Contribution of technology to the productivity of small and medium-sized enterprises in the textile industry in Ecuador

Authors

  • Juan M. Ibujés Villacís Escuela Politécnica Nacional, Quito, Ecuador
  • María A. Benavides Pazmiño Escuela Politécnica Nacional, Quito, Ecuador

Keywords:

Productivity, Technology, Solow econometric model, Textile industry, SMEs

Abstract

Technology currently has an important role in global business management, and has become a key tool for companies to become more effective, efficient and competitive. This paper studies how the use technology relates to the productivity of small and medium-sized enterprises (SMEs) in the textile industry in Ecuador. This industrial sector has been prioritised in Ecuadorian industry, and the SMEs that are the purpose of this study is within the International Standard Industrial Classification of all Economic Activities (ISIC) C13, ‘‘Textile manufacturing’’ distributed throughout the country. In order to determine the relationship between technologyand productivity, Solow’s economic model was applied, using the variables: production, capital,workforce, and technology, which are found in production procedures of these business orga-nisations. The results of the study, in general, show the scope that the previously mentionedvariables contribute to the productivity of companies of the textile industry, and in particular,the influence of the use of the technology in the increase or decrease of the productivity.

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Published

2018-01-01

Issue

Vol. 41 No. 115 (2018): Pages 1-150 (January-April 2018)

Section

Articles

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