A Matter of Time: An Impact Evaluation of the Brazilian National Land Credit Program

Steven Helfand (), Vilma Sielawa () and Deepak Singhania ()
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Vilma Sielawa: Saint Mary's College of California
Deepak Singhania: Evidence for Policy Design at IFMR, India

No 201815, Working Papers from University of California at Riverside, Department of Economics

Abstract: This paper provides an impact evaluation of the Programa Nacional de Crédito Fundiário, a market assisted land reform program in Brazil. The paper uses a panel dataset and pipeline control group to evaluate the program’s impact on agricultural production and earned income, using a difference in differences model with either municipal or individual fixed effects. The heterogeneous effect of additional years of land ownership is investigated. The findings suggest that the program increases production and earned income by about 75% and 35%, but only after four years of land ownership. The conclusions are supported by a number of robustness tests, although considerable attrition and potential bias due to unobserved variables suggests caution. The benefits of the program largely go to making debt payments. If the impact on income continues to grow, as it did in the first five years, improvements in net wealth and current welfare could both be achieved.

Keywords: Market Assisted Land Reform; Asset Transfers; Programa Nacional de Crédito Fundiário; Rural Poverty; Brazil. (search for similar items in EconPapers)
JEL-codes: O13 O22 Q15 (search for similar items in EconPapers)
Pages: 53 Pages
Date: 2018-09
New Economics Papers: this item is included in nep-agr and nep-dev
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https://economics.ucr.edu/repec/ucr/wpaper/201815.pdf First version, 2018 (application/pdf)

Related works:
Journal Article: A matter of time: An impact evaluation of the Brazilian National Land Credit Program (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:ucr:wpaper:201815

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