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The Role of Small Business in Economic Growth and Poverty Alleviation in West Virginia: An Empirical Analysis

Author

Listed:
  • Gebremeskel Gebremariam

    (Department of Economics, Virginia Tech)

  • Tesfa Gebremedhin

    (Regional Research Institute, West Virginia University)

  • Randall Jackson

    (Regional Research Institute, West Virginia University)

Abstract

The main objective of the study is to empirically evaluate the critical roles of small businesses in economic growth and poverty alleviation in West Virginia. In OLS and 2SLS regression analysis a positive relationship exists between small business and economic growth. A strong inverse relationship also exists between the incidence of poverty and small business and economic growth. Thus, the empirical result establishes the linkage between small business, economic growth and the incidence of poverty.

Suggested Citation

  • Gebremeskel Gebremariam & Tesfa Gebremedhin & Randall Jackson, 2004. "The Role of Small Business in Economic Growth and Poverty Alleviation in West Virginia: An Empirical Analysis," Working Papers Working Paper 2004-10, Regional Research Institute, West Virginia University.
    • Handle: RePEc:rri:wpaper:2004wp10
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    References listed on IDEAS

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    Cited by:

    1. Sharafat Ali, 2013. "The Small and Medium Enterprises and Poverty in Pakistan: An Empirical Analysis," European Journal of Business and Economics, Central Bohemia University, vol. 8(2), pages 25-301:8, July.
    2. AKM Asaduzzaman Patwary ∗, 2020. "Private Sector SMEs in Realizing SDG 1- "No Poverty" in the Context of Bangladesh," International Journal of Humanities, Arts and Social Sciences, Dr. Mohammad Hamad Al-khresheh, vol. 6(6), pages 274-288.
    3. Dr. J. G. Sri Ranjith & Dr. O. G Dayaratna Banda, 2014. "Determinants of Success of Small Business: A Survey-Based Study in Kuliyapitiya Divisional Secretariat of Sri Lanka," International Journal of Business and Social Research, LAR Center Press, vol. 4(6), pages 38-50, June.
    4. Dr. J. G. Sri Ranjith & Dr. O. G Dayaratna Banda, 2014. "Determinants of Success of Small Business: A Survey-Based Study in Kuliyapitiya Divisional Secretariat of Sri Lanka," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 4(6), pages 38-50, June.
    5. Dominic Owusu & Prince Opoku Agyemang & Douglas Opoku Agyeman, 2022. "Electricity Energy Access and Profitability of Micro and Small Enterprises in Ghana," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 8(1), pages 46-59, January.
    6. Purmiyati Atik & Berma Madeline & Talib Basri Abdul & Rakhima Marta Sabila, 2019. "The Role of Banking Capital in Industrial Sector Micro Enterprises for Poverty Alleviation: A Study in East Java, Indonesia," Foundations of Management, Sciendo, vol. 11(1), pages 131-142, January.

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    More about this item

    Keywords

    small businesses; economic growth; incidence of poverty;
    All these keywords.

    JEL classification:

    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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