The Impact of the Lending Program for the Productive Development and Employment Generation of the San Juan Province

A shortcoming of the current empirical impact evaluation literature is the lack of studies that measure the effect of access to credit in the medium and long term, as well as the impact on interventions targeted at micro-, small-, and medium-sized enterprises (MSMEs). This study addresses both aspects by analyzing the average impact that the Lending Program for the Productive Development and Employment Generation of the San Juan Province has had on sales, employment, investment, and productivity of beneficiary MSMEs. The authors measured the abovementioned impacts using a lagged dependent variable (LDV) model that, beyond controlling for selection bias, also controls for the sequential entry of companies into the program. To conduct this analysis, the authors used a survey implemented by the National University of San Juan to 664 companies. The results of the study indicate a positive and statistically significant impact of 6.9 percent on the likelihood to invest, 9.7 percent on sales, 4.3 percent on employment, and 6.4 percent on labor productivity. The analysis allows for the identification of differentiated impacts by type of company, as classified by size and sector or type of economic activity.

Bibliographic Details

Main Author:	Inter-American Development Bank
Other Authors:	Jacqueline Bueso-Merriam
Format:	Discussion Papers & Presentations biblioteca
Language:	English
Published:	Inter-American Development Bank
Subjects:	Productivity Level, Employment Rate, Impact Evaluation, Small Business, Investment Level, Productivity Growth, Formal Labor, Microfinance, Commercial Bank, G20 - Financial Institutions and Services: General, D24 - Production • Cost • Capital • Capital Total Factor and Multifactor Productivity • Capacity, H43 - Project Evaluation • Social Discount Rate, G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages, O16 - Financial Markets • Saving and Capital Investment • Corporate Finance and Governance, C23 - Panel Data Models • Spatio-temporal Models, L25 - Firm Performance: Size Diversification and Scope, O12 - Microeconomic Analyses of Economic Development, evaluación de impacto;micro, pequeñas y medianas empresas (MiPyME);Argentina;variable dependiente rezagada;crédito,
Online Access:	http://dx.doi.org/10.18235/0007975 https://publications.iadb.org/en/impact-lending-program-productive-development-and-employment-generation-san-juan-province
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