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Title: SMEs and regional economic growth in Brazil
Authors: Cravo, Tulio A.
Gourlay, Adrian R.
Becker, Bettina
Keywords: Firm size
Market structure
Economic growth
Human capital
Issue Date: 2010
Publisher: © Loughborough University
Series/Report no.: Loughborough University. Department of Economics. Discussion Paper Series;WP 2010 - 01
Abstract: 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.
Description: This is a working paper. It is also available at: http://ideas.repec.org/p/lbo/lbowps/2010_01.html
Version: Published
URI: https://dspace.lboro.ac.uk/2134/6005
ISSN: 1750-4171
Appears in Collections:Working Papers (Economics)

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