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Capital humano y productividad en microempresas
[Human Capital and Productivity in Microenterprises]

Author

Listed:
  • Mungaray, Alejandro
  • Ramirez-Urquidy, Martin

Abstract

The hypothesis that human capital increases productivity is tested using data from a sample of low value-added microenterprises. A special attribute of this paper is the join treatment of formal learning or training in education institutions, and informal training by experience of the owner in the firm management. Following previous studies, the relation between human capital and productivity is determined by estimating production functions with the inclusion of dummy variables to control for formal education and informal training by experience. Evidence of the linkage of human capital and productivity is reported. It is also reported that both types of investment in human capital have asymmetrical contribution to productivity, where the impact of experience is predominant. This allows concluding that the long-run existence of the firms in the sample is explained by the accumulation of experience in the management. Returns to education occur primarily for technical education and are lower than those generated by experiential learning in the firm management.

Suggested Citation

  • Mungaray, Alejandro & Ramirez-Urquidy, Martin, 2007. "Capital humano y productividad en microempresas
    [Human Capital and Productivity in Microenterprises]
    ," MPRA Paper 4064, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:4064
    as

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    File URL: https://mpra.ub.uni-muenchen.de/4064/1/MPRA_paper_4064.pdf
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    References listed on IDEAS

    as
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    6. Erik Brynjolfsson & Lorin M. Hitt, 2003. "Computing Productivity: Firm-Level Evidence," The Review of Economics and Statistics, MIT Press, vol. 85(4), pages 793-808, November.
    7. Bates, Timothy, 1990. "Entrepreneur Human Capital Inputs and Small Business Longevity," The Review of Economics and Statistics, MIT Press, vol. 72(4), pages 551-559, November.
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    Cited by:

    1. Duniesky Feitó Madrigal & Alejandro Mungaray Lagarda & Michelle Texis Flores, 2016. "Factors associated with learning management in Mexican micro-entrepreneurs," ESTUDIOS GERENCIALES, UNIVERSIDAD ICESI, vol. 32(141), pages 381-386, December.
    2. Cuevas, Víctor M., 2010. "The dynamics of Mexican manufacturing exports," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.

    More about this item

    Keywords

    Human Capital; Productivity; Small Enterprises;

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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