Publication detail

The Importance of Small and Medium Enterprises to Czech Economy

MALLYA, T. DOUBRAVSKÝ, K.

Original Title

The Importance of Small and Medium Enterprises to Czech Economy

Type

conference paper

Language

English

Original Abstract

In the nineties last century we have seen very quick changes of technologies, such as information technology, telecommunication technology, etc. With this development and the application of these technologies in productions, administration a information areas, the importance of economies of scale has declined in many sectors with an increased role for small and medium enterprises (Acs, and Audretsch, 1987; 1993). The reason was a shift in industry structure away from greater concentration and centralization in the direction of less concentration and decentralization. This was mainly due to changes in production technology, in consumer demand, labor supply, the pursuit of flexibility and efficiency in many sectors. These factors, in turn, led to the restructuring and downsizing of large enterprises and the entry of new firms, mostly small and medium size enterprises (Birch, David L., 1979). This also applies to Czech Republic, whereby small and medium enterprises play a significant role in its economy. Small and medium enterprises (SMEs) in Czech Republic create work opportunities and help to create social stability after the decline of heavy industries which used to be a symbol of former centrally planned economy. SMEs are also considered to be one of the main factors influencing the economic development of the country. Thus, this article tries to analyze the influence of SMEs on economic growth of Czech Republic. Mainly we want to establish its contribution to employment, added value, export. This task will be achieved using statistical methods by analyzing available data in different time series. The data used were obtained from different sources, especially from journals, Czech Statistics Office reports, documents of the Ministry of Trade and Commerce and reports of the Central Bank.

Keywords

SMALL AND MEDIUM ENTERPRISES, ADDED VALUE, NUMBER OF EMPLOYEES, EXPORT, ECONOMIC GROWTH

Authors

MALLYA, T.; DOUBRAVSKÝ, K.

Released

26. 5. 2006

Publisher

AKADEMICKÉ NAKLADATELSTVÍ CERM, s.r.o. Brno

Location

BRNO

ISBN

80-7204-454-0

Book

MANAGEMENT, ECONOMICS AND BUSINESS DEVELOPMENT IN THE NEW EUROPEAN CONDITIONS

Edition number

1

Pages from

57

Pages to

57

Pages count

1

BibTex

@inproceedings{BUT19100,
  author="Thaddeus {Mallya} and Karel {Doubravský}",
  title="The Importance of Small and Medium Enterprises to Czech Economy",
  booktitle="MANAGEMENT, ECONOMICS AND BUSINESS DEVELOPMENT IN THE NEW EUROPEAN CONDITIONS",
  year="2006",
  number="1",
  pages="1",
  publisher="AKADEMICKÉ NAKLADATELSTVÍ CERM, s.r.o. Brno",
  address="BRNO",
  isbn="80-7204-454-0"
}