Small and Medium-Sized Enterprises in Ecuador: Evolution and Challenges

Journal of Evolutionary Studies in Business

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Field Value
 
Title Small and Medium-Sized Enterprises in Ecuador: Evolution and Challenges
 
Creator Araque Jaramillo, Wilson
Hidalgo Flor, Roberto
Rivera Vásquez, Jairo
 
Subject Small and Medium Sized Enterprise
Small and Medium Sized Industry
Ecuador
 
Description The main objective of this article is to analyze the evolution of Ecuadorian Small and Medium-Sized Enterprises (SME), their contribution to the national economy, institutional framework, and internal operating characteristics. To this end, the focus is on companies related to the manufacturing sector in Ecuador. The main periods of the analysis are: i) the 1990s, ii) 2000-2008 and iii) 2009-2019; however, the decades of the 1970s and 1980s have been included in the first part of the article for their relevance. Literature review is the main data collection methodology, and the databases used are from official sources. Data from the Banco Central del Ecuador (BCE, Central Bank of Ecuador), the Instituto Nacional de Estadística y Censos (INEC, National Institute of Statistics and Census), regulations and research around the SME sector have been used.The main findings are that SMEs are crucial within the Ecuadorian industrial fabric, because of its specialization in products that contribute to satisfying basic needs, but also because they provide parts and supplies to other companies. The quantitative contribution of SMEs, however, has been declining over time, both in number of establishments, staffing, and production, which reveals the increasing relevance of large industries. In this process, the institutional framework has had an influence in the evolution of SMEs, with certain strengths and weaknesses in terms of supporting the development of SMEs. In turn, in regards to internal operation, it becomes apparent that despite some improvement, there has not been significant progress during the period under analysis. In short, this work contributes to the larger discussion about the relevance of SMEs in Ecuador, their history, and whether there might be grounds for public policies to support their development.
 
Publisher Universitat de Barcelona
 
Date 2022-01-12
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier http://revistes.ub.edu/index.php/JESB/article/view/32336
10.1344/jesb2022.1.j101
 
Source Journal of Evolutionary Studies in Business; Vol. 7 No 1 (2022): Special Issue. Latin American Small and Medium-Sized Enterprises: A Historical Perspective; 121-165
Journal of Evolutionary Studies in Business; Vol. 7 No. 1 (2022): Special Issue. Latin American Small and Medium-Sized Enterprises: A Historical Perspective; 121-165
2385-7137
 
Language eng
 
Relation http://revistes.ub.edu/index.php/JESB/article/view/32336/36577
 
Rights Copyright (c) 2022 Journal of Evolutionary Studies in Business
https://creativecommons.org/licenses/by-nc-nd/4.0
 

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