Participation determinants and impact assessment of the Institute of Agricultural Development (INDAP) credit program

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dc.contributor.authorDonoso, Guillermo
dc.contributor.authorMelo, Oscar
dc.contributor.authorNegrete, Eduardo
dc.date.accessioned2025-01-21T00:05:58Z
dc.date.available2025-01-21T00:05:58Z
dc.date.issued2010
dc.description.abstractG. Donoso, O. Melo, and E. Negrete. 2010. Participation determinants and impact assessment of the Institute of Agricultural Development (INDAP) credit program. Cien. Inv. Agr. 37(2): 87-99. This research estimates the impact of INDAP's Credit Program on the per hectare agricultural income of small agricultural producers. To accomplish this, a Treatment Effects Model (TEM) is employed to simultaneously estimate producer incomes and program participation functions, correcting for the potential presence of selectivity bias through the correlation between the errors of both functions. The results indicate that farmers of greater age present a higher disposition to participate in the program, but their interest decreases as their age increases. Additionally, producers who are acquainted with and evaluate the financial cost of credits as well as those producers whose income comes mainly from their land, who are landowners, present a greater family size and work greater land surfaces, present a greater disposition to participate. The results also indicate the existence of selection bias due to the nonrandom participation of farmers in the program. A negative correlation between the error terms of the per hectare agricultural income and participation function is observed. This implies that Ordinary Least Squares (OLS) underestimates the true effect of the program, because it omits the different initial situations between the treated and control group, situation corrected by the TEM estimation. In addition, the results indicate that there exists a positive and significant difference in the per hectare agricultural income between both groups in favor of the participants of the Credit Programs of INDAP, thus the Credit Program presents a positive impact on producer income levels.
dc.fuente.origenWOS
dc.identifier.issn0718-1620
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/95570
dc.identifier.wosidWOS:000281310300009
dc.issue.numero2
dc.language.isoen
dc.pagina.final99
dc.pagina.inicio87
dc.revistaCiencia e investigacion agraria
dc.rightsacceso restringido
dc.subjectProgram impact estimation
dc.subjectselection bias
dc.subjectrural finance
dc.subjecttreatment effects model
dc.subject.ods03 Good Health and Well-being
dc.subject.odspa03 Salud y bienestar
dc.titleParticipation determinants and impact assessment of the Institute of Agricultural Development (INDAP) credit program
dc.typeartículo
dc.volumen37
sipa.indexWOS
sipa.trazabilidadWOS;2025-01-12
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