Turkish Journal of Computer and Mathematics Education Vol.12 No. 9 (2021), 3296-3307 Research Article The Impact Of Current Fiscal Policy On Small And Medium Enterprises In The Kingdom Of Bahrain 1Mohamed Hasan Ali Thabet, 2Muhammad Abrar ul Haq, 3Vinodh K Natarajan, 4Farheen Akram 1College of Administrative & Financial Sciences, AMA International University-Bahrain Email:
[email protected] 2College of Business Administration, University of Bahrain, Bahrain Email:
[email protected] ORCID: 0000-0002-1519-8000 3College of Administrative & Financial Sciences, AMA International University-Bahrain Email:
[email protected] 4College of Business Administration, University of Bahrain, Bahrain Email:
[email protected] Article History: Received: 11 January 2021; Revised: 12 February 2021; Accepted: 27 March 2021; Published online: 20 April 2021 ABSTRACT: In economies all around the world the small and medium enterprises (SMEs) play a major role in the development of the economies, this impact is especially shown in developing countries. SMEs are the most contributors to the economic development of the country and the creation of jobs in the economies worldwide. Therefore, the key aim of the current study was to measure the effect of the fiscal policy along with real interest rate and literacy rate on the growth of SMEs registered in the Kingdom of Bahrain. For this purpose, the time- series data of the last 20 years from 1998 to 2018 was collected from the world bank and the official government database. ADF unit root test was applied to check the stationary of the variables and the Ordinary Least Square (OLS) method was applied to analyze for further analysis as all the variables were found stationary at level.