Theoretical and Applied Economics
No. 4 / 2014 (593)
The role of small and medium enterprises and poverty in Pakistan: An empirical analysis
Government Post Graduate College Kot Sultan, Layyah, Pakistan
Humayun RASHID
Allama Iqbal Open University, Islamabad, Pakistan
Muhammad Aamir KHAN
PMAS Arid Agriculture University, Rawalpindi, Pakistan
Abstract. The role of Small and Medium Enterprises (SMEs) is very important in economic growth, employment generation and poverty alleviation. Annual time series data has been used to examine the impact of SMEs on poverty in Pakistan for the period between 1972 and 2007. Log-linear autoregressive model has been estimated by Ordinary Least Squares (OLS) method using one year previous value of HCR as explanatory variable. The results of the study confirm a strong and negative impact of small scale industries’ output on poverty levels in Pakistan. The economic policy makers must focus on the establishment of formal financial markets to overcome the financial constraints faced by the SME sector in Pakistan. Simplification of lending procedures, enforcement of credit rights, and reduction in credit costs would be helpful for the establishment of robust SME sector in Pakistan.
Contents
Banking relationship management – A new paradigm?
The analysis of time intervals for establishing types of users
VAR analysis on Foreign Direct Investment in Romania
Using the regression model for the portfolios analysis and management
The role of small and medium enterprises and poverty in Pakistan: An empirical analysis
Dimensions of the destination’s sensory profile. Case study: Muntenia
Corporate Governance in Eastern Europe: Case of Romania and Russian Federation
Study on the competitiveness of Small and Mediumsized Enterprises (SMEs) in Vâlcea County
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Management priorities to increase labor force flexibility in the Romanian organizations
Behavioral finance: new research trends, socionomics and investor emotions