Effect of Globalization on the Performance of Small and Medium Scale Enterprises in Nigeria
American Journal of Environmental and Resource Economics
Volume 4, Issue 4, December 2019, Pages: 125-131
Received: Aug. 4, 2019; Accepted: Sep. 29, 2019; Published: Oct. 16, 2019
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Authors
Akyuz Murat, Department of Business Administration, Nile University of Nigeria, Abuja, Nigeria
Opusunju Michael Isaac, Department of Business Administration, Nasarawa State University, Keffi, Nigeria
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Abstract
The examined the effect of globalization on the performance of small and medium scale enterprises in Nigeria. The research design adopted for the study is ex-post facto and the population of this is all the small and medium scale enterprises in Abuja. The population of the study is 72838 and was used as the sample size. Globalization was measured by trade openness and small and medium scale enterprise performance was measured by SMEs output. The study covered a period of 32 years from 1986-2018. The statistical tools adopted in this study were descriptive statistics, correlation analysis, unit root test, co-integration and granger causality test. The analysis was conducted using e-view statistical software and the finding indicate that globalization influence the performance of small and medium scale enterprises in Nigeria. The study suggested that Nigerian government of Nigeria should encourage import and export of small and medium scale products and service across border and they should also place little or no restriction on SMEs products and services in order to encourage the SMEs output growth in Nigeria.
Keywords
Globalization, Trade Openness, Performance, SMEs and Output
To cite this article
Akyuz Murat, Opusunju Michael Isaac, Effect of Globalization on the Performance of Small and Medium Scale Enterprises in Nigeria, American Journal of Environmental and Resource Economics. Vol. 4, No. 4, 2019, pp. 125-131. doi: 10.11648/j.ajere.20190404.12
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Copyright © 2019 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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