Analysis of micro, small, medium enterprises: The cases of Singapore, Malaysia, Philippines, Thailand and Vietnam

Abstract

Micro, small and medium enterprises (MSMEs) have a great importance in various economic systems in global scale. In early 2000s, the promotion of MSMEs has been a main key player in promoting economic activity in the region. As purported and pillared by the ASEAN Economic Blueprint, the main economic integration strategy will focus on the merging of local economies in the region through the MSMEs. However, theoretically and economically speaking, in order for integration to exist, the local markets should be moving sensitively with respect to other markets inside the economic bloc market. Thus, this study attempted to study the conditioning effect of the number of MSMEs, number of employment generation to the Gross Domestic Product (GDP) of Singapore, Malaysia, Philippines, Thailand and Vietnam. The researchers used descriptive-causal design through panel regression model using secondary data to treat and analyze data sets. The findings revealed that there was scattered pattern of growth among numbers of MSMEs in the undistributed growth among employment generation of MSMEs. Considerably, the regression revealed through a random effect model that there are no integration or movement effects of MSME contributions to their respective GDP using Singapore as reference. The study concluded that there is no countryeffect sensitivity within and among the compared countries. Hence, economic integration as a status quo is not a viable economic strategy. Thereby, the researchers recommend the internal policies within nations to intensify, promote, develop and provide safety nets to strengthen the MSMEs of their respective states.

Understanding economic contributions of MSMEs among Philippine Regions

“…The study of (Censon et al 2020) supports the PLS results which stated that the MSMEs significantly affect the GDP growth of countries including the Philippines, Thailand and Vietnam. Additionally, the number of MSMEs directly influenced the GDP in ASEAN countries including Singapore, Philippines, Thailand, Vietnam, and Malaysia (Mendoza & Tadeo, 2022). Furthermore, Putra (2021) revealed that 3,821…”

“…Micro, Small, and Medium Enterprises (MSMEs) is served as main economic contributor in the Philippines and in the Southeast Asian Region (Tadeo & Mendoza, 2022;Tadeo & Solis, 2022). They help to reduce poverty by giving job opportunities in the nation's growing workforce and stimulating economic growth in rural regions (Senate Economic Planning Office, 2012).…”

Pilot Study: Determinants of Small and Medium Business Performance

“…MSMEs (micro, small, and medium-sized firms) are an important element of the Indonesian economy. MSMEs have an important role in overcoming unemployment (Amoah & Amoah, 2018), economic growth, job creation and poverty alleviation (Al-Haddad et al, 2019;Ali, 2014;Iqbal, Rahman & Nam, 2020), role in development (Mualla, 2018), job creation (Mendoza & Tadeo, 2023), role in rural development (Kubíčková et al, 2017) and equitable development (Erdin & Ozkaya, 2020).…”

Utilization Of Modified SERVQUAL Model in Crafting Strategies Among Courier Services

“…Service quality was crucial for business operations because it affects customer loyalty and satisfaction. Companies that maintain their service quality properly can boost their customers' commitment to using their services or products in the long term (Andajani et al, 2019) as well as part of enterprise innovation and development (Tadeo et al, 2022) both internationally such as in southeast asian countries and the country at-large (Mendoza and Tadeo, 2023). As a result, customers' concerns were directly expressed to the courier company, and officers will respond to whatever issue arises to resolve the problems and concerns of the customers.…”