Do Cash Transfers Trigger Investment? Evidence for Peru
Cristina Cirillo and
Giorgia Giovannetti ()
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Cristina Cirillo: University of Florence and University of Trento
No 433, Development Working Papers from Centro Studi Luca d'Agliano, University of Milano
This paper provides an impact evaluation of the Juntos programme on households' decision to invest in livestock and agricultural and non-agricultural assets used for income generating activities. Using Propensity Score Matching and Difference in Difference techniques, we show: i) that beneficiaries are significantly more likely to invest in productive assets and activities with respect to non-beneficiaries; ii) that Juntos is more likely to relax liquidity contraints rather than to be used as an insurance for risky investments; iii) that the program benefits the poor but not the poorest of the poor. Duration and transfers regularity do not produce significant differences between groups of beneficiaries. However, results show a sustained impact of the programme over time.
Keywords: Conditional cash transfers; Impact evaluation; Households investments; Juntos (search for similar items in EconPapers)
JEL-codes: H20 H43 I38 O12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr and nep-dev
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Persistent link: https://EconPapers.repec.org/RePEc:csl:devewp:433
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