ABSTRACT

We present findings from a study of the local-economy impacts of Lesotho’s Child Grants Programme and of a multi-faceted rural development intervention. We designed a micro-data parameterised general equilibrium model and used it to simulate the direct and indirect impacts of the two interventions, considering income and production spillovers. The Child Grants Programme, alone and in combination with the rural development programme, generates total discounted benefits that exceed discounted programme costs. Local-economy spillovers amplify the benefit-cost ratio of both cash transfers and productive interventions. By better integrating with outside markets, it is possible to attain substantial cost-effective income gains for local economies.

摘要

我们介绍了莱索托儿童补助计划和多方面农村发展干预对当地经济影响的研究结果。我们设计了一个微观数据参数化一般均衡模型，并用它来模拟两种干预措施的直接和间接影响，同时考虑收入和生产溢出效应。单独的儿童补助计划以及与农村发展计划相结合的儿童补助计划产生的总折扣收益超过了折扣计划成本。地方经济的溢出效应放大了现金转移支付和生产性干预的效益成本比。通过更好地融入外部市场，有可能为当地经济带来可观的成本效益收益。