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A Matter of Time: An Impact Evaluation of the Brazilian National Land Credit Program


  • Steven Helfand

    (Department of Economics, University of California Riverside)

  • Vilma Sielawa

    (Saint Mary's College of California)

  • Deepak Singhania

    (Evidence for Policy Design at IFMR, India)


This paper provides an impact evaluation of the Programa Nacional de Crédito Fundiário, a market assisted land reform program in Brazil. The paper uses a panel dataset and pipeline control group to evaluate the program’s impact on agricultural production and earned income, using a difference in differences model with either municipal or individual fixed effects. The heterogeneous effect of additional years of land ownership is investigated. The findings suggest that the program increases production and earned income by about 75% and 35%, but only after four years of land ownership. The conclusions are supported by a number of robustness tests, although considerable attrition and potential bias due to unobserved variables suggests caution. The benefits of the program largely go to making debt payments. If the impact on income continues to grow, as it did in the first five years, improvements in net wealth and current welfare could both be achieved.

Suggested Citation

  • Steven Helfand & Vilma Sielawa & Deepak Singhania, 2018. "A Matter of Time: An Impact Evaluation of the Brazilian National Land Credit Program," Working Papers 201815, University of California at Riverside, Department of Economics.
  • Handle: RePEc:ucr:wpaper:201815

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    References listed on IDEAS

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    More about this item


    Market Assisted Land Reform; Asset Transfers; Programa Nacional de Crédito Fundiário; Rural Poverty; Brazil.;
    All these keywords.

    JEL classification:

    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis

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