The Role of SMEs in Employment and Export to Economic Growth of Thailand
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Published:
Dec 19, 2019
Keywords:
Small and medium sized enterprises economic growth employment exports
Main Article Content
Abstract
Small and Medium Sized Enterprises (SMEs) are a key contributor to the economic progress of many countries around the world. Thailand is one of the developing countries where SMEs play a crucial role in the economic stabilization of the country. This paper analyzes the relationship of employment and exports to Thailand’s GDP for both SMEs and large enterprises to determine the extent that SMEs impact to Thailand’s GDP. Multiple regression has been applied as part of the methodology to analyze the data from 2002-2017. The research results show that both SMEs and large enterprises have a significant impact on the total GDP of Thailand. However, the analysis for the employment and exports of these two types of enterprises shows that the employment and exports of SMEs have a significant impact on GDP whereas only the exports of large enterprises have significant impact on GDP.
Article Details
How to Cite
Pinudom, T., & Johnson, J. V. (2019). The Role of SMEs in Employment and Export to Economic Growth of Thailand. Journal of Humanities and Social Sciences Thonburi University, 14(1), 20–28. Retrieved from https://so03.tci-thaijo.org/index.php/trujournal/article/view/230409
Section
บทความวิจัย
ผลงานที่ปรากฎในวารสารฉบับนี้เป็นลิขสิทธิ์เฉพาะส่วนบุคคลของผู้เขียนซึ่งต้องรับผิดชอบต่อผลทาง กฎหมายที่อาจเกิดขึ้นได้และไม่มีผลต่อกองบรรณาธิการ
References
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USITC. (2010). Small and Medium-sized Enterprises: U.S. and EU Export Activities, and Barriers and Opportunities Experienced by U.S. Firms. Retrieved from https://www.usitc.gov/publications/332/pub4169.pdf
Arowomole, K. A. (2000). Modern business management (Theory and Practice) (1st ed.). Sango-Ota, Ogun State: Ade-Oluyinka Commercial Press.
Bank of Thailand. (n.d.). Stat in Focus. Retrieved fromhttps://www.bot.or.th/Thai/Statistics/Articles/Doc_Lib_Statin Focus/SMEs.pdf
Beck T., Demirguc-Kunt, A. & Levine, R. (2005). SMEs, growth and poverty. NBER working paper No. 11224.
Beck, T., Demirguc-Kunt, A. & Levine, R. J Econ Growth. (2005). SMEs, Growth, and Poverty: Cross-Country Evidence. Retrieved from https://link.springer.com/article/10.1007/s10887-005-3533-5
Bello A., Jibir A., & Ahmed I. (2018). Impact of Small and Medium Scale Enterprises on Economic Growth: Evidence from Nigeria. Global Journal of Economics and Business, 4 (2): 236-244.
Iam-aram, T. (2017). The Resource-Based View of Business Organization: Evaluating Value of Small and Medium Enterprises (SMEs). Journal of Humanities and Social Sciences Thonburi University, 11(24): 1-2.
Karadag, H. (2016). The Role of SMEs and Entrepreneurship on Economic Growth in Emerging Economies within the Post-Crisis Era: an Analysis from Turkey. Journal of Small Business and Entrepreneurship Development. 4(1): 22-31.
Katua, N. T. (2014). The Role of SMEs in Employment Creation and Economic Growth in Selected Countries. International Journal of Education and Research, 2: (12).
Kongolo, M. (2010). Job creation versus job shedding and the role of SMEs in economic development, African Journal of Business management, 4 (11): 2288-2295.
Landerfeld, J.S., Seskin, E.P. & Fraumeni, B.M. (2008). Taking the Pulse of the Economy: Measuring GDP. Retrieved from http://www.bea.gov/about/pdf/jep_spring2008.pdf
Myslimi G., Krisdela, & Kaçani (2016). Impact of SMEs in economic growth in Albania. European Journal of Sustainable Development, 5 (3), 151-158. Retrieved from https://www.ecsdev.org/ojs/index.php/ejsd/article/viewFile/ 341/338
Nagaya N. (2017). SME impact on output growth, case study of India. Palma Journal, 16(13): 11-170.
OECD (2016). Entrepreneurship at a Glance 2016. Paris: OECD Publishing.
OECD (2017). Enhancing the Contributions of SMEs in a Global and Digitalised Economy. Retrieved from www.oecd.org
Office of Small and Medium Enterprises Promotion. (2018). Report of SMEs 2002 - 2018. Retrieved from http://www.sme.go.th/ th/download.php?modulekey=215
Ogechukwu, A.D. (2011). The Role of Small-Scale Industry in National Development in Nigeria. Universal Journal of Management and Social Sciences, 1: 23-41.
Tabachnick. B.G. & Fidell S.L. (1996). Using multivariate statistics (3rd ed.). New York: Harper Collins College Publishers.
United Nations Environmental Programme: (UNEP). (2003). Big Challenge for Small business sustainability and SMEs. Industry and Environment, 26(4).
USITC. (2010). Small and Medium-sized Enterprises: U.S. and EU Export Activities, and Barriers and Opportunities Experienced by U.S. Firms. Retrieved from https://www.usitc.gov/publications/332/pub4169.pdf