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Volume :16 Issue : 3 2009      Add To Cart                                                                    Download

Estimating the Efficiency of Public Finance Towards Developing Small Enterprises in Jordan

Auther : Iyad A. AL-Nsour

This study aims at estimating the production function for small enterprises SE’s that are financed from public funding institutions in Jordan, such the Development & Employment Fund (DEF), Agricultural Credit Corporation (ACC), and Handicrafts Fund (HF). It also aims at estimating the socio economic efficiency and productivity indicators of these enterprises, along with estimating, not only the rate of substitution between the factors of production in small enterprises that financed from the governmental institutions, but also estimating the relative changes in prices of production factors on cost of labor and employment levels. By using the econometric models to test the hypothesis, the study concludes that the small enterprises that financed from DEF and HF are labor intensive, while the ACC’s enterprises are capital intensive. The small enterprises financed from ACC have more efficiency than others, and the cost of capital and employment is more affected than others according to changes in prices of production factors. Finally, the study suggests establishing a higher commission for small enterprises and merging the public funding institutions under one source.

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