Contribution of small and medium enterprises to economic development: Evidence from a transiting economy

Obi, James and Ayodotun, Stephen Ibidunni and Atolagbe, Tolulope and Olokundun, Maxwell and Amaihian, A.B and Borishade, Taiye and Peter, F. (2018) Contribution of small and medium enterprises to economic development: Evidence from a transiting economy. Data in Brief, 18. pp. 835-839.

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Abstract

The focus of this research was to present a data article on the contribution of SMEs to economic development in a transiting economy. Descriptive research design was adopted in this study. Data were obtained from 600 respondents in 60 small-scale enterprises located in different parts of the country (20 small-scale enterprises located in Lagos State, 20 in Anambra State and 20 in Kano State of Nigeria respectively). Data analysis was carried out using tables and percentages and the null hypotheses of the study was tested using chi-square (X2 ) inferential statistical model at 5% level of significance. The findings revealed that there is a significant relationship between the operation of small and mediumscale enterprises and economic growth in developing nations.

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