SMEs_and_Growth_in_Brazil.pdf (216.08 kB)

SMEs and regional economic growth in Brazil

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posted on 15.03.2010 by Tulio A. Cravo, Adrian Gourlay, Bettina Becker
This paper examines the relationship between the Small and Medium Enterprise (SME) sector and economic growth for an annual panel of Brazilian states for the period 1985-2004. We investigate the importance of the relative size of the SME sector measured by the share of the SME employment in total formal employment and the level of human capital in SMEs measured by the average years of schooling of SME employees. The empirical results indicate that the relative importance of SMEs is negatively correlated with economic growth, a result that is consistent with previous studies examining developing countries. In addition, our results also show that human capital embodied in SMEs may be more important for economic growth than the relative size of the SME sector.

History

School

  • Business and Economics

Department

  • Economics

Publisher

© Loughborough University

Version

VoR (Version of Record)

Publication date

2010

Notes

This is a working paper. It is also available at: http://ideas.repec.org/p/lbo/lbowps/2010_01.html

ISSN

1750-4171

Book series

Loughborough University. Department of Economics. Discussion Paper Series;WP 2010 - 01

Language

en

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