(misallocation) and (2) the allocation of workers across sectors, in particular the type of farmers who operate in agriculture … factor misallocation in agriculture. We find that there are substantial frictions in both the land and capital markets linked … to land institutions in rural China that disproportionately constrain the more productive farmers. These frictions reduce …

realizations. We show that the forecasts significantly affect farmer investment decisions and that these responses account for a … areas of India, and that farmers respond more strongly to the forecast where there is more forecast skill and not at all … the main instrument, that the return to agricultural investment depends substantially on the conditions under which it is …

market in Western Kenya that took place when public sector foundation breeding and social impact investment capital together …This paper explores the idea that competitive seed systems may underserve farmers in small, agro-ecological niches …, leaving those farmers less productive and poorer than they need be. We develop a theoretical model of the confluence of demand …

Accumulating evidence indicates that environmental temperature substantially affects economic outcomes and violence … multiple dimensions of economic decisionmaking, judgment, and destructive behavior with 2,000 participants in Kenya and the US … unaffected by temperature. However, heat causes individuals to voluntarily destroy other participants' assets, with more …

Agriculture on the American Great Plains has been constrained by historical water scarcity. After World War II … droughts. Over time, land-use adjusted toward water-intensive crops and drought-sensitivity increased; conversely, farmers in …

agriculture. It does so by bridging the extensive literature on climate impacts on yields and physical productivity in global crop …, such as the role of initial temperature, and differential patterns of warming across the globe. We combine these climate …

This paper integrates local temperature treatment effects and a quantitative macroeconomic model to evaluate the impact … countries to estimate the effect of temperature on productivity in manufacturing and services. Estimates suggest that extreme … heat reduces non-agricultural productivity, but less so than in agriculture, implying that hot countries could adapt to …

agricultural yields and low food prices. Critical to this success has been sustained public sector investment combined with a … decentralized and competitive research system in the US. Recent intellectual property reforms motivated increased private investment …. For new technologies, the case of agriculture demonstrates that government has an important role in antitrust, the …

Recent models of firm investment decisions stressing informational imperfections in capital markets provide a … foundation for interpreting evidence that movements in internal finance can predict investment opportunities. While such evidence … worth and the profitability of investment, and reasonable measures of net worth can be constructed. Second, rather than …

This paper examines whether agricultural insurance can boost investment by small scale farmers in West Africa. We … conduct a randomized evaluation to analyze the impacts of index insurance for cotton farmers in Burkina Faso. We find no … impact of insurance on cotton, but, consistent with microeconomic theory, we find significant spillover impacts on investment …