ASSET OWNERSHIP AND WORKING CAPITAL CONSTRAINTS IN A POST-REFORM ENVIRONMENT: IMPLICATIONS FOR SECOND GENERATION REFORMS IN ZAMBIA

Klaus Deininger and Pedro Olinto

No 20994, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Using a 5,000 household panel from Zambia, we find that asset ownership, but not access to fertilizer, has an extremely important impact on output and that investment in oxen would yield returns above the market rate. Policies should thus focus on asset ownership more than on short term working capital.

Keywords: Community/Rural/Urban Development; Consumer/Household Economics (search for similar items in EconPapers)
Pages: 14
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20994

DOI: 10.22004/ag.econ.20994

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