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The Role of Small Businesses (Small Scale Economic Projects) in Alleviating the Acuity of Unemployment

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  • Haga Elimam

Abstract

Small businesses are the essential constituents in the development of economy and generating employment opportunities within country. Unemployment is the major concern, which is spreading its roots in various forms and dimensions. The objective of the study was to examine the role of small businesses in alleviating the acuity of unemployment rate. Quantitative approach has been utilized to examine the role of small businesses. Therefore, data was collected from general statistics, directorate of the Kingdom of Saudi Arabia, during the years 2005-2013. Multiple Regression Analysis using the time series approach has been implemented to analyze the gathered information through SPSS version 20.0. The findings have stated that there was a significant impact of small projects on the unemployment rate of Saudi Arabia (p=0.097). Furthermore, statistically insignificant results were revealed for amount of funding variable (p=0.451). A negative relationship has been determined between unemployment rate and amount of funding; while positive and direct relationship was determined between unemployment rate and population. Small businesses are vital in escalating the economy of the country and sustaining the environmental protection. However, small businesses must amend themselves according to the strategies devised for large projects to contribute more to alleviate unemployment rate in the Kingdom of Saudi Arabia.

Suggested Citation

  • Haga Elimam, 2017. "The Role of Small Businesses (Small Scale Economic Projects) in Alleviating the Acuity of Unemployment," International Business Research, Canadian Center of Science and Education, vol. 10(3), pages 120-132, March.
    • Handle: RePEc:ibn:ibrjnl:v:10:y:2017:i:3:p:120-132
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    References listed on IDEAS

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    2. Albert N. Link & John T. Scott, 2013. "Employment growth from the Small Business Innovation Research program," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 4, pages 65-88, Edward Elgar Publishing.
    3. Amartya Sen, 2013. "The Ends and Means of Sustainability," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 14(1), pages 6-20, February.
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    Cited by:

    1. Hammed Olabode Ojugbele & Robertson K. Tengeh & Oyebanjo Ogunlela, 2022. "COVID-19 bailout nationalism: a predicament in saving small immigrant-owned businesses in South Africa," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(6), pages 33-42, September.
    2. Qasim Alawaqleh & Mahmoud Al-Sohaimat, 2017. "The Relationship between Accounting Information Systems and Making Investment Decisions in the Industrial Companies Listed in the Saudi Stock Market," International Business Research, Canadian Center of Science and Education, vol. 10(6), pages 199-211, June.

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    More about this item

    Keywords

    GDP; labor; small businesses; population; unemployment;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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