Is the Magic Happening?
The multiplier effects of cash transfers are receiving renewed attention globally. The existence of multipliers — or the generation of additional dollars for every one dollar injected as cash transfers — illuminates new aspects of the impacts of social assistance and holds the potential to redefine how “fiscal sustainability” is generally interpreted. However, multipliers also attract questions: are multipliers real and tangible? How are multipliers estimated? What method might be more suitable than others in different contexts? What does the evidence reveal about those effects? This paper briefly summarizes emerging findings from existing literature on low- and middle-income countries, including a total of 23 studies. The paper discusses the main estimation methods, such as social accounting matrix and econometric techniques; presents results on multipliers across studies; and draws lessons for future research and practice.
| Main Authors: | , , , , , , |
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| Format: | Working Paper biblioteca |
| Language: | English English |
| Published: |
World Bank, Washington, DC
2023-07-31
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| Subjects: | MULTIPLIER, EXTERNALITIES, SPILLOVER EFFECT, FISCAL POLICY, LOCAL ECONOMY, RETURN, SOCIAL PROTECTION, SOCIAL ASSISTANCE, SAFETY NET, CASH TRANSFER, POVERTY ALLEVIATION, SOCIAL ACCOUNTING MATRIX, |
| Online Access: | http://documents.worldbank.org/curated/en/099452507272341291/IDU03fcef4630f1c60401209a260398108681817 https://openknowledge.worldbank.org/handle/10986/40113 |
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