By Inter-American Development Bank, Matteo Grazzi, Carlo Pietrobelli
This quantity makes use of the research of establishment dynamics to enquire the standards fighting swifter productiveness progress in Latin the US and the Caribbean, pushing previous the boundaries of conventional macroeconomic analyses. each one bankruptcy is devoted to an exam of a special issue affecting enterprise productiveness - innovation, ICT utilization, on-the-job-training, enterprise age, entry to credits, and foreign linkages - highlighting the variations in enterprise features, behaviors, and methods. via showcasing this notable heterogeneity, this assortment demanding situations nearby policymakers to seem past one-size-fits-all strategies and create balanced coverage mixes adapted to exact company wishes.
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Extra info for Firm Innovation and Productivity in Latin America and the Caribbean: The Engine of Economic Development
3). 1 % participate in export promotion programs. In all these cases, participation rates increase with firm size. On the whole, this evidence alludes that firms in Latin America tend to participate very modestly in public programs. In the Caribbean, this number is even lower, as public support for innova- 10 M. GRAZZI ET AL. 7 Source: World Bank (2010) Notes: Includes both partially or entirely government funded programs tion is still sporadic. 5 % of Caribbean firms declared they had participated in innovation-related programs in 2010.
Half of the young firms employ between 10 and 49 workers. They are mainly focused on domestic markets and only 16 % export. Quite a few firms performed R&D (43 %), a percentage similar to that for mature firms, and introduced new products or processes in the period analyzed. In terms of their growth performance, whether measured as sales growth or employment growth, young firms are quite dynamic. Most start as micro-enterprises with no more than five employees, but they can survive, grow, and develop into SMEs.
9 Both the manufacturing and services sectors are covered by the survey. The Inter-American Development Bank (IDB) financed the 2010 WBES in 14 Caribbean countries, the first time it was conducted there. 10 The global methodology for most enterprise surveys implemented since 2006 is based on a core questionnaire with a uniform universe and methodology of implementation. The most recent survey in LAC was conducted in 2010 and, in some cases, the previous WBES conducted in Latin America in 2006 allows authors to create panel datasets for participating countries.