The Impact of Small Business Financing on The Digital Palestinian Economy
Date
2024-07-15
Authors
Bayyoud Mohammed
Sadi Irziqat
Rezeq Mohanad
Journal Title
Journal ISSN
Volume Title
Publisher
Ahliya Journal of Business Technology and MEAN Economies
Abstract
This study investigates the influence of financing on the digital economy of small businesses in
Palestine. Through a combination of surveys and interviews with 50 Palestinian small business
owners, the research reveals a nuanced relationship between financial support and its economic
effects. The findings indicate that while some respondents experienced benefits such as enhanced
competitiveness and market expansion, others encountered difficulties, suggesting the need for
customized financial solutions. The study identifies prevalent financing mechanisms, including bank
loans and government grants, and emphasizes the importance of specialized support programs in
fostering entrepreneurship and generating employment. Job creation is highlighted as a significant
economic impact, corroborating existing research on the role of small businesses in reducing
unemployment and promoting economic stability. The study also addresses challenges related to
financing, such as regulatory hurdles and political issues with international stakeholders, as noted in
the literature. Overcoming these challenges is essential for maximizing the potential of small
businesses in Palestine. Recommendations from respondents include simplifying regulations and
enhancing collaboration between government bodies and financial institutions, offering practical
measures to improve financial accessibility for small enterprises. This research contributes to a deeper
understanding of how financing mechanisms can stimulate economic growth within the unique
context of Palestine.
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Citation
Bayyoud, M., Irziqat, S., & Rezeq, M. (2024). The impact of small business financing on the digital Palestinian economy. Ahliya Journal of Business Technology and MEAN Economies, 1(1), 29–41.