Determinants of Economic Growth across the European Union: A Panel Data Analysis on Small and Medium Enterprises

被引：19
|
作者：
Batrancea, Larissa M. [1 ]
机构：
[1] Babes Bolyai Univ, Dept Business, 7 Horea St, Cluj Napoca 400174, Romania
来源：
SUSTAINABILITY | 2022年 / 14卷 / 08期
关键词：
small and medium enterprises; exports; imports; trade; EU-28; economic growth; SME SECTOR; SYSTEM GMM; EXPORTS; INTERNATIONALIZATION; ENDOGENEITY; MANAGEMENT; IMPACT;
D O I：
10.3390/su14084797
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
Across the European Union, small and medium enterprises (SMEs) are major contributors to the increase of the regional gross domestic product. The present study investigates the relationship between economic growth, imports and exports regarding the activity of small and medium enterprises within the European Union (EU-28). A panel generalized method of moments (GMM) analysis and a panel two-stage least squares (2SLS) analysis were carried out for the period 2005-2020. Empirical results indicated that online imports and exports together with extra-EU imports and exports had a significant impact on economic growth, proxied by value added, venture capital investments and turnover from e-commerce. In the light of these results, regional and national authorities are called to support business endeavors of small and medium enterprises due to their relevance on the market and contribution to the financing of national budgets.
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页数：17
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