2010
DOI: 10.1007/s11187-010-9261-z
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SMEs and regional economic growth in Brazil

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 e… Show more

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Cited by 67 publications
(50 citation statements)
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References 43 publications
(36 reference statements)
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“…Selain itu pihak perbankan yang berperan dalam akses modal juga kesulitan dalam meminimalisir risiko default atas kredit yang dapat disalurkan kepada UMKM. Hal ini dibuktikan oleh hasil penelitian di beberapa negara, seperti Brazil, Peru, dan sejumlah negara di Afrika Selatan (Cravo, et al, 2010;Falkena, Hans, et al, 2008).…”
Section: Pendahuluanunclassified
“…Selain itu pihak perbankan yang berperan dalam akses modal juga kesulitan dalam meminimalisir risiko default atas kredit yang dapat disalurkan kepada UMKM. Hal ini dibuktikan oleh hasil penelitian di beberapa negara, seperti Brazil, Peru, dan sejumlah negara di Afrika Selatan (Cravo, et al, 2010;Falkena, Hans, et al, 2008).…”
Section: Pendahuluanunclassified
“…For instance, in 2007, SME Support Service provided US$1.1 billion financial support for the Brazilian SMEs (Cravo, Gourlay, & Becker, 2010). Based on the country-level data analysis by Ayyagari, Beck, and Demirguc-Kunt (2007), SMEs in countries across the globe provide 60% of employment in the manufacturing sector.…”
Section: Smes and Innovation Processmentioning
confidence: 99%
“…The focus on LMICs is justified, firstly, because private firms in these countries tend to be more labor intensive and less innovative and, consequently, are the main employers of a large proportion of the labor force (for example, Acz and Amoros, 2008;Cravo et al, 2012). Secondly, restricting the scope to LMICs helps identify the binding constraints that SMEs might face in similar institutional contexts.…”
Section: Inclusion Criteria and Search Methodsmentioning
confidence: 99%