Government-owned development banks have often been justified by the need to respond to financial market imperfections that hinder the establishment and growth of promising businesses, and as a result, stifle economic development more generally. However, evidence on the effectiveness of these...

Despite the large potential gains from credit by second-tier development banks, little is known about the actual impact of these banks' lending activity. This study partially fills that gap by analyzing the impact of the lending activity of Bancoldex, the Colombian second-tier development bank,...

The purpose of this guideline is to provide suggestions on designing impact evaluations for agricultural projects, particularly projects that directly target farmers, and seek to improve agricultural production, productivity and profitability. Specific issues in evaluating agricultural projects...

Despite the large potential gains from credit by second-tier development banks, little is known about the actual impact of these banks' lending activity. This study partially fills that gap by analyzing the impact of the lending activity of Bancoldex, the Colombian second-tier development bank,...

The purpose of this guideline is to provide suggestions on designing impact evaluations for agricultural projects, particularly projects that directly target farmers, and seek to improve agricultural production, productivity and profitability. Specific issues in evaluating agricultural projects...

This paper analyzes the impact of the ‘Farm Modernization and Development Program’ (PREDEG) on the technology uptake and productivity of Uruguayan farmers. Using a unique panel dataset, we combine propensity score matching techniques and fixed effects models to estimate the program’s...

This paper assesses the impact of a cluster development policy in Latin America. A Local Productive Arrangement (APL) is a cluster of firms within the same territory, operating around the same activity and maintaining ties of cooperation and learning among themselves and with other stakeholders....

The purpose of this guideline is to provide suggestions on designing impact evaluations for agricultural projects, particularly projects that directly target farmers, and seek to improve agricultural production, productivity and profitability. Specific issues in evaluating agricultural projects...

This paper analyzes the effectiveness of public credit lines in promoting the performances of Brazilian firms. We focus on the impact of the credit lines managed by BNDES and FINEP in fostering growth measured in terms of employment, labor productivity and export. For this purpose, we use a...

Government-owned development banks have often been justified by the need to respond to financial market imperfections that hinder the establishment and growth of promising businesses, and as a result, stifle economic development more generally. However, evidence on the effectiveness of these...