{"title":"MSME Promotion, Inequality and Decentralized Wealth Creation: A Strategic Policy Perspective","authors":"Saransh Royal, Kamaljit Singh, Ramesh Chander","doi":"10.1142/s1793993323500163","DOIUrl":null,"url":null,"abstract":"The study aims to ascertain the impact of micro, small and medium enterprises (MSMEs) growth on wealth creation and its distribution in India concerning macroeconomic variables such as GDP (Gross Domestic Product) per capita, unemployment, Foreign direct investment (FDI), human development index (HDI) and the urban population (URP). The research has examined the underlying short-term association using ECM, FMOLS, DOLS and CCR to estimate the long-run association between the identified variables. It documents a positive relationship between the share of the B[Formula: see text] populace and the FDI. On the other hand, per capita GDP, in the long run, had a negative association with MSME share, URP and HDI. Similarly, for the top 10 percentile (T[Formula: see text]) share, there was a positive relationship between MSME share and URP. Therefore, the results document a decentralized wealth creation for an MSME-focused development strategy in the short run to address skewed wealth creation in emerging societies.","PeriodicalId":44073,"journal":{"name":"Journal of International Commerce Economics and Policy","volume":"4 1","pages":""},"PeriodicalIF":1.3000,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of International Commerce Economics and Policy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1142/s1793993323500163","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
The study aims to ascertain the impact of micro, small and medium enterprises (MSMEs) growth on wealth creation and its distribution in India concerning macroeconomic variables such as GDP (Gross Domestic Product) per capita, unemployment, Foreign direct investment (FDI), human development index (HDI) and the urban population (URP). The research has examined the underlying short-term association using ECM, FMOLS, DOLS and CCR to estimate the long-run association between the identified variables. It documents a positive relationship between the share of the B[Formula: see text] populace and the FDI. On the other hand, per capita GDP, in the long run, had a negative association with MSME share, URP and HDI. Similarly, for the top 10 percentile (T[Formula: see text]) share, there was a positive relationship between MSME share and URP. Therefore, the results document a decentralized wealth creation for an MSME-focused development strategy in the short run to address skewed wealth creation in emerging societies.
期刊介绍：
Journal of International Commerce, Economics and Policy (JICEP) is a peer-reviewed journal that seeks to publish high-quality research papers that explore important dimensions of the global economic system (including trade, finance, investment and labor flows). JICEP is particularly interested in potentially influential research that is analytical or empirical but with heavy emphasis on international dimensions of economics, business and related public policy. Papers must aim to be thought-provoking and combine rigor with readability so as to be of interest to both researchers as well as policymakers. JICEP is not region-specific and especially welcomes research exploring the growing economic interdependence between countries and regions.
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