Los objetivos económicos de la micro y pequeña empresa en México: Un análisis desde las elasticidades de factores productivos

Artikel

A large body of economic literature has established that the primary purpose of business is profit maximization assuming unitary and constant elasticity of substitution of production factors. However, the prevailing operating conditions of micro and small enterprises raise concerns about the validity of this assumption and the objectives in this sector. Through an empirical study for Mexico and using the translog production function based on cross-sectional data by 2014, we find that the substitution elasticities between production factors are not unitary and even to some extent, they show complementarity. This forces us to consider that beyond seeking to maximize profits, micro and small enterprises might be including other objectives, such as to optimizing installed capacity.

Object Details

• Language: Spanisch

References and Relationships

• Bibliographic citation: Journal: Revista de Métodos Cuantitativos para la Economía y la Empresa ; ISSN: 1886-516X ; Volume: 24 ; Year: 2017 ; Pages: 129-146 ; Sevilla: Universidad Pablo de Olavide

Classification and Topics

• Classification: Wirtschaft ; Multiple or Simultaneous Equation Models: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models ; Model Construction and Estimation ; Production and Organizations: General ; Firm Behavior: Theory
• Subject: elasticity ; production factors ; production functions ; cost functions ; maximization

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Mungaray Lagarda, Alejandro ; Aguilar Barceló, José G. ; Osorio Novela, Germán
• Event: Veröffentlichung
• (who): Universidad Pablo de Olavide
• (where): Sevilla
• (when): 2017

Further information

• Handle: http://hdl.handle.net/10419/195384
• Last update: 10.03.2025, 11:43 AM CET