Research Abstract: Micro, small, and medium enterprises (MSMEs) are the backbone of economic activity across South and Southeast Asia. In India, MSMEs account for approximately 30% of GDP, 45% of manufacturing output, and more than 110 million jobs. In Indonesia, they contribute approximately 61% of GDP and employ more than 97% of the workforce. In Vietnam, they generate approximately 40% of GDP and employ more than 50% of the formal labor force. Yet despite their aggregate economic significance, the productivity of individual MSMEs — measured as output per worker or value added per...
