THE IMPACT OF MACROECONOMIC CONDITIONS ON SMES PERFORMANCE IN TERMS OF EMPLOYMENT

RUSU Valentina Diana, "Alexandru Ioan Cuza" University of Iasi, Romania

ROMAN Angela, "Alexandru Ioan Cuza" University of Iasi, Romania

Abstract:
Improving SME’s performance is a major concern because they are a significant source for creating value added, employment, innovation and economic growth. Through this paper we analyse the evolution of the SMEs performance in terms of employment in the last years, and we try to determine which of the macroeconomic performance indicators are influencing the growth of SME’s employment in seven CEE countries. To achieve the objectives we use correlation and multiple linear regression models on panel data. The results show that GDP, total private final consumption, gross capital formation and wages have a strong influence on SMEs employment.

Keywords: Small and medium enterprises, performance, employment, CEE, crisis

JEL Classification: C33, G01, L25

Volume: 68, Issue: 3

Pages: 142 - 159

Publication date: December, 2016

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/68311rusu&roman.pdf

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