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In today economy the small and
medium enterprises are consider the veritable tool for the
economic growth of a country. Due to its vital importance in
the contribution of GDP, all the developed and developing
countries focusing on strengthen and development of SMEs
sector. This research aims to know the effects of process
innovation on SMEs Growth and to find the impact of SMEs on
economic growth of Pakistan. A secondary data has been
collected for the period from 1981 to 2013. Main economic
variables are included in this research i.e. GDP growth
rate, Trademark total, Public expenditure on education,
Patent Applications, High Technology Exports, Share of
export as percentage of GDP, Inflation rate for the analysis
of the objectives. Two linear regression equations have been
constructed. The findings conclude that there is positively
significant impact found between process innovation and SMEs
growth. Similarly, the strong correlation is estimated
between SMEs performance and economic growth of Pakistan.
Keywords: Enterprise Efficiency, Economic Growth, SMEs,
Entrepreneur |
