THE LINK BETWEEN SMALL AND MEDIUM ENTERPRISES DEATH RATE, UNEMPLOYMENT AND GROSS DOMESTIC PRODUCT: EVIDENCE FROM VISEGRAD COUNTRIES
Autor (i): Nwachukwu C., Kolog E., Uzoka P.
JEL: M31, L10
Cuvinte cheie: SMEs; unemployment; GDP per capita; Visegrad countries
Abstract:
This study examines the link between SMEs death rate, unemployment rate and gross domestic product per capita (GDP) in the Czech Republic, Hungary, Poland and Slovakia. Authors used a panel dataset covering 2008 – 2013 collected from OECD and Eurostat database. Descriptive statistics and Pearson correlation techniques were used to analyse the data. The result for the Visegrad group, indicate a significant positive relationship between SMEs death rate and unemployment rate. On the other hand, the results show an insignificant negative association between SMEs death rate and GDP per capita in the Visegrad Group. Authors, therefore, conclude that government of the Visegrad countries should continue to provide an enabling investment environment by addressing potential market failures and creating equal opportunities that will encourage SMEs to thrive, reduce the rate of unemployment, and enhance GDP per capita of the Visegrad countries.
This study examines the link between SMEs death rate, unemployment rate and gross domestic product per capita (GDP) in the Czech Republic, Hungary, Poland and Slovakia. Authors used a panel dataset covering 2008 – 2013 collected from OECD and Eurostat database. Descriptive statistics and Pearson correlation techniques were used to analyse the data. The result for the Visegrad group, indicate a significant positive relationship between SMEs death rate and unemployment rate. On the other hand, the results show an insignificant negative association between SMEs death rate and GDP per capita in the Visegrad Group. Authors, therefore, conclude that government of the Visegrad countries should continue to provide an enabling investment environment by addressing potential market failures and creating equal opportunities that will encourage SMEs to thrive, reduce the rate of unemployment, and enhance GDP per capita of the Visegrad countries.
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