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Los objetivos económicos de la micro y pequeña empresa en México. Un análisis desde las elasticidades de factores productivos || The Economic Objectives of the Micro and Small Businesses in Mexico. An Analysis of Elasticities of Productive Factors

Author

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  • Mungaray Lagarda, Alejandro

    (Facultad de Economía y Relaciones Internacionales. Universidad Autónoma de Baja California (México))

  • Aguilar Barceló, José G.

    (Facultad de Economía y Relaciones Internacionales. Universidad Autónoma de Baja California (México))

  • Osorio Novela, Germán

    (Facultad de Economía y Relaciones Internacionales. Universidad Autónoma de Baja California (México))

Abstract

La literatura económica establece que el objetivo principal de toda empresa es la maximización de beneficios, suponiendo sustitución continua y unitaria de factores productivos. No obstante, las condiciones preponderantes de operación y desempeño de la micro y pequeña empresa obligan a revisar la validez de este supuesto y los objetivos en este sector. Con base en un estudio empírico para México, utilizando una función de producción translogarítmica y datos de sección cruzada para el año 2014, se encuentra que las relaciones entre los factores de la producción resultan no unitarias, y algunas de ellas se muestran incluso complementarias. Ello motiva a reflexionar acerca de que, más allá de la maximización de beneficios, la micro y pequeña empresa podría estar incluyendo otros objetivos, como el de optimizar la capacidad instalada. || 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.

Suggested Citation

  • Mungaray Lagarda, Alejandro & Aguilar Barceló, José G. & Osorio Novela, Germán, 2017. "Los objetivos económicos de la micro y pequeña empresa en México. Un análisis desde las elasticidades de factores productivos || The Economic Objectives of the Micro and Small Businesses in Mexico. An," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 24(1), pages 129-146, Diciembre.
    • Handle: RePEc:pab:rmcpee:v:24:y:2018:i:1:p:129-146
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    References listed on IDEAS

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    More about this item

    Keywords

    elasticidad; factores de producción; funciones de producción; funciones de costos; maximización; elasticity; production factors; production functions; cost functions; maximization;
    All these keywords.

    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • D20 - Microeconomics - - Production and Organizations - - - General
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory

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