Regional growth and SMEs in Brazil: a spatial panel approach

Tulio A. Cravo, Bettina Becker, Adrian Gourlay

Research output: Contribution to journalArticlepeer-review

Abstract

Cravo T. A., Becker B. and Gourlay A. Regional growth and SMEs in Brazil: a spatial panel approach, Regional Studies. This paper examines economic growth for a panel of 508 Brazilian micro-regions for the period 1980-2004, using spatial econometrics and paying particular attention to the importance of small and medium-sized enterprises (SMEs). The findings indicate the presence of spatial dependence in the process of economic growth and the existence of two spatial regimes in Brazil. The human capital level of the whole population is an important growth determinant, but does not generate positive spillovers. Furthermore, human capital embodied in SMEs is more important than the size of this sector for regional growth and SME activity generates positive spatial spillovers.

Original languageEnglish
Pages (from-to)1995-2016
Number of pages22
JournalRegional studies
Volume49
Issue number12
Early online date21 Mar 2014
DOIs
Publication statusPublished - 2015

Bibliographical note

This is an Accepted Manuscript of an article published by Taylor & Francis in Regional Studies on 21/3/14, available online: http://www.tandfonline.com/10.1080/00343404.2014.890704

Keywords

  • entrepreneurship
  • firm size
  • market structure
  • regional economic growth
  • spatial panel econometrics

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