Impact Evaluation of Small and Medium Enterprise Programs in Latin America and the Caribbean

Impact
Evaluation
of Small and Medium
Enterprise Programs
in Latin America and the Caribbean
Editors
Gladys López-Acevedo
Hong W. TanImpact
Evaluation
of Small and Medium
Enterprise Programs
in Latin America and the CaribbeanImpact
Evaluation
of Small and Medium
Enterprise Programs
in Latin America and the Caribbean
Editors
Gladys López-Acevedo
Hong W. Tan© 2011 The International Bank for Reconstruction and Development / The World Bank
1818 H Street NW
Washington DC 20433
Telephone: 202-473-1000
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ISBN: 978-0-8213-8775-7
eISBN: 978-0-8213-8776-4
DOI: 10.1596/978-0-8213-8775-7
Cover and Design: Alejandro Espinosa/sonideas.com
Photographs: back cover © Ray Witlin/World Bank Photo Library (left), © Aravind Teki/
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Photographs (interior): © World Bank Photo Library
Library of Congress Cataloging-in-Publication data have been requested.Contents
Acknowledgments ......................................................................................................................................... xi
Abbreviations ................................................................................................................................................ xii
CHAPTER 1
Motivation, Methodology and Main Findings ............................................................................................. 1
Motivation for the Study ................................................................................................................................................... 1
The Impact Evaluation Challenge ...... 2
Review of Recent Literature .............................................................................................................................................. 5
The Four Country Studies 6
The Non-Experimental Data ............................................................................................................................................. 6
Analytical Approach........................................................................................................................................................... 7
Overview of Cross-Country Results ................................................................................................................................. 8
Concluding Remarks ........................................................................................................................................................10
CHAPTER 2
A Review of Recent SME Program Impact Evaluation Studies ................................................................ 13
Introduction ...................................................................................................................................................................... 13
Studies Selected for Review ............................................................................................................................................14
Enterprise Support Programs Studied ............................................................................................................................14
Non-Experimental Data Used ..........................................................................................................................................14
Analytic Approaches and Main Findings ...................................................................................................................... 18
Selected References ..................................................................................................................................... 19
ANNEX
Summary of Individual Studies ................................................................................................................... 21
CHAPTER 3
Evaluating SME Support Programs in Chile .............................................................................................. 33
1. Introduction .................................................................................................................................................................. 33
2. Overview of SME Programs in Chile .......................................................................................................................... 34
3. The Chile Data ............................................................................................................................................................. 37
4. Empirical Approach and Initial Findings .................................................................................................................... 43
5. Estimating Program Impacts Using the ICS-ENIA Panel .......................................................................................... 48
6. Summary and Concluding Remarks ............................. 55
CHAPTER 4
Evaluating SME Support Programs in Colombia ....................................................................................... 57
1. Introduction .................................................................................................................................................................. 57
VIVII
2. Support Policies for SMEs in Colombia ..................................................................................................................... 58
3. Past Impact Evaluations of FOMIPYME ..................................................................................................................... 60
4. Data Used in the Evaluation ....................................................................................................................................... 61
5. Methodology ................................................................................................................................................................ 65
6. Estimation and Results ................................................................................................................................................ 67
7. Conclusions ...................................................76
Annex 4.1 Telephone Survey Questionnaire ............................................................................................... 77
Annex 4.2 Tey Results .......................................................................................................... 78
CHAPTER 5
Evaluating SME Support Programs in Mexico ........................................................................................... 81
1. Introduction .................................................................................................................................................................. 81
2. SME Programs .............................................. 82
3. Past Evaluations ........................................................................................................................................................... 89
4. Data ............................................................................................................................................................................... 92
5. Model ............................................................................................................................................................................ 96
6. Results .................................................................................................................... 99
7. Conclusions ............................................................................................................................................................... 100
ANNEX 5.1 Estimates of Program Impacts in Mexico ............................................................................ 102
CHAPTER 6
Evaluating SME Support Programs in Peru ...................................................................................