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Information, Efficiency, and Welfare in Agricultural Markets What do (don’t) we know?

Information, Efficiency, and Welfare in Agricultural Markets What do (don’t) we know?. Aparajita Goyal Economist, World Bank January 18, 2012. Two Dominant Questions. Given proliferation of ICT interventions in agriculture: What is the impact of these services on people's lives?

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Information, Efficiency, and Welfare in Agricultural Markets What do (don’t) we know?

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  1. Information, Efficiency, and Welfare in Agricultural MarketsWhat do (don’t) we know? Aparajita Goyal Economist, World Bank January 18, 2012

  2. Two Dominant Questions Given proliferation of ICT interventions in agriculture: • What is the impact of these services on people's lives? • What are the enabling factors for scaling up? Growing body of rigorous, quantitative, independent studies • Jensen 2007, Goyal 2010, Fafchamps & Minten 2011, Mitra, Mookherjee, Torero and Visaria 2011 • Aker 2008, Muto & Yamano 2009, Svensson & Yanagizawa 2009, Camacho & Conover 2010, Beuermann 2010 Information important for efficient functioning of markets - Costly search lowers competition, creates inefficient allocation

  3. Impact of Market Information Systems? Source: Jensen 2007 Source: Goyal 2010

  4. Scaling up? ICT innovations make markets work better (good for development) • But other constraints limit effect on welfare, gap in input effects • Bigger issue is why MIS not scaling up as expected? Fragmentation of the Market • Crop type, operating system, frequency of information • Typical of less mature markets Financially Sustainable Business Models • Private sector profits • Government partnerships

  5. Lessons Positive impact of ICT MIS on efficiency and welfare in certain contexts • Continue to build evidence, develop evaluation systems • What, Why, How? Not a Panacea for Development • Necessary but not sufficient condition • Cannot ignore investments in roads, electricity, infrastructure Sustainable and Scalable Business Models • IT Policy and Regulation • Role played by government, private sector, donors, communities

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