earticle

영어

Park Geun-hye administration initiated support policy for small and medium-sized enterprises as part of its “creative economy strategy” in order to rejuvenate the economy and improve the country’s competitiveness. Despite these efforts, the policy has made little impact on nurturing small and medium-sized enterprises until now. In this perspective, it is necessary to review the performance of the policy and modify the details of the policy based on the performance. This study empirically analyzed the performance of the World Class 300 project as the key part of Park Geun-hye administration's support policy for small and medium-sized enterprises in order to support policy for small and medium-sized enterprises by categorizing it into output and outcome according to the program logics model. For the output, the performance supported by the government and utilizing the project in the enterprises were examined, and for the outcome, changes in enterprises sales, exports, and employed personnel were examined after government support. Particularly for the outcome, the performance by year of government support and the difference between selected enterprises and disqualified enterprises using the quasi-experimental design were compared. The results showed that the growth rate of sales and exports increased until the third year and fell in the fourth year, and the employment rate steadily dropped until the fourth year. Also, the rates of increase in sales and employment were found to be higher in selected enterprises than disqualified enterprises on average, and this gap was statistically significant. In conclusion, though there were differences depending on the term of government support, it was founded that the government support has made some progress. However, this study proposed that continuous management is necessary to retain the performance made by support and to manage individual enterprise making sure there is not a big gap between them.