Publication:
Locking Crops to Unlock Investment: Experimental Evidence on Warrantage in Burkina Faso

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dc.contributor.authorDelavallade, Clara
dc.contributor.authorGodlonton, Susan
dc.date.accessioned2020-05-21T19:01:21Z
dc.date.available2020-05-21T19:01:21Z
dc.date.issued2020-05
dc.description.abstractFinancial market imperfections remain pervasive in developing countries, constraining potentially profitable investment decisions, especially for rural smallholder farmers. Warrantage is an innovative model of rural finance with the potential to overcome credit, storage, and commitment constraints through a localized inventory credit scheme. Exploiting random variations in household access to warrantage and intensity of access across villages, this paper studies the direct impact of this scheme on beneficiaries as well as its spillover effects. Take-up of storage is high (94 percent), while credit take-up is moderate (38 percent). Households with access to warrantage primarily store sorghum and maize and sell their production over an extended period of time, earning higher average prices and resulting in higher sales revenue ($248, or 33 percent, on average). Increased incomes are spent on long-term investments, including human capital expenditures (education), livestock purchases, and investment in agricultural inputs for the subsequent year.en
dc.identifierhttp://documents.worldbank.org/curated/en/415991589810744520/Locking-Crops-to-Unlock-Investment-Experimental-Evidence-on-Warrantage-in-Burkina-Faso
dc.identifier.doi10.1596/1813-9450-9248
dc.identifier.urihttps://hdl.handle.net/10986/33795
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9248
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectRURAL FINANCE
dc.subjectINVENTORY CREDIT
dc.subjectSTORAGE
dc.subjectWARRANTAGE
dc.subjectAGRICULTURAL INVESTMENT
dc.subjectAFRICA GENDER POLICY
dc.subjectGENDER INNOVATION LAB
dc.subjectWOMEN AND AGRICULTURE
dc.titleLocking Crops to Unlock Investmenten
dc.title.subtitleExperimental Evidence on Warrantage in Burkina Fasoen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleLocking Crops to Unlock Investment: Experimental Evidence on Warrantage in Burkina Faso
okr.date.disclosure2020-05-18
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/415991589810744520/Locking-Crops-to-Unlock-Investment-Experimental-Evidence-on-Warrantage-in-Burkina-Faso
okr.guid415991589810744520
okr.identifier.doi10.1596/1813-9450-9248
okr.identifier.externaldocumentum090224b08794ea7a_2_0
okr.identifier.internaldocumentum32044957
okr.identifier.reportWPS9248
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/415991589810744520/pdf/Locking-Crops-to-Unlock-Investment-Experimental-Evidence-on-Warrantage-in-Burkina-Faso.pdfen
okr.region.administrativeAfrica
okr.region.countryBurkina Faso
okr.statistics.combined1519
okr.statistics.dr415991589810744520
okr.statistics.drstats1092
okr.topicAgriculture::Agricultural Sector Economics
okr.topicAgriculture::Agriculture & Farming Systems
okr.topicAgriculture::Crops & Crop Management Systems
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicRural Development::Rural Microfinance and SMEs
okr.unitGender Innovation Lab, Africa Region
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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