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The Impact of an Associative Strategy (the PROFO Program) on Small and Medium Enterprises in Chile

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Abstract

The main objective of this article is to determine if associative strategies followed in Chile have had any impact on the enhancement of productive performance of Chilean SMEs firms. In order to do that, the estimate of the impact is approached using the benchmark given by Social Experiment but within the context of a `non-experimental' evaluation design. We conclude that these kinds of policies have been effective in increasing the productivity of the participating firms, and have also been efficient since they have achieved high social profits.

Suggested Citation

  • Jose Miguel Benavente & Gustavo Crespi, 2003. "The Impact of an Associative Strategy (the PROFO Program) on Small and Medium Enterprises in Chile," SPRU Working Paper Series 88, SPRU - Science Policy Research Unit, University of Sussex Business School.
    • Handle: RePEc:sru:ssewps:88
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    1. Calomiris, Charles W & Hubbard, R Glenn, 1990. "Firm Heterogeneity, Internal Finance, and 'Credit Rationing.'," Economic Journal, Royal Economic Society, vol. 100(399), pages 90-104, March.
    2. José Miguel Benavente & Gustavo Crespi, 1996. "The Chilean national system of innovation," Estudios de Economia, University of Chile, Department of Economics, vol. 23(2 Year 19), pages 223-254, December.
    3. Gary Burtless, 1995. "The Case for Randomized Field Trials in Economic and Policy Research," Journal of Economic Perspectives, American Economic Association, vol. 9(2), pages 63-84, Spring.
    4. James Heckman & Hidehiko Ichimura & Jeffrey Smith & Petra Todd, 1998. "Characterizing Selection Bias Using Experimental Data," Econometrica, Econometric Society, vol. 66(5), pages 1017-1098, September.
    5. Rajeev H. Dehejia & Sadek Wahba, 1998. "Causal Effects in Non-Experimental Studies: Re-Evaluating the Evaluation of Training Programs," NBER Working Papers 6586, National Bureau of Economic Research, Inc.
    6. Heckman, James J, 1990. "Varieties of Selection Bias," American Economic Review, American Economic Association, vol. 80(2), pages 313-318, May.
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    Cited by:

    1. Caio Piza & Tulio Antonio Cravo & Linnet Taylor & Lauro Gonzalez & Isabel Musse & Isabela Furtado & Ana C. Sierra & Samer Abdelnour, 2016. "The Impact of Business Support Services for Small and Medium Enterprises on Firm Performance in Low‐ and Middle‐Income Countries: A Systematic Review," Campbell Systematic Reviews, John Wiley & Sons, vol. 12(1), pages 1-167.
    2. Ibarrarán, Pablo & Maffioli, Alessandro & Stucchi, Rodolfo, 2009. "SME Policy and Firms’ Productivity in Latin America," IZA Discussion Papers 4486, Institute of Labor Economics (IZA).
    3. Roy Carr‐Hill & Caine Rolleston & Tejendra Pherali & Rebecca Schendel, 2014. "PROTOCOL: The Effects of School‐Based Decision Making on Educational Outcomes in Low and Middle Income Contexts: A Systematic Review," Campbell Systematic Reviews, John Wiley & Sons, vol. 10(1), pages 1-46.
    4. Tulio Cravo & Caio Piza, 2016. "The Impact of Business Support Services for Small and Medium Enterprises on Firm Performance in Low -and Middle- Income Countries: A Meta-Analysis," IDB Publications (Working Papers) 94938, Inter-American Development Bank.
    5. Claudio A. Bonilla & Christian A. Cancino, 2001. "El impacto del Programa de Capital Semilla del Sercotec en Chile," IDB Publications (Working Papers) 53658, Inter-American Development Bank.
    6. repec:wly:camsys:v:10:y:2014:i:1:p:1-46:b is not listed on IDEAS
    7. José Miguel Benavente H., 2005. "Technological Innovation in Chile: Where we are and what can be Done," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 8(1), pages 53-77, April.
    8. Christian A. Cancino & Alicia Núñez, José M. Merigó, 2019. "Influence of a seed capital program for supporting high growth firms in Chile," Contaduría y Administración, Accounting and Management, vol. 64(1), pages 47-48, Enero-Mar.
    9. Daniel Chudnovsky & Andrés López & Martín Rossi & Diego Ubfal, 2006. "Evaluating A Program of Public Funding of Private Innovation Activities. An Econometric Study of FONTAR in Argentina," OVE Working Papers 1606, Inter-American Development Bank, Office of Evaluation and Oversight (OVE).
    10. Claudio A. Bonilla & Christian A. Cancino, 2011. "The Impact of the Seed Capital Program of SERCOTEC in Chile," IDB Publications (Working Papers) 61258, Inter-American Development Bank.
    11. Cardoza, Guillermo & Fornes, Gaston & Farber, Vanina & Gonzalez Duarte, Roberto & Ruiz Gutierrez, Jaime, 2016. "Barriers and public policies affecting the international expansion of Latin American SMEs: Evidence from Brazil, Colombia, and Peru," Journal of Business Research, Elsevier, vol. 69(6), pages 2030-2039.
    12. World Bank, 2004. "Chile : New Economy Study, Volume 2. Background Documents," World Bank Publications - Reports 14711, The World Bank Group.
    13. Giuliani, Elisa & Arza, Valeria, 2009. "What drives the formation of 'valuable' university-industry linkages?: Insights from the wine industry," Research Policy, Elsevier, vol. 38(6), pages 906-921, July.

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    More about this item

    Keywords

    program evaluation; associative strategies; SMEs; innovation; nonexperimental design;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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