Template-type: ReDIF-Paper 1.0
Author-Name: Rodríguez Torres, Omar
Author-Email: orodriguez@merit.unu.edu
Author-Workplace-Name: UNU-MERIT, Maastricht University
Title: The productive role of social policy
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.
Classification-JEL: I31, I32, L26, J48, L53, O15, O35
Keywords: Social policy, poverty reduction, entrepreneurship, public policy,
	 enterprise policy 
Series: UNU-MERIT Working Papers
Creation-Date: 20220318
Number: 2022-010
File-URL: https://unu-merit.nl/publications/wppdf/2022/wp2022-010.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2022010