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dc.titleThe Venezuelan Enterprise: Current Situation, Challenges and Opportunities
dc.contributor.authorSaboin, José Luis
dc.contributor.orgunitCountry Office in Venezuela
dc.coverageVenezuela
dc.date.available2021-03-16T16:00:00
dc.date.issue2021-03-16T16:00:00
dc.description.abstractUsing Enterprise Survey data, this study describes the characteristics of current Venezuelan firms the survivors of one of the deepest economic contractions of modern historyacross different dimensions, such as access to infrastructure services, firms investment and financing, labor and skills, foreign trade, the legal environment, and firms innovation and performance. The study identifies the main challenges faced by the surviving firms (notably: macroeconomic and political instability, unreliability of basic services, lack of credit, and migration), while identifying some of the opportunities for these firms to exploit if a comprehensive recovery strategy for the country were to be implemented. In this sense, I find that the representative Venezuelan survivor firm has managed to internationalize through several channels (foreign ownership, exports, and international quality certifications), as well as to match skills with current business and market demands and keep innovating. The study also briefly analyzes some of the traditional determinants of (labor) productivity at the firm level, bringing the most interesting aspects to the fore so they can be explored further in more topic-focused research.
dc.format.extent74
dc.identifier.doihttp://dx.doi.org/10.18235/0003099
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-Venezuelan-Enterprise-Current-Situation-Challenges-and-Opportunities.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectInvestment
dc.subjectLabor Productivity
dc.subjectBusiness Development
dc.subjectBusiness Climate
dc.subjectFirm Performance
dc.subjectInnovative Firm
dc.subjectSkilled Labor
dc.subjectExporting Firm
dc.subjectBusiness Productivity
dc.subject.jelcodeD72 - Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior
dc.subject.jelcodeL25 - Firm Performance: Size, Diversification, and Scope
dc.subject.jelcodeD22 - Firm Behavior: Empirical Analysis
dc.subject.jelcodeD24 - Production • Cost • Capital • Capital, Total Factor, and Multifactor Productivity • Capacity
dc.subject.jelcodeO25 - Industrial Policy
dc.subject.jelcodeL60 - Industry Studies: Manufacturing: General
dc.subject.jelcodeM11 - Production Management
dc.subject.jelcodeD25 - Intertemporal Firm Choice: Investment, Capacity, and Financing
dc.subject.jelcodeK22 - Business and Securities Law
dc.subject.jelcodeL53 - Enterprise Policy
dc.subject.jelcodeM50 - Personnel Economics: General
dc.subject.keywordsgender;Crime;Labor productivity;corruption;security;Migration;Venezuela;skilled labor;Enterprise Surveys;Firm performance;Firm survival;Firminternationalization;Economic collapse;Service infrastructure;Firm investments;Firm financing;Firm innovation;Business regulation;Foreign Trade
dc.typeMonographs
idb.identifier.pubnumberIDB-MG-00914
idb.operationVE-P1122
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