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into export cropping and, thus, to higher poverty. We test the model using data from the Uganda National Household Survey …
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plot and farm levels. Using detailed data from Uganda, we show that the plot-level analysis leads to extremely large …
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Theoretically, indivisible investments together with financial frictions can lower development, generate poverty traps, and lead agents to become risk-loving. Using experimental cash grants involving a choice between a safer, low payoff and a riskier, large payoff lottery, we find that 27...
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