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Alessandro Maffioli

Alessandro Maffioli
Inter-American Investment Corporation · Development Effectiveness

PhD

About

67
Publications
32,398
Reads
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1,421
Citations
Citations since 2017
18 Research Items
876 Citations
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2017201820192020202120222023050100150
Additional affiliations
July 2014 - present
Inter-American Development Bank
Position
  • Principal Economist
March 2009 - July 2014
Inter-American Development Bank
Position
  • Lead Economist
April 2004 - February 2009
Inter-American Development Bank
Position
  • Economist
Education
September 2001 - March 2004
Università degli Studi dell'Insubria
Field of study
  • Economics of Production and Development
September 1990 - November 1996

Publications

Publications (67)
Article
There has been growing interest in approaches to business training that incorporate insights from psychology to develop soft skills associated with successful entrepreneurship. The empirical evidence on the causal effects of these approaches on entrepreneurs’ business outcomes is encouraging, but still not substantial enough to be conclusive. This...
Article
Full-text available
This study assesses the impacts of acquiring a credit card offered by a non-financial company in Colombia. The card, which is mainly targeted at low-income and unbanked individuals, can be used to fund home improvements and purchase home and personal goods in selected stores. We find that access to the credit card fostered financial inclusion and i...
Article
Full-text available
This paper estimates the direct and spillover effects of two matching grants schemes designed to promote firm-level research and development (R&D) investment in Chile on firm productivity. Because the two programs target different kinds of projects—the National Productivity and Technological Development Fund (FONTEC) subsidizes intramural R&D, whil...
Article
This article evaluates the short-term impacts of a fruit fly integrated pest management program in Peru. Exploiting arbitrary variation in the program's intervention borders, we use a geographical regression discontinuity design to identify the program's effects on agricultural outcomes. Pre-treatment balance tests show that producer and farm-level...
Article
Full-text available
We evaluate the effectiveness of sending text messages to pregnant women containing prenatal care visit reminders, suggestions for healthy eating behaviors, and encouragements regarding vitamin intake during pregnancy. Our focus is on disadvantaged women living in the district of Ventanilla, Peru, with average per capita incomes equivalent to 1.8 t...
Article
This study uses loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), that is, their ability to crowd-in capital from private creditors. Controlling for a large set of fixed effects, the paper shows evidence of positive and...
Article
Full-text available
While the accumulation of factors of production, both physical and human capital, has helped Latin America and the Caribbean (LAC) to narrow the income gap with developed economies, aggregate productivity is still relatively low. Although there are numerous determinants of aggregate productivity, it is largely based on the underlying productivity o...
Article
Full-text available
This study assesses the impacts of acquiring a credit card offered by a non-financial company in Colombia. The card, which is mainly targeted at low-income and unbanked individuals, can be used to fund home improvements and purchase home and personal goods in selected stores. We find that access to the credit card fostered financial inclusion and i...
Research
Full-text available
This paper estimates the impact of an agricultural technology adoption program on agricultural production and income using an experimental approach. The context of analysis is the Program for the Support of Innovation in Agricultural Technology (PATCA II) implemented in the Dominican Republic. The program aimed to increase the agricultural producti...
Article
Full-text available
Using a 16-year employer–employee panel dataset that contains the entire population of firms and workers in Argentina, this paper provides evidence of the benefits of public support for firm-level innovation for the firms that received support, the workers who were employed by them, and the firms that hired beneficiary workers. The results confirm...
Article
Full-text available
Industrial policies affecting entire sectors in regions, provinces, or districts can account for large portions of sub-national government spending. Yet because of the methodological challenges related to the identification of a counterfactual when a single unit is treated, the causal effects of these policies on the growth of the industry, or spec...
Article
Credit rationing is a common phenomenon faced by firms, one that has negative implications for long-term investments. In Brazil, public credit plays a key role in supporting firms: state-owned banks account for almost half of the outstanding credit. Public credit programmes aim at reducing credit restrictions, increasing competitiveness and job cre...
Book
Full-text available
This monograph explores productivity, innovation, and firm performance, important issues that affect private sector development in the Caribbean region. Using unique and recently available datasets consisting of more than 4,000 surveys at the firm level, and covering 13 Caribbean countries, it examines a set of variables that affect productivity an...
