CONSTRAINED POTENTIAL: A CHARACTERIZATION OF MEXICAN MICROENTERPRISES

IF 1.3 Q3 BUSINESS

Journal of Developmental Entrepreneurship Pub Date : 2022-07-01 DOI:10.1142/s108494672250011x

A. Negrete

引用次数: 0

Abstract

Firm-level data spanning from 1994 to 2012 is used to investigate the apparent stagnation of Mexican microenterprises. The existence and nature of constraints are studied by estimating the empirical probability of a business’s success. A performance index is defined based on firm levels of capital stock and monthly profits. The predicted values are used to classify all microenterprises into one of three categories: upper, middle, or lower segment. Overall, the study identifies evidence of constrained productivity and capital misallocation, as well as the plausibility of cost-effective interventions. Specifically, microenterprises from the middle segment face substantial external constraints and their total share increased from 16 to 22 percent over time. The monthly marginal returns average 30 percent across lower-segment firms and 1 percent across those in the upper segment. Finally, the differences in monthly profits among segments are explored using the Oaxaca-Blinder decomposition method.

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潜力受限:墨西哥微型企业的特征

1994年至2012年的公司层面数据用于调查墨西哥微型企业的明显停滞。通过估计企业成功的经验概率来研究约束的存在性和性质。绩效指数是根据公司的股本水平和月度利润来定义的。预测值用于将所有微型企业分为三类：上段、中段或下段。总体而言，该研究确定了生产力受限和资本错配的证据，以及成本效益高的干预措施的合理性。具体而言，来自中间阶层的微型企业面临着巨大的外部制约，其总份额随着时间的推移从16%增加到22%。较低细分市场公司的月边际回报率平均为30%，较高细分市场公司为1%。最后，使用瓦哈卡-布林德分解方法探讨了各细分市场月度利润的差异。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Developmental Entrepreneurship BUSINESS-

CiteScore

2.10

自引率

0.00%

发文量

期刊介绍： The Journal of Developmental Entrepreneurship (JDE) provides a forum for the dissemination of descriptive, empirical, and theoretical research that focuses on issues concerning microenterprise and small business development, especially under conditions of adversity. The intended audiences for JDE are scholars who study issues of developmental entrepreneurship and professionals involved in governmental and non-governmental efforts to facilitate entrepreneurship in economic and community development programs around the world. Articles will cover a broad range of topics, including: -Entrepreneurship and self-employment in developing contexts -Challenges and opportunities unique to minority and women entrepreneurs -Microenterprise funds and private-sector small business lending practices -Legislation, regulation, and tax policy that impact entrepreneurship and economic development -Processes that facilitate growth and development within emerging enterprises -Networks within and among entrepreneurial ventures -Marketing patterns and approaches in venture growth and development -International developmental entrepreneurship programs -Entrepreneurship in the informal economic sector -Education and training for aspiring entrepreneurs -Industry practices that adversely affect microenterprise development -Economic and social impacts of microenterprise activity