We assess the extent and cost of misallocation in agriculture in less-developed countries comparing the analysis at the … plot and farm levels. Using detailed data from Uganda, we show that the plot-level analysis leads to extremely large … two empirical limitations of the plot as unit of analysis: excess measurement error and near constant returns to scale …

appear to vary greatly, seemingly in conflict with a model of efficient allocation across farms. In this paper, we present a … theoretical framework for distinguishing between measurement error, unobserved heterogeneity, and potential misallocation. Using … rich panel data from farms in Tanzania and Uganda, we estimate our model using a flexible specification in which we allow …

find that operated land size and capital are essentially unrelated to farm TFP implying substantial factor misallocation … factor of 3.6-fold. We directly link factor misallocation to severely restricted land markets as the vast majority of land is …

common firm type, the smallholder farm. We use detailed micro data from over 12,000 smallholder farms and nearly 100 … results question some common implications of observed dispersion, such as the importance of misallocation of factors of …

farm and state-level land market distortions are quantitatively important, with state-level wedges accounting for a …-level panel data to assess the effect of distortions in land rental markets on agricultural productivity. We provide empirical … evidence that states with more rental-market activity feature less misallocation and reallocate land more efficiently over time …

agriculture. It does so by bridging the extensive literature on climate impacts on yields and physical productivity in global crop …

throughout the prewar period. In our two-sector neoclassical growth model, the barrier-induced sectoral mis-allocation of labor … stay in agriculture …

This paper incorporates firm-level distortions into a Melitz model and characterizes welfare under misallocation. We … derive an analogue to the well-known ACR result in an economy with distortions. We highlight a channel through which trade … can reduce welfare by exacerbating misallocation. A key statistic to infer welfare is the gap between input and output …