This policy brief emphasises that:
- evidence shows that large-scale, well-designed social-transfer
programmes can support micro-level growth processes;
- social transfers enable investment in human capital and productive
assets, laying the foundations for future growth;
- social transfers can improve the efficiency of household resource
allocation by alleviating vulnerability and by targeting individual
- the growth effect of social transfer programmes is largely determined
by programme design: transfers should be regular and reliable,
appropriately channelled and complemented by asset-accumulation and
CPRC Policy Brief 14, 2 pp.
Social transfers: stimulating household-level growth. CPRC Policy Brief 14.