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Innovation Adoption and Liquidity Constraints in the Presence of Grassroots Extension Agents: Evidence from the Peruvian Highlands

hal.structure.identifierCenter of Research in the Economics of Development [CRED]
dc.contributor.authorBonjean, Isabelle*
hal.structure.identifierDepartment of economics
hal.structure.identifierCenter of Research in the Economics of Development [CRED]
dc.contributor.authorPlatteau, Jean-Philippe*
hal.structure.identifierUniversity of Namur - FUNDP / URBC 61
hal.structure.identifierCentre de Recherche en Economie du Développement [CRED]
dc.contributor.authorVerardi, Vicenzo*
dc.date.accessioned2018-09-14T12:21:17Z
dc.date.available2018-09-14T12:21:17Z
dc.date.issued2016
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/18016
dc.language.isoenen
dc.subjectcrediten
dc.subjectInnovation adoptionen
dc.subjectliquidity constrainten
dc.subjectTrusten
dc.subject.ddc332en
dc.subject.classificationjelG.G3.G30en
dc.subject.classificationjelG.G1.G10en
dc.titleInnovation Adoption and Liquidity Constraints in the Presence of Grassroots Extension Agents: Evidence from the Peruvian Highlandsen
dc.typeDocument de travail / Working paper
dc.description.abstractenUnder a program aimed at activating a market for technical innovations, cattle herders from a remote and poor area in the Peruvian Highlands were offered a range of new techniques. Diffusion has been helped by extension agents recruited from the user communities and acting as private business operators. One key remaining constraint on innovation adoption is lack of liquidity. We show that it is at work for one innovation only. Limited operation of the liquidity constraint is explained thus: (i) innovations may be cheap; (ii) they may be divisible; and (iii) the extension agents may provide seller credit to help users finance the purchase of modern inputs. Overall, our conclusion goes against the pessimistic assessment of the impact of extension work in poor areas that emerges from the current literature. It also points to the relatively egalitarian process underlying the Green Revolution as it has taken place in Asian agriculture.en
dc.identifier.citationpages59en
dc.relation.ispartofseriestitleNOPOOR Working Paperen
dc.relation.ispartofseriesnumber55en
dc.subject.ddclabelEconomie financièreen
dc.identifier.citationdate2016-08
dc.description.ssrncandidatenonen
dc.description.halcandidatenonen
dc.description.readershiprechercheen
dc.description.audienceInternationalen
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    Projet européen NOPOOR Enhancing Knowledge for Renewed Policies against Poverty

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