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Seminario CEDE - Francesco Bogliacino
16 Apr
16 Apr
Activo
Presencial

Seminario CEDE - Francesco Bogliacino

Facultad de Economía

10:00 am 10:00 am Universidad de los Andes

Facultad de Economía

We estimate the causal effect of the Colombian land restitution program on access to microcredit for agriculture. We use the timing of the restitution as the source of identification in an event study approach. Using administrative data from the program and all formal credit transactions, we show a significant increase in access to agricultural microcredit. The effects are stronger two years after the restitution when individuals acquire full property rights. Impacts are mainly driven by loans through the Agrarian Bank and supported by guarantees from the Agricultural Guarantee Fund, which are institutions specifically designed to promote investment in agriculture.

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