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Estimation of rates of return of social protection instruments. Making the case for non-contributory social transfers in Cambodia

Author

Listed:
  • Mideros A.
  • Gassmann F.
  • Mohnen P.

    (UNU-MERIT)

Abstract

This study estimates the rates of return RoR of non-contributory social transfer programmes in Cambodia using household data and going beyond standard cost efficiency analyses by developing a dynamic micro simulation. It shows that social protection promotes equitable economic growth by enhancing human development and fostering economic performance at the micro level. A positive RoR is achieved after 12 periods and can reach between 12 per cent and 15 per cent after 20 periods. This study shows that micro simulation models can be extended in order to analyse the economic returns on social protection.

Suggested Citation

  • Mideros A. & Gassmann F. & Mohnen P., 2013. "Estimation of rates of return of social protection instruments. Making the case for non-contributory social transfers in Cambodia," MERIT Working Papers 063, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  • Handle: RePEc:unm:unumer:2013063
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    File URL: https://www.merit.unu.edu/publications/wppdf/2013/wp2013-063.pdf
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    References listed on IDEAS

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    1. Merz, Joachim, 1994. "Microsimulation - A Survey of Methods and Applications for Analyzing Economic and Social Policy," MPRA Paper 7232, University Library of Munich, Germany.
    2. Davies, Simon & Davey, James, 2007. "A regional multiplier approach to estimating the impact of cash transfers: The case of cash aid in rural Malawi," MPRA Paper 3724, University Library of Munich, Germany.
    3. Jolliffe, Dean, 2002. "Whose Education Matters in the Determination of Household Income? Evidence from a Developing Country," Economic Development and Cultural Change, University of Chicago Press, vol. 50(2), pages 287-312, January.
    4. Isabel Ortiz & Jingqing Chai & Matthew Cummins, 2011. "Escalating Food Prices: The threat to poor households and policies to safeguard a Recovery for All," Working papers 1101, UNICEF,Division of Policy and Strategy.
    5. Armando Barrientos & James Scott, 2008. "Social Transfers and Growth: A Review," Global Development Institute Working Paper Series 5208, GDI, The University of Manchester.
    6. Ponce, Juan & Bedi, Arjun S., 2010. "The impact of a cash transfer program on cognitive achievement: The Bono de Desarrollo Humano of Ecuador," Economics of Education Review, Elsevier, vol. 29(1), pages 116-125, February.
    7. Akresh, Richard & de Walque, Damien & Kazianga, Harounan, 2013. "Cash transfers and child schooling : evidence from a randomized evaluation of the role of conditionality," Policy Research Working Paper Series 6340, The World Bank.
    8. Timothy Besley & Robin Burgess, 2003. "Halving Global Poverty," Journal of Economic Perspectives, American Economic Association, vol. 17(3), pages 3-22, Summer.
    9. Armando Barrientos & Rachel Sabatés-Wheeler, 2009. "Do transfers generate local economy effects?," Global Development Institute Working Paper Series 10609, GDI, The University of Manchester.
    10. Li, Jinjing & O'Donoghue, Cathal, 2012. "A methodological survey of dynamic microsimulation models," MERIT Working Papers 002, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    11. Szirmai, Adam, 2012. "Proximate, intermediate and ultimate causality: Theories and experiences of growth and development," MERIT Working Papers 032, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    12. Schady, Norbert & Araujo, Maria Caridad, 2006. "Cash transfers, conditions, school enrollment, and child work : evidence from a randomized experiment in Ecuador," Policy Research Working Paper Series 3930, The World Bank.
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    Citations

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    Cited by:

    1. Cousins, Mel, 2014. "Social Protection in the Mekong: policy trends and future directions," MPRA Paper 60026, University Library of Munich, Germany.
    2. Dietrich, Stephan & Malerba, Daniele & Barrientos, Armando & Gassmann, Franziska, 2017. "Rates of return to antipoverty transfers in Uganda," MERIT Working Papers 040, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    3. Mideros Andrés & O’Donoghue Cathal, 2015. "The Effect of Unconditional Cash Transfers on Adult Labour Supply: A Unitary Discrete Choice Model for the Case of Ecuador," Basic Income Studies, De Gruyter, vol. 10(2), pages 225-255, December.
    4. Franziska Gassmann & Cecile Cherrier & Andrés Mideros Mora & Pierre Mohnen, 2013. "Making the Investment Case for Social Protection: Methodological challenges with lessons learnt from a recent study in Cambodia," Papers inwopa694, Innocenti Working Papers.
    5. Mideros Mora, Andres & Gassmann, Franziska, 2017. "Fostering social mobility: The case of the 'Bono de Desarrollo Humano' in Ecuador," MERIT Working Papers 002, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

    More about this item

    Keywords

    Statistical Simulation Methods; Public Economics; Welfare and Poverty; Provision and Effects of Welfare Programs; Economic Development; Human Resources; Human Development; Income Distribution; Migration;

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • H00 - Public Economics - - General - - - General
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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