IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789811266539_0008.html
   My bibliography  Save this book chapter

The Impact of SMEs on Urban Poverty and Growth in Sri Lanka

In: BUSINESSES: RESILIENCE AND SUSTAINABILITY Evidence from Emerging Market Developing Economies

Author

Listed:
  • Dushyanthi Imalka Herath
  • Sanika Sulochani Ramanayake

Abstract

Sri Lanka is a lower-middle-income country with a high poverty rate, particularly in urban areas. The urban poverty rate increased to 5.3% in 2020 and the population fell below the poverty line. The contribution of small and medium enterprises (SMEs) to alleviate urban poverty has now been recognized as a key indicator. More than 50% of SMEs have contributed in diverse ways to the growth and development of Sri Lanka. Therefore, this chapter aims to examine the impact of SMEs on urban poverty in Sri Lanka. The main objectives of this study are to identify urban poverty, understand the importance and propensity of individuals to establish SMEs, identify the impact of SMEs to reduce urban poverty and find solutions to reduce poverty and enhance growth in Sri Lanka. This study was based on quantitative methodology by selecting a study sample in the Bamunakotuwa Divisional Secretariat Division of Kurunegala District in Sri Lanka. Probability sampling techniques like cluster and simple random sampling methods were used with survey and questionnaire methods for data collection. Correlation analysis and multiple regression were used for analysing data using SPSS software. The key findings in this research indicate that SMEs have a significant impact on reducing urban poverty and they help to generate growth in Sri Lanka.

Suggested Citation

  • Dushyanthi Imalka Herath & Sanika Sulochani Ramanayake, 2023. "The Impact of SMEs on Urban Poverty and Growth in Sri Lanka," World Scientific Book Chapters, in: Reena Marwah & Anshi Goel (ed.), BUSINESSES: RESILIENCE AND SUSTAINABILITY Evidence from Emerging Market Developing Economies, chapter 8, pages 139-155, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811266539_0008
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789811266539_0008
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789811266539_0008
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Business Resilience; Sustainable Business Strategies; Micro Small & Medium Enterprises; Women Entrepreneurs; Stock Markets; Developments in ASEAN Economies;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

    Statistics

    Access and download statistics

    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:wsi:wschap:9789811266539_0008. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    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.