IDEAS home Printed from https://ideas.repec.org/a/aif/journl/v13y2022i1p62-76.html
   My bibliography  Save this article

Effect of Micro, Small Business on economic Growth: A case Study of Konyokonyo Market, Custom Market and Jebel Market in Juba City South Sudan

Author

Listed:
  • John Mabor Adut Gach

    (BBA, General Cavendish University, UG and IEMBA (Marketing) University of International Business and Economics, Beijing, China.)

Abstract

This research article's goal is to analyze the impact of micro, small businesses on economic growth through a case study of Juba, South Sudan's Konyokonyo, Custom, and Jebel markets. It also looks at the difficulties faced by this sector in obtaining loans from most financial institutions as well as the significance that micro, tiny businesses play in creating jobs. The study gathered information from 51 respondents who were micro and small business owners in the konyokonyo market, custom market, and jebel market in Juba City. The information was analyzed using the SPSS statistical package with the help of statistical tools like tables, pie charts, bar graphs, histograms, frequencies, and percentages. According to the report, micro and small businesses have made a significant contribution to South Sudan's economic growth and development through the creation of jobs, GDP, the eradication of poverty, the empowerment of women, and the support of larger businesses. Nevertheless, despite the sector's significant contributions, South Sudan's micro and small businesses face a number of difficulties, including a lack of cash, a lack of knowledge, problems with energy and power, and faulty record-keeping. The study's findings support the idea that government at all levels and essential stakeholders should help micro and small businesses in order to ensure their long-term viability. The researcher suggests that there should be monitoring and supervision by the sectors that provide credit to micro small businesses to ensure that operators in the konyokonyo, custom, and jebel markets use the loans for the intended purposes in order to reduce default and collapse rates for long-term existence.

Suggested Citation

  • John Mabor Adut Gach, 2022. "Effect of Micro, Small Business on economic Growth: A case Study of Konyokonyo Market, Custom Market and Jebel Market in Juba City South Sudan," International Journal of Science and Business, IJSAB International, vol. 13(1), pages 62-76.
    • Handle: RePEc:aif:journl:v:13:y:2022:i:1:p:62-76
    as

    Download full text from publisher

    File URL: https://ijsab.com/wp-content/uploads/945.pdf
    Download Restriction: no
    File URL: https://ijsab.com/volume-13-issue-1/4928
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. David Audretsch & Roy Thurik, 2004. "A Model of the Entrepreneurial Economy," Papers on Entrepreneurship, Growth and Public Policy 2004-12, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Isabel Grilo & Roy Thurik, 2008. "Determinants of entrepreneurial engagement levels in Europe and the US," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 17(6), pages 1113-1145, December.
    2. Albert N. Link & John T. Scott, 2013. "Employment growth from public support of innovation in small firms," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 3, pages 41-64, Edward Elgar Publishing.
    3. Naudé, Wim & Nagler, Paula, 2022. "The Ossified Economy: The Case of Germany, 1870-2020," IZA Discussion Papers 15607, Institute of Labor Economics (IZA).
    4. Raquel Ortega-Argilés, 2022. "The evolution of regional entrepreneurship policies: “no one size fits all”," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(3), pages 585-610, December.
    5. Sander Wennekers & Roy Thurik & André Stel & Niels Noorderhaven, 2010. "Uncertainty Avoidance and the Rate of Business Ownership Across 21 OECD Countries, 1976–2004," Springer Books, in: Andreas Freytag & Roy Thurik (ed.), Entrepreneurship and Culture, chapter 0, pages 271-299, Springer.
    6. Sander Wennekers & André Stel & Roy Thurik & Paul Reynolds, 2008. "Nascent entrepreneurship and the level of economic development," Small Business Economics, Springer, vol. 30(3), pages 325-325, March.
    7. Faria, João Ricardo & Cuestas, Juan Carlos & Mourelle, Estefanía, 2010. "Entrepreneurship and unemployment: A nonlinear bidirectional causality?," Economic Modelling, Elsevier, vol. 27(5), pages 1282-1291, September.
    8. Neslihan K. Cevik, 2022. "The Millennial Generational Style: New Global Political and Economic Orientations," Journal of Economy Culture and Society, Istanbul University, Faculty of Economics, vol. 65(65), pages 29-46, June.
    9. Lorraine Uhlaner & Roy Thurik, 2010. "Postmaterialism Influencing Total Entrepreneurial Activity Across Nations," Springer Books, in: Andreas Freytag & Roy Thurik (ed.), Entrepreneurship and Culture, chapter 0, pages 301-328, Springer.
    10. Thurik, A.R., 2008. "Entrepreneurship, Economic Growth and Policy in Emerging Economies," ERIM Report Series Research in Management ERS-2008-060-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    11. Verheul, Ingrid & Van Stel, André & Thurik , Roy & Urbano, David, 2006. "The Relationship between Business Ownership and Unemployment in Spain: A Matter of Quantity or Quality?/La relación entre el autoempleo y el desempleo en España: Una cuestión de cantidad o de calidad?," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 24, pages 435-457, Agosto.
    12. Leitão, João & Ferreira, João, 2007. "Liberalization of European Telecommunications and Entrepreneurship: Why German and Portuguese Experiences are so Equal and so Different?," MPRA Paper 5728, University Library of Munich, Germany.
    13. Andreas Freytag & Roy Thurik, 2010. "Entrepreneurship and its Determinants in a Cross-Country Setting," Springer Books, in: Andreas Freytag & Roy Thurik (ed.), Entrepreneurship and Culture, chapter 0, pages 157-170, Springer.
    14. Schwienbacher, Armin, 2007. "A theoretical analysis of optimal financing strategies for different types of capital-constrained entrepreneurs," Journal of Business Venturing, Elsevier, vol. 22(6), pages 753-781, November.
    15. A. Arrighetti & A. Ninni, 2009. "Firm size and growth opportunities: a survey," Economics Department Working Papers 2009-EP05, Department of Economics, Parma University (Italy).
    16. Muhammad, Nabeel & Léo-Paul, Dana, 2015. "Collective Efficacy of a Regional Network: Extending the Social Embeddedness Perspective of Entrepreneurship," MPRA Paper 70120, University Library of Munich, Germany.
    17. Eugenie Byukusenge & John C. Munene, 2017. "Knowledge management and business performance: Does innovation matter?," Cogent Business & Management, Taylor & Francis Journals, vol. 4(1), pages 1368434-136, January.
    18. Andrew Atherton & João R. Faria & Dongxu Wu & Zhongmin Wu, 2015. "Human Capital, Entrepreneurial Entry and Survival," NBS Discussion Papers in Economics 2015/01, Economics, Nottingham Business School, Nottingham Trent University.
    19. José Ernesto Amorós & Carlos Poblete & Vesna Mandakovic, 2019. "R&D transfer, policy and innovative ambitious entrepreneurship: evidence from Latin American countries," The Journal of Technology Transfer, Springer, vol. 44(5), pages 1396-1415, October.
    20. María Jesús Abellán Madrid & Antonio García-Tabuenca & Cristina Suárez Gálvez, 2015. "R&D investments and firm survival across regions," Chapters, in: Charlie Karlsson & Urban Gråsjö & Sofia Wixe (ed.), Innovation and Entrepreneurship in the Global Economy, chapter 1, pages 21-43, Edward Elgar Publishing.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aif:journl:v:13:y:2022:i:1:p:62-76. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Farjana Rahman (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.