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effects on agricultural investment on Brazilian frontiers. We use survey data from 1992 and 1993 from the state of Par with … data on the characteristics of the settlers, land tenure, land agencies involved, land values, and investment. We then turn …. The empirical findings support the predictions of the theory regarding the effects of title and investment on land value …
Persistent link: https://www.econbiz.de/10012473459
Risk often inhibits on-farm investment by smallholder farmers. Recent evidence indicates that index insurance and … control villages, where shocks have persistent effects that reduce future investment and productivity, those with access to …
Persistent link: https://www.econbiz.de/10012629454
Agricultural productivity in Sub-Saharan Africa (SSA) lags far behind all other regions of the world. A long list of policy experiments has yielded more evidence on what fails than on what works. We analyze a randomized control trial of a rare scaled-up success story: One Acre Fund's small...
Persistent link: https://www.econbiz.de/10012480002
We revisit the long-standing empirical evidence of an inverse relationship between farm size and productivity using rich microdata from Uganda. We show that farm size is negatively related to yields (output per hectare), as commonly found in the literature, but positively related to farm...
Persistent link: https://www.econbiz.de/10012480276
In discussing the paradoxical violation of expected utility theory that now bears his name, Maurice Allais noted that individuals tend to "greatly value" payoffs that are certain. Allais' observation would seem to imply that people will undervalue insurance relative to the predictions of...
Persistent link: https://www.econbiz.de/10012480679
This paper examines whether agricultural insurance can boost investment by small scale farmers in West Africa. We … impact of insurance on cotton, but, consistent with microeconomic theory, we find significant spillover impacts on investment … that limited its impacts. Overall, this study suggests a promising role of index insurance for stimulating investment, but …
Persistent link: https://www.econbiz.de/10012481419
A vast firm productivity literature finds that otherwise similar firms differ widely in their productivity and that these differences persist through time, with important implications for the broader macroeconomy. These stylized facts derive largely from studies of manufacturing firms in wealthy...
Persistent link: https://www.econbiz.de/10012481882
We provide a new and more complete analysis of the origins of the Dust Bowl of the 1930s, one of the most severe environmental crises in North America in the 20th Century. Severe drought and wind erosion hit the Great Plains in 1930 and lasted through 1940. There were similar droughts in the...
Persistent link: https://www.econbiz.de/10012468639
Many rural households in low and middle income countries continue to rely on small-scale agriculture as their primary source of income. In the absence of irrigation, income arrives only once or twice per year, and has to cover consumption and input needs until the subsequent harvest. We develop...
Persistent link: https://www.econbiz.de/10012453152
sell at higher prices, increasing farm revenues and generating a return on investment of 28%. To understand general …
Persistent link: https://www.econbiz.de/10012453239