Abstract

TREGEAR, Manuel. Endogenous limitations to the bank financing of Mexican SMEs and deployment of public policies (2000-2015). Anál. econ. [online]. 2020, vol.35, n.90, pp.117-146.  Epub Apr 15, 2021. ISSN 2448-6655.

The restrictions on bank financing that Mexican SMEs is critical, as shown by the main specialized surveys of Bank of Mexico and the World Bank. The goal of the work is to take up theories of oligopolistic markets and imperfect financial markets to explain that their limitations have an endogenous origin, a framework little used in these studies, which this explained by their size and the oligopolistic nature of market structures where work. The context in which public programs, to improve their availability of credit, have not been able to cut these two factors during the study period. The work approach from a method that integrates the theoretical and the descriptive statistics of longitudinal cut for the period 2000-2015 through the variables size, assets, gross fixed capital formation, employment, production, sales margin, and mortality. It is found that the suggested theory is concurrent with the facts found, also the factors that limit SMEs endogenous restricted their access to credit and the lack of specificity of the policies raises the need to include incentives that allow companies to gradually overcome their limitations.

Keywords : SMEs; Endogenous constraints; Credit; Public policies; E44; G21; G28; G38; L11.