The Return to Capital in Ghana
Santosh Anagol and
Christopher Udry ()
No 28417, Center Discussion Papers from Yale University, Economic Growth Center
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: Financial; Economics (search for similar items in EconPapers)
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Journal Article: The Return to Capital in Ghana (2006)
Working Paper: The Return to Capital in Ghana (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:yaleeg:28417
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