ROLE OF SMEs AND ITS CONSTRAINTS:Case of Central Asia and Eastern Europe
This paper was aimed to examine the role of small and medium firms of transition countries in terms of contribution to economic growth and whether the SMEs have faced any difficulty in the transition process.The study also conducts the empirical analysis to investigate the main growth determinants or obstacles in the development of SMEs in selected transition economies.Empirical results under specific model unveil that SMEs growth is not determined by only their features such as size or age, but also by other specific factors such as productivity.In addition, external factors such as rate of change for consumer price index and tax rate still may have hindered SMEs flourishing.Furthermore, the sample of enterprises analyzed in study has been extracted from Business Environment and Enterprise Performance Survey dataset conducted by the Word Bank and covers 12 countries (Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan,Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, and Slovakia)over the period from 2002 to 2013.The data includes SMEs dummies is to compare the coefficients between large enterprises and SMEs.Based on the estimated results the study proposes policy implications for the further effective development of SMEs.
SMEs development growth constraints
Sevara Madgazieva Kazuo Inaba
Graduate school of Economics, Ritsumeikan University Ritsumeikan university 525-8577, 1-1-1 Noji-higashi, Kusatsu, Shiga, Japan
国际会议
广州
英文
106-119
2017-11-23（万方平台首次上网日期，不代表论文的发表时间）