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Economic Crisis and Small Business in Erbil-Iraq

Author

Listed:
  • Cuma AkBAY

    (Professor, Sutcu Imam University –Turkey.)

  • Rizgar Saed Hussein

    (Assistant lecturer, Soran University- Iraq-Erbil.)

  • Bahzad Taher Salim

    (Assistant lecturer, Erbil Polytechnic University –Iraq-Erbil)

  • Sirwan Latif

    (Assistant lecturer, Erbil Polytechnic University –Iraq-Erbil)

Abstract

This research investigates the impact of economic crisis in Erbil-Iraq on small business (SBs) sector using factor analyses model. The sample constitute data collected from 110 SBs by using cross sectional data and simple random techniques. Results indicate that economic recession has a negative impact on the SBs sector in Erbil in the last two years. Employing the simplified static analysis framework based on simulations revealed that the economic recession has influenced negatively influence Erbil economy. Increasing general inflation rate, decreasing living standards and purchasing power have negative impacts the growth of SBs in Erbil and eventually the economy of Erbil.

Suggested Citation

  • Cuma AkBAY & Rizgar Saed Hussein & Bahzad Taher Salim & Sirwan Latif, 2016. "Economic Crisis and Small Business in Erbil-Iraq," International Journal of Business and Social Research, LAR Center Press, vol. 6(10), pages 1-7, October.
    • Handle: RePEc:lrc:larijb:v:6:y:2016:i:10:p:1-7
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    References listed on IDEAS

    as
    1. Kazuo Ogawa & Takanori Tanaka, 2013. "The global financial crisis and small- and medium-sized enterprises in Japan: how did they cope with the crisis?," Small Business Economics, Springer, vol. 41(2), pages 401-417, August.
    2. Anwar Ali Shah G. Syed & Muhammad Aslam Memon & Ali Hassan Halepoto & Faiz M. Shaikh, 2012. "Global Financial Crisis in South Asia and its Impact on Pakistan’s SMEs Sector by Using CGE Model," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 2(4), pages 84-88, April.
    3. Anwar Ali Shah G Syed & Muhammad Aslam Memon & Ali Hassan Halepoto & Faiz M Shaikh, 2012. "Global Financial Crisis in South Asia and its Impact on Pakistan’s SMEs Sector by Using CGE Model," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 2(4), pages 84-88.
    4. Ionut Busega, 2014. "Impact Of The Financial Crisis On Small And Middle Enterprises In Romania. The Differences Between Urban And Rural Evolutions," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 2(2), pages 186-194, November.
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