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SMEs growth in the Czech Republic: Some macroeconomic perspectives

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dc.title SMEs growth in the Czech Republic: Some macroeconomic perspectives en
dc.contributor.author Osakwe, Christian Nedu
dc.contributor.author Verter, Nahanga
dc.contributor.author Bečvářová, Věra
dc.contributor.author Chovancová, Miloslava
dc.relation.ispartof Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
dc.identifier.issn 1211-8516 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2015
utb.relation.volume 63
utb.relation.issue 6
dc.citation.spage 2077
dc.citation.epage 2084
dc.type article
dc.language.iso en
dc.publisher Mendel University of Agriculture and Forestry Brno
dc.identifier.doi 10.11118/actaun201563062077
dc.relation.uri http://acta.mendelu.cz/media/pdf/actaun_2015063062077.pdf
dc.subject Economic growth en
dc.subject Enterprises en
dc.subject Finance en
dc.subject SMEs growth en
dc.subject Unemployment en
dc.description.abstract Small and medium enterprises (SMEs) are seen as a vehicle for employment generation, wealth creation, economic growth and development in countries that have a sound investment climate. SMEs, account for approximately one-third of GDP, over 50% of the value added, 99% of the share of total registered enterprises, and represent 60% of total employment in the Czech Republic. In the light of this background, the paper explores the influence of some macroeconomic variables on SMEs growth in the Czech Republic for the period 1995-2013. In order to assess the impacts of these critical macroeconomic variables (e.g., rate of unemployment, economic growth, credit provided by the financial sector) on SMEs growth, we employed an econometric technique. Our findings suggest a concave relationship between unemployment and SMEs growth in the Czech Republic. More precisely, it signifies that beyond a turning point, unemployment is likely to slow down SMEs growth in the country. Our results further hint at a positive relationship between economic growth and SMEs growth. However, our empirical estimates showed an insignificant relationship between domestic credit provided by the financial sector and SMEs growth in the country. The government of the Czech Republic should continue to provide an enabling investment climate and support for bolstering a sustainable SMEs development within the country. Similar to the extant literature, we have also implored the Czech government to do more with regard to the provision of easier access and aff ordable credits/loans to SMEs. We have also called for the reduction of bureaucratic bottlenecks that might have to do with SMEs legislations in the country. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1006247
utb.identifier.obdid 43875085
utb.identifier.scopus 2-s2.0-84958206065
utb.source j-scopus
dc.date.accessioned 2016-04-28T10:53:12Z
dc.date.available 2016-04-28T10:53:12Z
dc.rights Attribution-NonCommercial-NoDerivs 4.0 International
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Osakwe, Christian Nedu
utb.contributor.internalauthor Chovancová, Miloslava
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