Modelando crecimiento y rentabilidad empresarial de la industria de Coahuila: Modeling Business Growth and Profitability in the Coahuila Industry

Vicente Germán Soto; Alejandro Marines López

doi:10.29105/ensayos42.1-1

Authors

Vicente Germán Soto Universidad Autónoma de Coahuila https://orcid.org/0000-0001-5844-1296
Alejandro Marines López Universidad Autónoma de Coahuila

DOI:

https://doi.org/10.29105/ensayos42.1-1

Keywords:

Profitability, Business Growth, Manufacturing, Dynamic Panel Data

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.

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Author Biographies

Vicente Germán Soto, Universidad Autónoma de Coahuila

Profesor e investigador titular de la Facultad de Economía de la Universidad Autónoma de Coahuila, es miembro del Sistema Nacional de Investigadores en el nivel III. También es miembro regular de la Academia Mexicana de Ciencias (AMC). Licenciado en Economía por la Universidad Autónoma de Sinaloa y Maestría y Doctorado en Ciencias en Economía por la Universidad de Barcelona, España, y Maestría en Ciencias en Economía Regional por el Centro de Investigaciones Socioeconómicas (CISE). De 2013 a 2015 realizó una estancia posdoctoral del CONACYT en la Facultad de Economía de la Universidad Autónoma de Nuevo León. Por su trayectoria académica en cuanto a investigación y labor docente, se le distinguió en 2013 con la medalla “Miguel Ramos Arizpe” y en 2015 con la Medalla al Mérito Académico “Dr. Mariano Narváez González”. En 2016 se le distinguió como el Mejor docente del año por parte del Consejo de Vinculación Universidad-Empresa de la COPARMEX. Por sus logros académicos y científicos en 2019 recibió el Reconocimiento “Investigador del año” de la Universidad Autónoma de Coahuila. Cuenta con artículos de investigación científica en revistas citadas en bases de datos de Scopus-Elsevier, REPEC, EconPapers, EconLit, Journal Citation Reports y del índice de revistas mexicanas de investigación científica del CONACYT.

Alejandro Marines López, Universidad Autónoma de Coahuila

Es licenciado en Economía por la Universidad Autónoma de Coahuila. Su trabajo de tesis se dirigió a estudiar la relación teórica entre crecimiento y rentabilidad, la cual se aplicó en el sector industrial del estado de Coahuila. Dentro de sus líneas de investigación se encuentran los análisis en Economía Regional y el empresariado en México.

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