Employment Generation Growth Research Articles

Impact of Development Bank’s Credit Financing on Small and Medium-Scale Enterprises Performance

This study examined the impact of Development Bank Credit Financing (DBCF) on the performance of small and medium enterprises, employment generation growth, financial asset growth and profit growth in Nigeria. A survey research design was employed; 398 SMEs were randomly selected from the beneficiaries of DBCF loans. Descriptive analysis was conducted, and binary logistic regression was employed to examine the impact of DBFC on SMEs. The result showed that the DBCF Amount of Credit Loan Received (ACLR) positively impacted the growth of SMEs, given their beta coefficients of 0.510 and 0.765, respectively. Their respective p-values and Wald statistics of 0.001, 0.001 and 14.050, 13.486 show their significance level. However, it was discovered that there is no significant impact of DBCF on the profit growth of SMEs in Nigeria. The average monthly tax payment (AVMTL) made by the micro, small and medium enterprises (MSMEs) was established to negatively impact on SMEs profit. The coefficient (β) = - 1.004 (100.4%) showed that a unit change in the AVMTL while holding other variables constant led to about 1.004 unit decline in the logit, SMEs profit. Specifically, it means MSMEs profit will decrease by the exact amount of what is paid as tax.

Strengthen Bangladesh Economic Growth & Employment through Travel & Tourism Capital Investment and Visitor Export

Travel & Tourism is a developing sector in Bangladesh and it is very imperative to ensure sustainable development goal of Bangladesh and uphold GDP @ 7 %, where Total Travel & Tourism’s contribution share near about 4.7 % of total GDP. It will be a challenging task for Bangladesh to maintain GDP growth more than 7% in the near future but the tourism sector has the potentiality to support GDP growth besides the RMG sector. Bangladesh is a land of river & beauty which has world longest sea beach with UNESCO world heritage Sundarbans. Through the paper, we observe the causality between Travel & Tourism’s contribution to GDP growth & employment in Bangladesh by formulating an econometric model. All analyses have been conducted by vector error correction model and Engle & Ganger test of causality with the yearly data on employment in the tourism sector, visitor export, and capital investment in the tourism sector over the period of 1990 to 2015. Through the analyses, we detect that travel and tourism’s variables together have a long-run significant relationship with GDP growth and employment creation. Our forecast that in future Bangladesh GDP growth and employment growth in tourism will be strengthened through capital investment and visitor export and in coming years Bangladesh GDP growth will be near to 7% whereas in 2016 Bangladesh GDP growth rate was 6.9 % and employment generation growth in tourism sector is also forecasted to be near to 10%.