The second publication in the series "Institutions for People" focuses on the public development banks of Latin America and the Caribbean as they enter a new paradigm. In the last 10 to 15 years, these institutions have made considerable progress in the region towards fulfilling their undoubted...

This paper studies the effect of government-backed partial credit guarantees on firms' performance. These guarantees are automatically granted to firms without enough collateral in order to lift their credit constraints. We put together a panel, covering the period 1997-2007, that combines data...

Mediante una evaluación cuasi-experimental, este trabajo estudia el impacto de una capacitación tendiente a mejorar las prácticas administrativas y el desempeño de un grupo de micro, pequeñas y medianas empresas (MiPyME) clientes de una entidad de microfinanzas que opera en Costa Rica...

This study sheds light on how Costa Rica's insertion in global value chains occurs by examining governance patterns, the type of activities involved, and the level of underlying innovation in the selected value chain. The paper describes in detail two case studies of electronic-related companies...

Understanding the drivers of international production fragmentation is an important issue for Latin American and Caribbean countries because participation in global production networks can help mitigate instability due to dependence on natural resources and can provide opportunities for further...

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...

Credit has been found to be a catalyst for economic growth, as it spurs investment, enhances productivity, allows costs to be spread out over time, improves resource allocation, and enables investors to cope better with macroeconomic volatility. Most studies focus on the relationship between...

This study is an effort to identify the process by which firms venture into GVCs and the obstacles faced by firms once they have been immersed in it. We have focused on two particular GVCs: the aerospace GVC and the software and IT services GVC. Through the case studies, we analyzed the nature...

Este trabajo estima el impacto del acceso a ciertos servicios financieros (descuento de facturas, órdenes de compra, garantías de participación y cumplimiento) en el desempeño de un grupo de micro, pequeñas y medianas empresas (MiPyME) clientes de una entidad de microfinanzas que opera en...

En este documento se exploran, en un contexto experimental, el impacto de dos intervenciones dirigidas a incentivar la formalización empresarial en Bogotá, Colombia, y el impacto de la formalización sobre varias dimensiones de desempeño de los negocios. El diseño experimental de la...