Impact Of Small And Medium Scale Industries On The Economic Growth

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Abstract

The study investigates the impact of small and medium scale industries on the Nigerian economy, spanning from 1986 to 2010. The study adopted Ordinary Least Square (OLS) Linear Specification model. Using unit root test, the work shows that small scale industries significantly contributed to the economic growth in Nigeria despite poor funding by commercial banks. The work recommends among others that government should improve its monetary policies so as to reduce to an acceptable level, the rate of interests charged by commercial banks as well as encouraging rural based industrialization, whereby investors are encouraged to establish small and medium scale industries that would be based entirely on local raw materials, machines and equipments.

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Related Field(s):

Banking and Finance (1623), Business Administration (3305), Economics (1317), Industrial Relations and Personnel Management (335)

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Keywords:

Small And Medium Enterprise, Small And Medium Business, Small And Medium Industry, Economic Growth, Industrialization

Research Guidelines

The abstract section provides a concise summary of the Impact Of Small And Medium Scale Industries On The Economic Growth, including the issue statement, methodology, findings, and conclusion

The introduction section introduces the Impact Of Small And Medium Scale Industries On The Economic Growth by offering background information, stating the problem, aims, research questions or hypotheses, and the significance of the research

The literature review section presents a review of related literature that supports the current research on the Impact Of Small And Medium Scale Industries On The Economic Growth, systematically identifying documents with relevant analyzed information to help the researcher understand existing knowledge, identify gaps, and outline research strategies, procedures, instruments, and their outcomes

The conclusion section of the Impact Of Small And Medium Scale Industries On The Economic Growth summarizes the key findings, examines their significance, and may make recommendations or identify areas for future research

References section lists out all the sources cited throughout the Impact Of Small And Medium Scale Industries On The Economic Growth, formatted according to a specific citation style

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