Abstract

NUNEZ R., Gaspar. Mexican business structure between 2003 and 2008: towards the fourth lost decade. Perf. latinoam. [online]. 2013, vol.21, n.41, pp.179-204. ISSN 0188-7653.

This research examines Mexican firm structure and performance during the years 2003 and 2008, using data from the 2004 and 2009 Economic Census. We find that the poor firm structure of year 2003 is even worst in 2008. Detailed analysis of variables relevant for economic performance and future development, confirms that the period 2001-2010 was indeed a third lost decade, and that the current firm structure makes it impossible to achieve a meaningful economic development for the 2011-2020 decade. Results also confirm one of the main thesis in current literature, namely, that lack of investment in physical capital is one of the main causes of economy stagnation.

Keywords : Mexico; firm structure; SME; economic development; stagnation; lost decade.

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