The Impact of the Seed Capital Program of SERCOTEC in Chile
Author
dc.contributor.author
Bonilla Meléndez, Claudio
Author
dc.contributor.author
Cancino del Castillo, Christian
Admission date
dc.date.accessioned
2016-10-04T19:23:13Z
Available date
dc.date.available
2016-10-04T19:23:13Z
Publication date
dc.date.issued
2011-10
Cita de ítem
dc.identifier.citation
IDB working paper series ; 279 (2011)
es_ES
Identifier
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http://iadb.org
Identifier
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https://repositorio.uchile.cl/handle/2250/140641
Abstract
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This paper seeks to measure the impact on small businesses in Chile of
the Seed Capital Program implemented by Chile’s Technical Cooperation
Services (Servicio de Cooperación Técnica – SERCOTEC). The results
are mixed. On the one hand, the impact of sales is positive but its
statistical significance depends on the model used. With regard to the
number of employees, however, the results are positive and statistically
significant regardless of the model used. The results also show that
participating in the program has no incidence on the probability of later
obtaining financing. This study highlights the importance of
differentiating between productive development programs and social
programs. It also suggests improvements in public policy to develop
entrepreneurship in small businesses in Chile. These suggestions may also
be interesting for other countries in the region facing similar challenges in
terms of developing private entrepreneurship as a vehicle to generate
economic development.