European SMES and economic growth: a firm size class analysis
European SMES and economic growth: a firm size class analysis
Author(s): Daniela Rodica SilivestruSubject(s): Business Economy / Management, Micro-Economics, Economic development, Transformation Period (1990 - 2010), EU-Accession / EU-DEvelopment
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: SMEs; economic growth; firm size; European Union;
Summary/Abstract: This paper explores the role of micro, small and medium size enterprises in the growth of per capital gross domestic product at European Union level between 2005 and 2010. Using a panel of data from 25 Member States the results show a positive connection between the prevalence of SME in terms of created value added and GDP per capital growth. When investigating the aforementioned relationship at enterprise size class level the results differ considerably. While micro enterprises prevalence in terms of created value added does not appear to cause more growth in per capital income at EU level, small and medium sized enterprises are some of the main drivers of the annual per capital GDP growth.
Journal: Analele Ştiinţifice ale Universităţii »Alexandru Ioan Cuza« din Iaşi. Ştiinţe economice
- Issue Year: 59/2012
- Issue No: 2
- Page Range: 143-151
- Page Count: 9
- Language: English