Forgone investment: Civil conflict and agricultural credit in Colombia

Códigos JEL: D74, G21, O13, O16

Autores:
De Roux, Nicolás
Martínez, Luis Roberto
Tipo de recurso:
Work document
Fecha de publicación:
2021
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/49802
Acceso en línea:
http://hdl.handle.net/1992/49802
Palabra clave:
Conffict
Investment
Credit
Agriculture
FARC
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
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spelling Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2De Roux, Nicolás34ba33b5-ae68-4035-bdb4-24b082be43c1400Martínez, Luis Roberto29dd63a9-c73b-4e07-9315-4d65574c1b094002021-04-20T18:26:23Z2021-04-20T18:26:23Z2021http://hdl.handle.net/1992/498021657-719110.57784/1992/49802instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/Códigos JEL: D74, G21, O13, O16Do agricultural producers forgo otherwise profitable investments due to civil conflict? Answering this question is crucial to our understanding of the costs of violence, but requires the ability to measure farmers' willingness to invest and access to exogenous variation in conflict intensity. We exploit a unique administrative dataset from Colombia's largest agricultural bank and the 2016 demobilization agreement between the Colombian government and insurgent group FARC to overcome these challenges. A difference-in-difference analysis yields three main findings: First, credit to small producers increases after the agreement in municipalities with high FARC exposure (17% over sample mean). Higher loan applications drive this increase, with no change in supply-side variables. Second, a simple theoretical framework combined with rich information on characteristics of loan applicants and projects (including credit scores and loan outcomes) suggests that changes in project returns, but not in risk, underlie the increase in credit demand. Third, conflict is not the binding constraint on investment in areas with low access to markets. Higher investment, unchanged default rates and additional evidence of increased nighttime luminosity after the end of conflict imply an overall positive economic impact.78 páginasapplication/pdfengUniversidad de los Andes, Facultad de Economía, CEDEDocumentos CEDE No. 22 Abril de 2021https://ideas.repec.org/p/col/000089/019236.htmlForgone investment: Civil conflict and agricultural credit in ColombiaDocumento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPConffictInvestmentCreditAgricultureFARCFacultad de EconomíaPublicationORIGINALdcede2021-22.pdfdcede2021-22.pdfVersión en Inglésapplication/pdf10674724https://repositorio.uniandes.edu.co/bitstreams/2dc9a2d4-f14d-4735-a6c0-c3acfcb18f6e/download22053389029f4ef51e04bcceb0a09bb2MD51TEXTdcede2021-22.pdf.txtdcede2021-22.pdf.txtExtracted texttext/plain193879https://repositorio.uniandes.edu.co/bitstreams/982f52b9-9521-4c8c-a0b0-d94b2460e01c/downloaddf34163a8cbb102dcb519950e14b815bMD57THUMBNAILdcede2021-22.pdf.jpgdcede2021-22.pdf.jpgIM Thumbnailimage/jpeg16515https://repositorio.uniandes.edu.co/bitstreams/cb20b949-5f74-4858-b852-f7558eed6303/download3be85933f8564b8bc873df8bfd5f75b5MD591992/49802oai:repositorio.uniandes.edu.co:1992/498022024-06-04 15:32:22.807http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co
dc.title.none.fl_str_mv Forgone investment: Civil conflict and agricultural credit in Colombia
title Forgone investment: Civil conflict and agricultural credit in Colombia
spellingShingle Forgone investment: Civil conflict and agricultural credit in Colombia
Conffict
Investment
Credit
Agriculture
FARC
title_short Forgone investment: Civil conflict and agricultural credit in Colombia
title_full Forgone investment: Civil conflict and agricultural credit in Colombia
title_fullStr Forgone investment: Civil conflict and agricultural credit in Colombia
title_full_unstemmed Forgone investment: Civil conflict and agricultural credit in Colombia
title_sort Forgone investment: Civil conflict and agricultural credit in Colombia
dc.creator.fl_str_mv De Roux, Nicolás
Martínez, Luis Roberto
dc.contributor.author.none.fl_str_mv De Roux, Nicolás
Martínez, Luis Roberto
dc.subject.keyword.none.fl_str_mv Conffict
Investment
Credit
Agriculture
FARC
topic Conffict
Investment
Credit
Agriculture
FARC
description Códigos JEL: D74, G21, O13, O16
publishDate 2021
dc.date.accessioned.none.fl_str_mv 2021-04-20T18:26:23Z
dc.date.available.none.fl_str_mv 2021-04-20T18:26:23Z
dc.date.issued.none.fl_str_mv 2021
dc.type.spa.fl_str_mv Documento de trabajo
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dc.identifier.doi.none.fl_str_mv 10.57784/1992/49802
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identifier_str_mv 1657-7191
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dc.language.iso.none.fl_str_mv eng
language eng
dc.relation.ispartofseries.none.fl_str_mv Documentos CEDE No. 22 Abril de 2021
dc.relation.repec.spa.fl_str_mv https://ideas.repec.org/p/col/000089/019236.html
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eu_rights_str_mv openAccess
dc.format.extent.none.fl_str_mv 78 páginas
dc.format.mimetype.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
institution Universidad de los Andes
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