The Effect of Rural Credit on Deforestation: Evidence from the Brazilian Amazon

Autor:	Romero Rocha, Juliano Assunção, Rudi Rocha, Clarissa Gandour
Rok vydání:	2019
Předmět:	Economics and Econometrics Government Amazon rainforest Natural resource economics Deforestation 0502 economics and business 05 social sciences 050202 agricultural economics & policy Business 050207 economics Agricultural productivity Cattle ranching
Zdroj:	The Economic Journal. 130:290-330
ISSN:	1468-0297 0013-0133
DOI:	10.1093/ej/uez060
Popis:	In 2008, the Brazilian government made the concession of rural credit in the Amazon conditional upon stricter requirements as an attempt to curb forest clearings. This article studies the impact of this innovative policy on deforestation. Difference-in-differences estimations based on a panel of municipalities show that the policy change led to a substantial reduction in deforestation, mostly in municipalities where cattle ranching is the leading economic activity. The results suggest that the mechanism underlying these effects was a restriction in access to rural credit, one of the main support mechanisms for agricultural production in Brazil.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::45c262cbd2e475bef062af3f27eeb6af https://doi.org/10.1093/ej/uez060 Zobrazit plný text záznamu