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

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.

The Relationship between Accounting Information Systems and Making Investment Decisions in the Industrial Companies Listed in the Saudi Stock Market

“…Saudi Arabia needs for efficient investment policies for the economic improvements in order to cope up with the financial distress because of the war in Yemen and Syria. In line with that, Elimam (2017) indicates that in 2010 Saudi Arabia started new investments related to the entrepreneurship. The characteristics of AIS and renovation and maintenance of the hardware and software are supporting the existence of foreign markets and foreign sources for investments in the industrial companies listed in the Saudi Stock Market, which will contribute to the success and growth of the Saudi economy.…”

“…The major cause for this assertion is that large and small businesses are the basis of revenues, budgets and the extent of the workforce (Elimam, 2017). The contribution of the characteristics of the accounting information system and the renovation and maintenance of the hardware and software towards attracting investments is observed through the existence of a strong statistical relationship between them.…”

SME Finance: A Comparative Study of European, Japan and US Model: What Bangladesh should do to Achieve Sustainable Development Goal 9?

“…In addition, the role of small firm in the main stream economy is evitable from job creation to absorbing market risk. Elimam (2017) found a significant positive impact of small business on Saudi Arabian employment market while analyzing the data from the year 2005 to 2013. Cho et al (2017) in Korea, Maksimov et al (2017) in seven LDCs, Ibrahim and Ladan (2014) in Nigeria found SMEs positive impact on employment.…”

The Impact of Entrepreneurial Networks on The Performance of Small Business in Nigeria

“…SMEs transform and develop communities (Carrasco-Monteagudo & Buendia-Martinez, 2013). SMEs are an essential part of the development of any economy and the creation of opportunities for employment in countries (Elimam, 2017). In Nigeria, the MSME sector is said to be about 85% of total industrial employment.…”