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https://doi.org/10.1080/1331677X.2019.1645711

Small and medium enterprises led-growth in two Adriatic countries: Granger causality approach

Sergej Gričar   ORCID icon orcid.org/0000-0001-7704-5483 ; Faculty of Economics and Informatics, University of Novo mesto, Novo mesto, Slovenia
Violeta Šugar ; Faculty of Economics and Tourism‘Dr. Mijo Mirkovi  c’, Juraj Dobrila University of Pula, Pula, Croatia
Štefan Bojnec   ORCID icon orcid.org/0000-0002-1270-6372 ; Faculty of Management, University of Primorska, Koper, Slovenia

Puni tekst: engleski, pdf (2 MB) str. 2161-2179 preuzimanja: 56* citiraj
APA 6th Edition
Gričar, S., Šugar, V. i Bojnec, Š. (2019). Small and medium enterprises led-growth in two Adriatic countries: Granger causality approach. Economic research - Ekonomska istraživanja, 32 (1), 2161-2179. https://doi.org/10.1080/1331677X.2019.1645711
MLA 8th Edition
Gričar, Sergej, et al. "Small and medium enterprises led-growth in two Adriatic countries: Granger causality approach." Economic research - Ekonomska istraživanja, vol. 32, br. 1, 2019, str. 2161-2179. https://doi.org/10.1080/1331677X.2019.1645711. Citirano 30.03.2020.
Chicago 17th Edition
Gričar, Sergej, Violeta Šugar i Štefan Bojnec. "Small and medium enterprises led-growth in two Adriatic countries: Granger causality approach." Economic research - Ekonomska istraživanja 32, br. 1 (2019): 2161-2179. https://doi.org/10.1080/1331677X.2019.1645711
Harvard
Gričar, S., Šugar, V., i Bojnec, Š. (2019). 'Small and medium enterprises led-growth in two Adriatic countries: Granger causality approach', Economic research - Ekonomska istraživanja, 32(1), str. 2161-2179. https://doi.org/10.1080/1331677X.2019.1645711
Vancouver
Gričar S, Šugar V, Bojnec Š. Small and medium enterprises led-growth in two Adriatic countries: Granger causality approach. Economic research - Ekonomska istraživanja [Internet]. 2019 [pristupljeno 30.03.2020.];32(1):2161-2179. https://doi.org/10.1080/1331677X.2019.1645711
IEEE
S. Gričar, V. Šugar i Š. Bojnec, "Small and medium enterprises led-growth in two Adriatic countries: Granger causality approach", Economic research - Ekonomska istraživanja, vol.32, br. 1, str. 2161-2179, 2019. [Online]. https://doi.org/10.1080/1331677X.2019.1645711

Sažetak
This paper investigates causal relationships between gross domestic product (GDP) and the number of small and medium sized enterprises (SMEs) controlled for unemployment rates (UNR) within Slovenia and Croatia. Macro-economic time series data on GDP, SMEs and UNR are analysed in a unit root framework and applied regression analysis. These processes are known as the Johansen co-integration test and Granger-Causality-test. The results show that UNR, GDP and SMEs did not have causal relationships in Croatia between January 2008 and December 2013. UNR and SMEs have a bidirectional relationship in Slovenia with a greater number of SMEs per capita than in Croatia. During their economic recovery period between January 2014 and December 2017, Slovenia and Croatia have experienced the causal unidirectional relation from SMEs to GDP as a positive signal under seen to policy makers on usefulness of investment in SMEs during economic prosperity. The results of a vector autoregressive model suggest a 1% change in the number of SMEs in Croatia decreases GDP in the time of crisis by almost 1.8%. For Slovenia, there is no statistically significant cointegration vector pertained to SMEs-led growth. Finally, the unidirectional causality relation from SMEs to UNR is statistically significant for Slovenia.

Ključne riječi
Dynamics of small and medium entrepreneurship; gross domestic product; unemployment

Hrčak ID: 229534

URI
https://hrcak.srce.hr/229534

Posjeta: 82 *