International Journal of Economic Research 09/2011; 2(5):82-89.

ABSTRACT The study seeks to establish the major causes of Small and Medium Enterprises (SMEs) failure in Zimbabwe. Basing on a case study for Bindura, Ordinary Least Squares (OLS) estimation criteria was employed to estimate the change in return on investment function which was used as proxy for SME failure. Data were gathered through formal and informal interviews, questionnaires and focus group discussions with SMEs which were randomly selected from different clusters representing different industries. Results showed that lack of general knowledge on business management, unavailability of credit, import competition and high cost of raw materials are the major causes of SME failure in Zimbabwe.

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    ABSTRACT: There has been little research on the processes of providing support to new firm entrepreneurs, and little evaluation of the provision of support to existing small firm entrepreneurs through advice, counselling or consultancy. Despite this lack of research, support for new firm entrepreneurs has been largely withdrawn in England and Wales with the focus of support, through Personal Business Advisers (PBAs), targeted at existing small firm entrepreneurs who employ more than 20 people and have the potential for growth. There are theoretical arguments that suggest support for new start entrepreneurs should be provided on a mentoring basis. If this is provided selectively, then this should have an impact on the management ability and confidence of such new firm starts. This paper reports the results of interviews with new firm entrepreneurs engaged in such a mentoring relationship. The research, undertaken in Scotland, suggests that such a relationship is beneficial. Given the high failure rates of new firm formation, such support could have wider application and benefits. It is suggested that, for certain regions, provision of new firm support can yield positive and worthwhile returns to public sector investment, particularly in a region such as the West of Scotland, characterised by a need to diversify its economy and raise the formation rate of new start small firms and entrepreneurs.
    Journal of Small Business and Enterprise Development 05/1998; 5(2):151-161.
  • 01/1987; Pinter Publishers.
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    ABSTRACT: This paper analyzes the empirical relationship between economic growth and export expansion in developing countries as observed through an intercountry cross-section. Employing data from 55 middle income developing countries for the period 1960–1977, bivariate tests revealed significant positive associations between growth and various other economic variables including the growth of manufacturing output, investment, total exports, and manufacturing exports. A production function model was also specified and estimated with the cross-sectional data. The results indicated that export performance was important, along with capital formation, in explaining the intercountry variance in GDP growth rates during the 1960–1977 period.
    Journal of Development Economics. 01/1981;


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