Article
Credit rationing is a common phenomenon faced by firms, with negative implications for long term investments. In Brazil, public credit plays a key role in supporting firms: state-owned banks account for almost half of the outstanding credit. Public credit programs aim at reducing credit restrictions, increasing competitiveness and job creation for...
Article
Full-text available
Este estudio presenta evidencia empírica sobre los determinantes de la adopción de certificaciones internacionales de calidad (ISO) y sus efectos sobre el desempeño de las empresas argentinas en los años 2006 y 2010. Los resultados indican que las firmas exportadoras, extranjeras y de mayor tamaño en términos de empleados presentan mayor nivel de a...
Article
Full-text available
Este estudio evalúa el impacto de asistencias técnicas a micro, pequeñas y medianas empresas (MiPyME) cofinanciadas por el Programa de Acceso al Crédito y Competitividad (PACC) en Argentina. El programa tiene como objetivo incrementar la competitividad de las MiPyME mediante aportes no reembolsables que cofinancian proyectos para desarrollar capaci...
Book
Full-text available
Este libro desea reflejar el paso de la política de innovación en América Latina y el Caribe (ALC) hacia una etapa de creciente sofisticación y de mayor impacto sobre el desarrollo. Una evolución como esta es en parte producto de la transformación que las mismas economías y la actividad empresarial están atravesando en la región, y es también eco d...
Article
Full-text available
This paper estimates the effects of knowledge spillovers on firms' long-term performance and workers' wages. For this purpose, we use the participation in an innovation support program as an exogenous shock to the knowledge stock of non-participant firms. We pinpoint the knowledge diffusion process by tracking the mobility of skilled workers among...
Article
Offering matching grants along with extension services is a common tool of agricultural development policy and has the potential to address some of the shortcomings of purely private or public extension. Yet the evidence for the effectiveness of programs that combine extension with matching grants is quite thin. We add to this evidence by evaluatin...
Article
Full-text available
In this study, we evaluate the effect of innovation promotion programs administrated by the Colombian Innovation Agency (COLCIENCIAS). The evaluation focuses on programs that provide financial incentives for research and development (R&D)—matching grants and contingent loans—and encourage the formation of linkages among firms, universities, and oth...
Article
Full-text available
This paper investigates the impact of tourism policy on employment, using the Tourism Development Policy (TDP) implemented in the Argentinean province of Salta during the years of 2003 to 2010 as a case study. Following the Synthetic Control Method for comparative case studies, we use a combination of non-treated Argentinean provinces to construct...
Article
Full-text available
This paper studies the impact of the Brazilian Arranjos Productivos Locais (APL) policy, a cluster development policy, on small and medium enterprises’ (SMEs) performance. Using firm-level data on SMEs for the years 2002–2009, this paper combines fixed effects with reweighting methods to estimate both the direct and the indirect causal effects of p...
Chapter
This chapter presents the most important recent trends with regard to the design and evaluation of fiscal incentives for the support of business innovation in LAC. Several countries in the region have been experimenting with these policies since early 1990s, in many of these cases with technical and financial support from the Inter-American Develop...
Article
Whether public lending to firms effectively eases credit constraints has been widely studied for very small businesses. The evidence documented for larger firms refers to lending that is significantly subsidized and targeted to these businesses, so the estimated positive effects may reflect poor allocation of public credit. This paper investigates...
Article
Do the programs that aim to promote and develop industry clusters (also known as Cluster Development Programs) work? Do they have an impact on enterprise development? This paper offers an insight into the methods that can help answer these fundamental questions through solid quantitative evidence. In general, results will depend on the level of coo...
Article
Full-text available
This article evaluates the effect of the Argentinean Support Program for Organizational Change on employment and wages. The program aimed at increasing small and medium-sized enterprises’ competitiveness by co-financing technical assistance to support process and product innovation activities. Although employment is not usually the main objective o...
Article
This paper analyses the role of national research funds in promoting scientific production in emerging economies. The study focuses on the impact of the Chilean National Science and Technology Research Fund (FONDECYT). The analysis uses data drawn from international sources of bibliometric information combined with the administrative records of the...
Article
Os governos latino-americanos recorrem frequentemente aos Fundos de Desenvolvimento Tecnológico (FDT) para apoiar financeiramente as atividades inovadoras das empresas. Neste estudo analisamos a eficácia do um FDT chileno, o programa FONTEC. Constatamos que os subsídios do FONTEC provocaram um aumento dos investimentos inovadores das empresas em at...
