The Return to Capital in Ghana
Christopher Udry () and
Working Papers from Economic Growth Center, Yale University
We show that the real return to capital in Ghana's informal sector is high. For farmers, we find annual returns ranging from 205-350% in the new technology of pineapple cultivation, and 30-50% in well-established food crop cultivation. We also examine the relative prices of durable goods of varying durability, and estimate a lower bound to the opportunity cost of capital of 60%.
Keywords: Capital; durable goods; credit markets (search for similar items in EconPapers)
JEL-codes: O12 O16 D24 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr, nep-agr, nep-dev and nep-fmk
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Journal Article: The Return to Capital in Ghana (2006)
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Persistent link: http://EconPapers.repec.org/RePEc:egc:wpaper:932
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