Regional growth and SMEs in Brazil:a spatial panel approach


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.

Publication DOI:
Divisions: College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship
Additional Information: This is an Accepted Manuscript of an article published by Taylor & Francis in Regional Studies on 21/3/14, available online:
Uncontrolled Keywords: entrepreneurship,firm size,market structure,regional economic growth,spatial panel econometrics,Environmental Science(all),Social Sciences(all)
Publication ISSN: 1360-0591
Full Text Link: http://www.tand ... 404.2014.890704
Related URLs: http://www.scop ... tnerID=8YFLogxK (Scopus URL)
PURE Output Type: Article
Published Date: 2015
Published Online Date: 2014-03-21
Authors: Cravo, Tulio A.
Becker, Bettina (ORCID Profile 0000-0002-7435-7374)
Gourlay, Adrian



Version: Accepted Version

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