Article
Latin American Governments have frequently adopted Technology Development Funds (TDF) to provide financial support for innovation activities of firms. In this paper, we analyzed the effectiveness of a Chilean TDF, the FONTEC program. We found that FONTEC’s subsidies increased firm innovation investments in intangible assets (in particular R&D) and...
Article
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 banks in mitigating financial constraints is still lackin...
Article
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, on firm performance. The evaluation uses data over a s...
Article
This paper presents the evaluation of the Enterprise Restructuring Support Program in Argentina. The aim of the program was to increase the competitiveness of small and medium-sized enterprises by cofinancing technical assistance that can be classified as either support for process innovation or support for product innovation. Although these types...
Article
Full-text available
The purpose of this guideline is to provide ideas and technical advice on how to measure the effectiveness of Science, Technology and Innovation Programs (STIP). The paper addresses the specific challenges of evaluating STIP, from the assessment of the intervention logic to the choice of the most appropriate method to solve the attribution problem....
Article
This article studies the impact of publicly subsidized agricultural extension services on yields and product quality. We use panel data from grape producers in Mendoza, Argentina to estimate the impacts of farmer trainings. We find a negative overall impact on yields and evidence of a positive average impact on the adoption of higher-quality grape...
Article
In this paper we evaluate the impact of research grants on the amount of collaboration among scientific researchers in Argentina. We find a positive and significant impact of funding on collaboration which is measured in terms of the number of co-authors for publications in peer-reviewed journals. In particular, we find a significant impact of the...
Article
Abstract This article provides an introduction to the special feature on impact evaluation of agricultural projects in developing countries. The special feature is motivated by an increased interest in impact evaluation both within the economics profession and the development community. The article highlights methodological issues in conducting suc...
Article
Full-text available
This paper aims at evaluating the impacts of innovation promotion programs administrated by the Colombian Innovation Agency (COLCIENCIAS). Although the agency implements multiple programs, the focus of these research are on those programs that provide financial incentives for R&D (matching grants and contingent loans) and at the same time encourage...
Article
This paper evaluates the impact of the Argentine SME support program PRE on employment, real wages, and exports. The program aimed at increasing the competitiveness of SMEs by co-financing up to fifty percent of expenditures in professional services and technical assistance. We use a unique panel dataset constructed with administrative records. We...
Article
Full-text available
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 are addressed, including the need to use production-ba...
Article
In this paper, we evaluate the impact of research grants on the amount of collaboration, among scientific researchers in Argentina. We find a positive and significant impact of funding on collaboration, which is measured in terms of the number of co-authors for publications in peer-reviewed journals. In particular, we find a significant impact of t...
Article
Full-text available
The use of microeconometric techniques to estimate the effects of development policies has become a common approach not only for scholars, but also for policy-makers engaged in designing, implementing and evaluating projects in different fields. Among these techniques, Propensity-Score Matching (PSM) is increasingly applied in the policy evaluation...
Article
Full-text available
This volume provides an in-depth analysis of what is known about the effectiveness of projects aimed at fostering agricultural production and productivity and what has been done to improve the development effectiveness in this area. It then identifies where gaps lie in the existing evidence, what needs to be evaluated in the future, and how this mi...
Article
Full-text available
This paper evaluates the impact of agricultural extension services in the Dominican Republic. In particular, we analyze the direct impact of the Program for Technological Support in the Agricultural Sector (PATCA). The analysis relies on a unique dataset gathered by PATCA’s executing unit in 2008. The survey included 1,572 farmers operating in crop...
Article
Full-text available
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 impact. Although the results vary according to the crops, we find...
Article
Full-text available
Very little is known about the effectiveness of SME policies, and a careful look at the structure, mechanisms and incentives provided by these policies suggest caution in their implementation and, most importantly, the need to carefully and closely monitor their results. This paper relies on the microeconometric analysis of a homogeneous dataset of...
Article
