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Title | Land lease markets and agricultural efficiency |
Subtitle | theory and evidence from Ethiopia |
Author |
Pender, John L. Fafchamps, Marcel |
Year | 2001 |
Abstract | This paper develops a theoretical model of land leasing that includes transaction costs of enforcing labor effort, risk pooling motives and non-tradable productive inputs. We test the implications of this model compared to those of the “Marshallian” (unenforceable labor effort) and “New School” (costlessly enforceable effort) perspectives using data collected from four villages in Ethiopia. We find that land lease markets operate relatively efficiently in the villages studied, supporting the New School perspective relative to the other two models. Land contract choice is found to depend upon the social relationships between landlords and tenants, but differences in contracts are not associated with significant differences in input use or output value per hectare. We find that other household and village characteristics do affect input use and output value, suggesting imperfections in other factor markets. These results imply that interventions to improve the functioning of land lease markets are likely to be of little benefit for agricultural efficiency in the villages studied, whereas improvements in other factor markets may be more beneficial. |
Series Name | EPTD Discussion paper |
Series Number | 81 |
Publisher | International Food Policy Research Institute (IFPRI) |
Place of publication | Washington, D.C. |
Language | English |
Record Type | Discussion paper |
Peer Reviewed - PR or Non-PR | Non-PR |
Subject - country location |
ETHIOPIA AFRICA SOUTH OF SAHARA AFRICA |
Subject - keywords |
Land use Agriculture -- Economic aspects Land management |
IFPRI Descriptors |
GRP5 IFPRI1 |
IFPRI Division | EPTD |
Access Rights | Open Access |
LOC call number | EPTD DP81 |
Physical description | 61 pages |
IFPRI Web link | http://www.ifpri.org/divs/eptd/dp/eptdp81.htm |
Requests | mailto:ifpri-library@cgiar.org |
CONTENTdm file name | 73682.cpd |
Date cataloged | 2017-06-06 |
Date modified | 2017-06-06 |
OCLC number | 780175233 |
CONTENTdm number | 73681 |
Description
Title | eptdp81 34 |
Access Rights | Open Access |
Requests | mailto:ifpri-library@cgiar.org |
CONTENTdm file name | 73651.pdfpage |
Date cataloged | 2015-03-17 |
Date modified | 2015-03-17 |
CONTENTdm number | 73650 |
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