The Impact of Conditional Cash Transfers on Consumption and Investment in Nicaragua by

نویسنده

  • John A. Maluccio
چکیده

This article examines the impact of a conditional cash transfer programme in Nicaragua on a range of consumption and productive investment measures. Programme effects are estimated using household panel data collected as part of a randomised evaluation. Despite clear evidence that the programme increased current expenditures, there is only limited evidence that it increased investment. An estimated MPC out of the transfers of nearly one, combined with no effect of cumulative past transfers on consumption, corroborate the direct evidence on investment. In contrast to gains made by the programme in human capital, the potential for long term increases in consumption as a result of increased investment, while positive, may be limited.

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تاریخ انتشار 2007