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: D24 O12 O16 (search for similar items in EconPapers)
Pages: 13 pages
New Economics Papers: this item is included in nep-afr, nep-agr, nep-dev and nep-fmk
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (66) Track citations by RSS feed
Downloads: (external link)
Journal Article: The Return to Capital in Ghana (2006)
Working Paper: The Return to Capital in Ghana (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:egc:wpaper:932
Access Statistics for this paper
More papers in Working Papers from Economic Growth Center, Yale University Contact information at EDIRC.
Bibliographic data for series maintained by Benjamin King ().