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Please use this identifier to cite or link to this item: http://dspace.utalca.cl/handle/1950/8818

Title: The Economic Impact of Marena's Investments on Sustainable Agricultural Systems in Honduras
Authors: Bravo-Ureta, B.E.
Almeida, AN.
Solis, D.
Inestroza, A.
Keywords: Honduras
impact evaluation
internal rate of return
natural resource management
D24; Q2; Q12; Q16
Issue Date: Jun-2011
Citation: JOURNAL OF AGRICULTURAL ECONOMICS Volume: 62 Issue: 2 Pages: 429-448 DOI: 10.1111/j.1477-9552.2010.00277.x
Abstract: This study examines the economic impact of sustainable agricultural production systems in Central America. In particular, we investigate the impact of investments promoted by the MARENA Programme in Honduras on the total value of agricultural production (TVAP) of its beneficiaries. Propensity Score Matching techniques along with the Difference-in-Differences framework are used to mitigate biases stemming from differences in observed as well as unobserved (time-invariant) characteristics between beneficiaries and a control group. The econometric estimates suggest that MARENA has had a positive and significant effect on the TVAP of beneficiaries. In addition, the analysis shows that, under alternative scenarios, MARENA yielded higher than expected internal rates of return. The results of this study shed light on the response of small-scale hillside farmers to economic incentives and lend support to the role of natural resource management projects in Central America as a tool to increase household income while also promoting the conservation of natural resources.
Description: Bravo-Ureta, BE (Bravo-Ureta, Boris E)Univ Talca, Talca, Chile
URI: http://dspace.utalca.cl/handle/1950/8818
ISSN: 0021-857X
Appears in Collections:Artículos en publicaciones ISI - Universidad de Talca

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