Agricultural productivity growth is widely seen as an essential instrument of poverty reduction, food security and broader economic growth. Paradoxically, however, the agricultural sector is often neglected by African governments in what is often termed ‘urban bias’. This paper explores what...

This paper evaluates the long-term impact of microfinance credit from the intensity of participation in borrowing. We use a four-round panel data set on 351 farm households that had access to microfinance in northern Ethiopia. Over the years 1997-2006, with three-year intervals, households are...

This paper analyses the impact of increasing direct payments on land rents in six new EU member states in which agricultural subsidies largely increased as a result of their EU accession. We find that up to 25 eurocents per additional euro of direct payments is capitalized in land rents. In...

The enterprise of agriculture is subject to lot many uncertainties. Still, more people in India earn their livelihood from this sector, than from all other economic sectors put together. Agricultural associated with several risks which include adverse changes in both input and output prices,...

Using panel data from a survey conducted in 2006 and 2008 of 177 market-oriented farmers in central Chile, we investigate investment under imperfect capital markets. Specifically we determine the impact of formal credit constraints on fixed investment. By controlling for endogeneity problems, we...

This study shows how different forms of individual social capital affect access to formal credit in rural Thailand. In the context of agriculture economics, an innovative data collection approach is used that originates from the field of sociology (personal network survey). We measure social...

Using a unique dataset of a commercial microfinance institution (MFI) in Tanzania this paper investigates first whether agricultural firms have a different probability to get a loan and whether their loans are differently volume rationed than loans to non-agricultural firms. Second, we analyze...

This paper looks at past trends of agricultural R&D allocation in developing countries, projects future performance of agriculture in these regions based in past investment and determines the optimal allocation of R&D investment across regions to maximize global welfare using a dynamic linear...