Big Questions about Small Firms

Carmen Pages

Chapter 9 in The Age of Productivity, 2010, pp 207-222 from Palgrave Macmillan

Abstract: Abstract Latin America has many small firms, and many of these suffer from low productivity. Governments in the region have increasingly invested in policies to support micro-, small, and medium enterprises (SMEs). The justification for these policies has been that SMEs face extraordinary challenges that hinder their productivity and growth, and thus their potential to provide jobs and incomes for vast segments of the population. However, despite the enthusiasm with which SME policies are often promoted, little is known about their effectiveness or impact. This chapter provides a framework for analyzing the rationale and potential impact of SME policies on both firm performance and aggregate productivity.

Keywords: Small Firm; Large Firm; Market Failure; Policy Variable; Aggregate Productivity (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-10761-8_9

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DOI: 10.1057/9780230107618_9

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