This paper explores the link between poverty and resource allocation, including the management of natural resources, by chronically indebted rural smallholders in developing countries. The paper proposes a formal intertemporal model of a credit constrained farm household that can invest in...

Democracy and natural resources -- Theoretical foundation of decentralization's potential environmental benefits -- Local accountability - institutional choices in practice -- Responsiveness of local institutions - power and capacity -- Lessons learned -- Recommendations -- Annex A: WRI research...