Modelling the impact of market imperfections on farm household investment in stand-alone solar PV systems

•We find that solar PV adoption rates are persistently lower for credit constrained households in Uganda.•For a large number of the poor, credit constraints serve as a permanent barrier.•Presence of well-functioning second-hand markets for solar PVs enhance consumption and welfare.•Polices that rela...

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Veröffentlicht in:	World development 2019-04, Vol.116, p.66-76
Hauptverfasser:	Abdul-Salam, Yakubu, Phimister, Euan
Format:	Artikel
Sprache:	eng
Schlagworte:	Access Access to credit Adoption of innovations Africa Agricultural production Barriers Centralization Constraints Consumption Credit Decentralization Defects Dynamic programming Economic models Electric power grids Electricity Farm households Farming Farms Households Incentives Income Investment Investments Irreversibility Market imperfections Markets Photovoltaic cells Photovoltaics Production Productivity Residential energy Rural areas Rural communities Small farms Small-scale farming Solar cells Solar PVs Used goods Welfare
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