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SME DEVELOPMENT, ECONOMIC GROWTH AND STRUCTURAL CHANGE: EVIDENCE FROM GHANA AND SOUTH AFRICA

Research article
Natalia Tsatsenko
DOI:
https://doi.org/10.23649/jae.2020.2.14.7
Issue: № 2 (14), 2020
Published:
20.04.2021
PDF

Natalia Tsatsenko

University of Siegen

Abstract

This paper raises the question of how SME development can be embedded into the process of structural change. The linkages between various transformations’ processes aimed at enhancing the role of SMEs in two countries in the Sub-Saharan African region as a new growth opportunity are highlighted. In addition, under rapidly changing economic conditions, small and medium-sized enterprises (SMEs) are very likely to have a potential contribution to the economy. To the understanding of the interaction between SMEs, structural change and economic growth, this paper explores the nature of SME development, the nature of structural change, and the process of economic growth in Ghana and South Africa based on country-study by using the empirical data. Moreover, the development of the SME in the context of private sector development is studied through SME-policy.

Keywords:
medium-sized, economic, africa, small, change, south, structural, ghana, enterprises, growth.

Full text is available in pdf only

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