중소기업 지원의 정책효과 추정-기술기반 창업기업의 생산성과 고용 효과를 중심으로-

An empirical study of the policy effect of supporting SMEs-focusing on the productivity and employment effects of technology-based start-ups Yonghwan Noh This study used a fixed effects model to analyze the quantitative effects of government support policies on the productivity and employment of technology-based start-ups. We used comprehensive data included in the ‘SMEs Integrated Management System’ (SIMS) from 2015 to 2020, to estimate the productivity and employment effects of SMEs support policies considering firm characteristics including industry, firm age, technological and financial characteristics. We found that the government's support for SMEs requires adjustment of the distribution of beneficiaries in connection with policy effectiveness. First, policy effectiveness was highly effective in technology-based industries than non-technology industries, start-ups than non-start-ups, and medium-sized enterprises associated with employing more than 30 people than small businesses in terms of increasing added value and job creation. Second, it is desirable to select and support areas that can create excellence and innovation rather than equity. Firms with intellectual property rights, firms with experience in technological support, and certified firms including Venture Confirmation, InnoBiz, and MainBiz are targets for whom government support is highly effective in increasing added value and employment. However, policy finance such as credit guarantee and policy funds, which has been used as a means of counter cyclical measures, has been shown to be effective in increasing employment but not effective in improving productivity.