Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/326819 
Year of Publication: 
2022
Series/Report no.: 
UNU-MERIT Working Papers No. 2022-010
Publisher: 
United Nations University (UNU), Maastricht Economic and Social Research Institute on Innovation and Technology (UNU-MERIT), Maastricht
Abstract: 
This paper assesses the productive role of social policy. It analyses the effect that participating in social policy programmes has on business performance of enterprises in Cartagena, Colombia. To investigate these effects, we employ an instrumental variable analysis to account for the potential endogeneity of participation. Exploiting the existence of a partially complied eligibility rule for Participation in the poverty reduction programme we are able to identify the effect on several enterprise indicators. The paper contributes to the literature on entrepreneurship policies in developing countries from the social policy perspective. It sheds light on the effects and potential mechanisms that the participation on social policy schemes has on the entrepreneurial activity of household enterprises. The results show that complier participating entrepreneurs are more credit-oriented and work more hours per day. No statistically significant effect is found on profit measures.
Subjects: 
Social policy
poverty reduction
entrepreneurship
public policy
enterprise policy
JEL: 
I31
I32
L26
J48
L53
O15
O35
Creative Commons License: 
cc-by-nc-sa Logo
Document Type: 
Working Paper

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