The Impact of Small and Medium-Sized Enterprises on Economic Growth in Iran

Abdollah Rahimlou Benis

The Impact of Small and Medium-Sized Enterprises on Economic Growth in Iran

Abdollah Rahimlou Benis * §

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§ Payam-e-Noor University

The Impact of Small and Medium-Sized Enterprises on Economic Growth in Iran

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Abstract

In the aftermath of the global financial crisis of 2008-2009, there has been an increased interest in the role of small and medium enterprises in job creation and economic growth. Changing industrial structures of developing economies in recent decades, the development of small and medium-sized enterprises (SMEs) were playing a critical role in industrial development strategies of countries. Regarding the successful experience of newly developed economies, economists believe that private sector, particularly SMEs, is a significant factor in economic growth in developing countries. Researches show that these industries affect economic growth by entrepreneurship, innovation, and creating new job opportunities. As a result, SMEs have been concentrated in Iran in order to develop employment-making activities. This research study the relationship between SMEs and economic growth in Iran provinces by using mixed data during 2004-2005 in the framework of augmented Solo growth model, and panel data method. Results show a positive and significant relationship between developing SMEs and economic growth, which indicates the importance of SMEs

References

15 Cites in Article

Reference Format

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Abdollah Benis. 2014. "The Impact of Small and Medium-Sized Enterprises on Economic Growth in Iran". Global Journal of Management and Business Research, Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 14 (GJMBR Volume 14 Issue B2).

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GJMBR Volume 14 Issue B2

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Economic Growth panel data model small and medium-sized enterprises

Classification

GJMBR-B Classification JEL Code: D92 . E24 . E24 . O43

Submission ReceivedDecember 13, 2013
Peer Review Double Blind
Handling Editor
Accepted December 31, 2013
Published January 15, 2014

Version of record

v1.2

Issue date

April 23, 2014

Language

English

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Article Matrices

Total Score: 128

Country: Iran

Subject: Global Journal of Management and Business Research

Authors: Abdollah Rahimlou Benis (PhD/Dr. count: 0)

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Publish Date: 2014 01, Wed

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