023. "Micro, small, and medium-sized enterprises (MSMEs) and their employees have been particularly hard hit by the recession because of the COVID-19 pandemic. This study assesses the level of vulnerability," Technium Business and Management, Technium Science, vol. 3(1), pages 104-125.
    2. Fukunari Kimura & Oum Sothea & Antonio FANELLI & Anita RICHTER & Shazali SULAIMAN & Hay SOVUTHEA & Lay SOKKHEANG & Nguon YANA & Yose Rizal DAMURI & Pratiwi KARTIKA & Phouphet KYOPHILAVONG & Rajah RASI, . "ASEAN SME Policy Index 2014 Towards Competitive and Innovate ASEAN SMEs," Books, Economic Research Institute for ASEAN and East Asia (ERIA), number 2012-rpr-08 edited by ERIA SME Research Working Group, July.
    3. Leonardo Lanzona, 2015. "Mainstreaming SMEs through Social Enterprises," Working Papers id:7061, eSocialSciences.
    4. Michael, Bryane, 2017. "The Effect of Competition Law on Brunei’s Small and Medium Enterprises," EconStor Preprints 169114, ZBW - Leibniz Information Centre for Economics.

    More about this item

    Keywords

    Philippines; ASEAN SME Policy Index;

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