Full-text available
In this paper, we analyzed the effectiveness of the Component 1 of the Livestock Pilot Project (LPP-1) in fostering the efficiency of the Uruguayan livestock producers. We found that the LPP-1 had an overall positive impact on the adoption of managerial practices, but it had not significant impact on both productivity and specialization. We found p...
Article
Full-text available
In this paper we evaluate the impact of the provision of agricultural extension services to grape producers in Mendoza, Argentina, on yield and grape quality. Using fixed effects and matching techniques, we show that despite non-significant average treatment effects on yield, the program has large positive effects on productivity for producers who...
Article
Full-text available
Evaluations of government Technology Development Funds (TDF) in Argentina, Brazil, Chile and Panama are surveyed. All the evaluations were done at the recipient (firm) level using data from innovation surveys, industrial surveys, and administrative records of the granting units, together with quasi-experimental econometric techniques to minimise th...
Article
Full-text available
This paper analyzes the role of National Research Funds in promoting scientific production in emerging economies. The investigation focuses on the impact of the Chilean National Science and Technology Research Fund (FONDECYT). The analysis uses data drawn from international sources of bibliometric information combined with the administrative record...
Article
Full-text available
Latin-American Governments have frequently adopted Technology Development Funds (TDF) to financially support firms' innovation activities. This paper shows that TDF effectiveness depends on the adopted financing mechanism, on the presence of non-financial constraints and on the characteristics of the target beneficiaries. In general, the TDF that p...
Article
This paper investigates the relationship between government interventions to promote investments in innovation and firm-financed R&D. Merging a unique panel data set on Argentinean firms in the 1990s with a data base on different types of public support received through the FONTAR (Fondo Tecnologico Argentino) program, we estimate a fixed effects m...
Article
This paper contributes empirically to our understanding of informed traders. It analyzes traders' characteristics in a foreign exchange electronic limit order market via anonymous trader identities. We use six indicators of informed trading in a cross-sectional multivariate approach to identify traders with high price impact. More information is co...
Article
The paper investigates the relationship between government interventions to promote investments in innovation and firms-financed R&D. Merging a unique panel data set on Argentinean firms in the 1990s with a data base on different types of public support received through FONTAR program, we estimate a fixed effects model and find evidence of a signif...
Article
Full-text available
The first part of the paper deals with the theoretical foundations of new industrial policy tools aimed at promoting a process of interacting learning among firms. I discuss the issue at three different levels: first, I define the theoretical boundaries of my research interest within the considerable economic literature dealing with industrial netw...
Article
Full-text available
The introduction of industrial networking instruments based on a systemic and territorial approach to productive and competitive development, is one of the most innovative approaches to the problem of Latin-American SMEs' reduced productivity. Within this context, a good example is provided by the network of institutions created by the Universidad...
Chapter
This chapter analyzes the internationalization of production by Italian companies in Latin America and the Caribbean. To that end it is divided into two sections. The first examines Italy's position in international markets in terms of sales and capital flows. The aim is to provide a macroeconomic picture of the internationalization process pursued...

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Projects (2)
Project
How should business training programs be priced? Billions of dollars are spent subsidizing entrepreneurship programs around the world, and most of these programs are offered for free in developing countries. However it is not clear that offering these programs for free to everyone is the optimal solution. Firstly, charging a positive price could help screen those entrepreneurs with the highest returns from the program. Second, entrepreneurs paying a positive price might be more likely to attend the training, to exert more effort in the learning process and to adopt the practices recommended by the program. Finally, a positive price can help providers of the entrepreneurship program improve financial sustainability. This project is the first RCT to estimate the demand for a business training program. It will provide valuable lessons about the possibility and desirability to charge a positive price for these program. The trial will estimate the demand for entrepreneurship programs in Jamaica by eliciting willingness to pay (WTP) for an entrepreneurship program using a variation of the BDM mechanism. It will estimate returns to the program and test whether those returns vary with WTP. Conclusions from this experiment will be of great policy value to determine whether WTP can be used to better target business training program.