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Shortening the path to productive investment: Evidence from input fairs and cash transfers in Malawi

Aggarwal, Shilpa / Jeong, Dahyeon / Kumar, Naresh / Park, Sungho / Robinson, Jonathan / Spearot, Alan

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Abstract

While cash transfers consistently show large effects on immediate outcomes like consumption, limited access to markets may mute their impact on productive investment. In an experiment in Malawi, we cross-cut cash transfers with an “input fair”, designed to reduce transport costs to access agricultural inputs. Cash alone increases investment by 27%, while the joint provision of cash and the input fair increases investment by about 40%; thus, the incremental effect of the input fair is equivalent to about a 50% increase compared to the effect of cash alone. Input fairs alone were ineffective.

Issue Date
2024-09
Publisher
Elsevier BV
Keywords Plus
Risk; Agriculture; Decisions; Selection; Credit
Keywords(Author)
Cash Transfers; Market Access; Productive Investment; FISP; Input Fairs
DOI
10.1016/j.jdeveco.2024.103288
Journal Title
Journal of Development of Economics
ISSN
0304-3878
Language
English
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