Contact us
 |
[email protected] |
 |
3275638434 |
 |
 |
| Paper Publishing WeChat |
Useful Links
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Contribution of ASEAN-6 SMEs to Economic Growth of ASEAN
Author(s)
Badar Alam Iqbal, Mohd Nayyer Rahman
Full-Text PDF
XML 2145 Views
DOI:10.17265/2328-7144/2015.1112.002
Affiliation(s)
Badar Alam Iqbal, Ph.D., full professor of international business, Department of Commerce, Aligarh Muslim University, Aligarh (UP), India; and visiting emeritus professor; International University of Business, Agriculture and Technology, Dhaka, Bangladesh.
Mohd Nayyer Rahman, UGC senior research fellow, Department of Commerce, Aligarh Muslim University, Aligarh (UP), India.
ABSTRACT
The ASEAN (Association of Southeast Asian Nations) Economic Community Blueprint was adopted under declaration on the 40th Anniversary of ASEAN and the 13th ASEAN Summit in Singapore, among other parameters; it focused on equitable economic development. SME’s (small and medium enterprise’s) development with several pre-determined objectives was an important point of consideration under it. Out of the objectives, it was clearly laid down under ASEAN Economic Community Blueprint clause C1; one objective aims at increasing the contribution of SMEs to the overall economic growth and development of ASEAN as a region. The study investigated to present an overview of the SMEs contribution by ASEAN-6 (Brunei Darussalam, Indonesia, Malaysia, Philippines, Singapore, and Thailand) to the overall economic growth of ASEAN. For the said purpose, the research note addresses the theoretical background and definitions related to SMEs. Secondary data are used along with the descriptive statistics. The study concludes that SMEs are substantially contributing to the ASEAN as an economic region.
KEYWORDS
SME’s (small and medium enterprise’s) contribution, ASEAN (Association of Southeast Asian Nations), employment, SME definition, growth rate, value added
Cite this paper
References
Association of Southeast Asian Nations Data and Statistics. SME basic information [Data file]. Retrieved from http://www.asean.org/images/archive/SME/sme%20basic%20information%20-%20brunei%20darussalam.xls
Association of Southeast Asian Nations Data and Statistics. SME basic information [Data file]. Retrieved from http://www.asean.org/images/archive/SME/sme%20basic%20information%20-%20indonesia.xls
Association of Southeast Asian Nations Data and Statistics. SME basic information [Data file]. Retrieved from http://www.asean.org/images/archive/SME/sme%20basic%20information%20-%20malaysia.xls
Association of Southeast Asian Nations Data and Statistics. SME basic information [Data file]. Retrieved from http://www.asean.org/images/archive/SME/sme%20basic%20information%20-%20philippines.xls
Association of Southeast Asian Nations Data and Statistics. SME basic information [Data file]. Retrieved from http://www.asean.org/images/archive/SME/sme%20basic%20information-%20singapore.xls
Association of Southeast Asian Nations Data and Statistics. SME basic information [Data file]. Retrieved fromhttp://www.asean.org/images/archive/SME/SME%20Basic%20Information%20%20-%20Thailand.xls
Association of Southeast Asian Nations. (2011). ASEAN economic community factbook. Retrieved from http://www.thaifta.com/thaifta/portals/0/asean_aecfactbook.pdf
Association of Southeast Asian Nations. (2013). ASEAN economic community blueprint. Retrieved from http://www.asean.org/archive/5187-10.pdf
Ayyagari, M., Beck, T., & Demirguc-Kunt, A. (2007). Small and medium enterprises across the globe. Small Business Economics, 29, 415-434.
Chaminade, C., & Vang, J. (2008). Upgrading in Asian cluster: Rethinking the importance of interactive learning. Science, Technology and Society, 13(1), 61-94.
Coviello, N., & McAuley, A. (1999). Internationalisation and the smaller firm: A review of contemporary empirical research. Management International Review, 39, 223-256.
Gault, F. (2010). Innovation strategies for a global economy. Ottawa, ON: International Development Research Council.
Green, J. D. (2008). The role of ASEAN economic community as a commitment to policy certainty. ASEAN Economic Bulletin, 25(2), 209-227.
Hussain, A. (2009). Small business in Pakistan: Characteristics, problems and sources of finance. Retrieved from sbaer.uca.edu/research/icsb/2009/paper141.pdf
Irjayanti, M., & Azis, A. M. (2012). Barrier factors and potential solutions for Indonesian SMEs. Procedia Economics and Finance, 4, 3-12.
Kruja, A. D. (2013). The contribution of SMEs to the economic growth (case of Albania). Euro Economica, 32(1), 55-67.
Majocchi, A., Dalla Valle, L., & D’Angelo, A. (2013). Internationalisation, cultural distance and country characteristics: A Bayesian analysis of SMEs financial performance. Journal of Business Economics and Management, 16(2), 307-324.
Narine, S. (2008). Forty years of ASEAN: A historical review. The Pacific Review, 21(4), 411-429.
Poschke, M. (2013). Entrepreneurs out of necessity: A snapshot. Applied Economics Letters, 20, 658-663.
Rasiah, R., Rosli-Bin-Mohamad, M., & Sanjivee, P. (2011). Production linkages, technological intensities and economic performance: Small and medium enterprises in Malaysian manufacturing. Asian Journal of Technology Innovation, 19(2), 279-296.
Ruzzier, M., Hisrich, R. D., & Antoncic, B. (2006). SME internationalization research: Past, present and future. Journal of Small Bus Enterprise Development, 13(4), 476-497.
Shen, Y., Shen, M., Xu, Z., & Bai, Y. (2008). Bank size and small- and medium-sized enterprise (SME) lending: Evidence from China. Journal of World Development, 37(4), 800-811.
Tambunan, T. T. H. (2008). Development of small and medium enterprises in ASEAN countries. New Delhi: Readworthy Publications Ltd.
United Nations Industrial Development Organisation. (2006). Productivity enhancement and equitable development: Challenges for SME development. Retrieved from http://www.unido.org/fileadmin/import/59567_06COMPID_0591423_Ebook.pdf
Wattanapruttipaisan, T. (2003). Four proposals for improved financing of SME development in ASEAN. Asian Development Review, 20(2), 66-104.