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http://dx.doi.org/10.13106/jafeb.2021.vol8.no9.0155

The Contribution of Small and Medium-Sized Enterprises in the Economic Growth of the Southeast Region of Vietnam  

PHAM, Thanh Van (University of Economics and Law, Vietnam National University Ho Chi Minh City)
NGUYEN, Van Luan (University of Economics and Law, Vietnam National University Ho Chi Minh City)
NGUYEN, Thi Lai (University of Economics and Law, Vietnam National University Ho Chi Minh City)
PHAN, Thi Thu (Southern Sub-Institute of Fisheries Economics and Planning)
Publication Information
The Journal of Asian Finance, Economics and Business / v.8, no.9, 2021 , pp. 155-163 More about this Journal
Abstract
This research was conducted to check the impact of factors related to the small and medium-sized enterprises (SME) on the economic growth in the Southeast region of Vietnam, over the years from 1996-2019. This paper applies a combination of FEM, DKSE, GMM, and RIDGE-FEM regression methods to estimate the influence of independent variables on the economic growth of the whole Southeast region with the panel data collected from GSO; and applying the OLS regression model for each province. The study finds that all variables have a statistically significant positive impact on the economic growth of the study area. Accordingly, the importance of the variables is in the following order: (1) the proportion of workers by professional and technical qualification (SMEH), (2) the number of vocational training schools (LnTSCH), and educational level of workers (LnSchool), (3) the number of SME enterprises (LnSME); (4) The average number of years in the schooling of employees in the enterprise (LnSchool); (5) Enterprise capital (LnCAP); and (6) the average number of employees of SME (LnSMER). The research results also show that factors related to the quality of labor resources have a more positive influence on growth than both the labor size and financial capital of SMEs.
Keywords
Small and Medium-Sized Enterprises; Economic Growth; Capital; Labour; Southeast Region; Vietnam;
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