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Public Policy For Financing Of Msmes In The South-East Zone Of The State Of Mexico Politica Publica Dirigida Al Financiamiento De Las Mipymes En La Zona Sur Oriente Del Estado De Mexico

Author

Listed:
  • Omar Ernesto Teran Varela
  • Enrique Espinosa Ayala
  • Pedro Abel Hernandez Garcia
  • Carolina Jazmin Martinez Ponce

Abstract

We live in a changing world where political actors promote variations in the economies of countries and seek the protectionism of markets where their companies operate. Mexico is not the exception. In Mexico, more than 90% of companies are Small, Medium and Micro Enterprises (MIPYMES), which contribute more than 58% of GDP. The guidelines of Public Policy (PP), articles 25 and 28 established in the Political Constitution of the United Mexican States, sets rules and bases that companies must follow to establish themselves. MIPYMES, today have become a very important factor for the country's economy. They generate the greatest income and jobs. Both the entrepreneurs and these small entities have suffered to position themselves and remain alive for different factors that have prevented them from growing. Both have encountered difficulties since the first step is creation of the firm, then keeping it alive (positioning). These questions are examined in this paper related to MSMEs. We consider several factors concerning why these entities are not able to create or reach a position by themselves. Results show the main factor is "financing" in view as there exists little knowledge about how to obtain it. The main objective of this research is to generate proposals from the government to finance and create MSMEs and position them in the South-East Zone of the State of Mexico

Suggested Citation

  • Omar Ernesto Teran Varela & Enrique Espinosa Ayala & Pedro Abel Hernandez Garcia & Carolina Jazmin Martinez Ponce, 2018. "Public Policy For Financing Of Msmes In The South-East Zone Of The State Of Mexico Politica Publica Dirigida Al Financiamiento De Las Mipymes En La Zona Sur Oriente Del Estado De Mexico," Revista Global de Negocios, The Institute for Business and Finance Research, vol. 6(2), pages 63-73.
    • Handle: RePEc:ibf:rgnego:v:6:y:2018:i:2:p:63-73
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    More about this item

    Keywords

    Public Policy; Government Financing; MSMEs;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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