<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2448-8402</journal-id>
<journal-title><![CDATA[Ensayos. Revista de economía]]></journal-title>
<abbrev-journal-title><![CDATA[Ens. Rev. econ.]]></abbrev-journal-title>
<issn>2448-8402</issn>
<publisher>
<publisher-name><![CDATA[Universidad Autónoma de Nuevo León, a través de la Facultad de Economía con la colaboración del Centro de Investigaciones Económicas]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-84022023000100001</article-id>
<article-id pub-id-type="doi">10.29105/ensayos42.1-1</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Modelando crecimiento y rentabilidad empresarial de la industria de Coahuila]]></article-title>
<article-title xml:lang="en"><![CDATA[Modeling Business Growth and Profitability in the Coahuila Industry]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Germán-Soto]]></surname>
<given-names><![CDATA[Vicente]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Marines López]]></surname>
<given-names><![CDATA[Alejandro]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma de Coahuila  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>00</month>
<year>2023</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>00</month>
<year>2023</year>
</pub-date>
<volume>42</volume>
<numero>1</numero>
<fpage>1</fpage>
<lpage>32</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-84022023000100001&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-84022023000100001&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-84022023000100001&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Se analiza la relación crecimiento-rentabilidad de la manufactura de Coahuila, México, durante 1993-2018. La actividad empresarial es uno de los motores generadores de empleo que suele estar subordinada a la rentabilidad. Las teorías empresariales desacuerdan sobre impacto y causalidad: el crecimiento fomenta la rentabilidad (visión clásica), la rentabilidad genera crecimiento (evolutiva) o domina un vínculo negativo (hipótesis gerencial) que puede ser bidireccional. Métodos de paneles dinámicos no lineales y regresiones piecewise estiman impactos positivos que van de rentabilidad a crecimiento, pero se reducen después de alcanzar un valor umbral. El análisis está delimitado por la agregación sectorial, pero los hallazgos son intuitivos y contribuyen al entendimiento de la dinámica empresarial. Se concluye que las oportunidades de ganancia crean economías de escala que estimulan la ampliación de la planta productiva, pero se requieren condiciones macroeconómicas que incentiven la inversión privada y aminoren las restricciones de mercado.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The manufacturing business growth-profitability relationship is analyzed for Coahuila, Mexico, during 1993-2018. Business activity is one of the engines generating employment usually subordinate to the level of profitability. Entrepreneurial theories disagree on impact and causality: business growth promotes profitability (classical view), profitability generates business growth (evolutionary), or domains a negative link (managerial hypothesis) that can be bidirectional. Nonlinear dynamic panel methods and piecewise regressions estimate positive impacts ranging from profitability to business growth, but they diminish after to reach a threshold value. The analysis is delimited by the sectoral aggregation, but findings are intuitive and contribute to the understanding of the business dynamic. It is concluded that opportunities of gains create scale economies that stimulate the expansion of the productive plant, however, macroeconomic conditions are required to encourage the private investment and to reduce the market restrictions.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[rentabilidad]]></kwd>
<kwd lng="es"><![CDATA[crecimiento empresarial]]></kwd>
<kwd lng="es"><![CDATA[manufacturas]]></kwd>
<kwd lng="es"><![CDATA[panel dinámico]]></kwd>
<kwd lng="es"><![CDATA[C33]]></kwd>
<kwd lng="es"><![CDATA[L25]]></kwd>
<kwd lng="es"><![CDATA[L60]]></kwd>
<kwd lng="es"><![CDATA[M21]]></kwd>
<kwd lng="en"><![CDATA[profitability]]></kwd>
<kwd lng="en"><![CDATA[business growth]]></kwd>
<kwd lng="en"><![CDATA[manufacturing]]></kwd>
<kwd lng="en"><![CDATA[dynamic panel data]]></kwd>
<kwd lng="en"><![CDATA[C33]]></kwd>
<kwd lng="en"><![CDATA[L25]]></kwd>
<kwd lng="en"><![CDATA[L60]]></kwd>
<kwd lng="en"><![CDATA[M21]]></kwd>
</kwd-group>
</article-meta>
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