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Smart Subsidy? : Welfare and Distributional Implications of Malawi's FISP / Hanan Jacoby.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Jacoby, Hanan.
- Series:
- Other Agricultural Study
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Agricultural Productivity.
- Agricultural Sector Economics.
- Agriculture.
- Analysis of Economic Growth.
- Development Patterns and Poverty.
- Economic Management.
- Fertilizers.
- Income Distribution.
- Inequality.
- Macroeconomics and Economic Growth.
- Poverty Reduction.
- Public Expenditure, Financial Management and Procurement.
- Public Sector Governance.
- Rural Development.
- Rural Policies and Institutions.
- Taxation & Subsidies.
- Local Subjects:
- Agricultural Productivity.
- Agricultural Sector Economics.
- Agriculture.
- Analysis of Economic Growth.
- Development Patterns and Poverty.
- Economic Management.
- Fertilizers.
- Income Distribution.
- Inequality.
- Macroeconomics and Economic Growth.
- Poverty Reduction.
- Public Expenditure, Financial Management and Procurement.
- Public Sector Governance.
- Rural Development.
- Rural Policies and Institutions.
- Taxation & Subsidies.
- Physical Description:
- 1 online resource (1 pages)
- Other Title:
- Smart Subsidy?
- Place of Publication:
- Washington, D.C. : The World Bank, 2016.
- System Details:
- data file
- Summary:
- It is often argued that subsidizing fertilizer and other inputs is desirable both to boost agricultural production and to help poor farmers. This analysis of Malawi's huge Farmer Input Subsidy Program highlights a tension between these two objectives: The more FISP increases fertilizer use and thereby raises output, the greater the distortion and hence the lower the welfare gains from the program. Indeed, the empirical results indicate that up to 59% of every Kwacha spent on the FISP is wasted, in the sense that the fertilizer is not sufficiently valued by the beneficiaries. Cashing out the program is shown to have desirable distributional implications.
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