The Impact of Conditional Cash Transfers on Households Investments in Productive Assets and Activities: Evidence from the Juntos Programme in Peru

Cristina Cirillo and Giorgia Giovannetti ()
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Cristina Cirillo: Dipartimento di Scienze per l'Economia e l'Impresa

Working Papers - Economics from Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa

Abstract: This paper provides an impact evaluation of the Juntos programme on households’ decisions 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 constraints rather than to be used as an insurance for risky investments; iii) that the programs 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)
Pages: 25 pages
Date: 2018
New Economics Papers: this item is included in nep-agr, nep-dev and nep-lam
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Persistent link: https://EconPapers.repec.org/RePEc:frz:wpaper:wp2018_03.rdf

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