SMEs and Regional Economic Growth in Brazil

Túlio Cravo, Adrian Gourlay () and Bettina Becker ()
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Adrian Gourlay: Dept of Economics, Loughborough University

Discussion Paper Series from Department of Economics, Loughborough University

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.

Keywords: Firm size; market structure; economic growth; human capital. (search for similar items in EconPapers)
JEL-codes: L1 O1 O15 (search for similar items in EconPapers)
Date: 2010-01, Revised 2010-01
New Economics Papers: this item is included in nep-dev, nep-ent, nep-geo, nep-hrm, nep-lam and nep-sbm
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Citations: View citations in EconPapers (12)

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Related works:
Journal Article: SMEs and regional economic growth in Brazil (2012)
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