The Return to Capital in Ghana

Christopher Udry and Santosh Anagol

Working Papers from Economic Growth Center, Yale University

Abstract: 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
Date: 2006-03
New Economics Papers: this item is included in nep-afr, nep-agr, nep-dev and nep-fmk
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Citations: View citations in EconPapers (95)

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http://www.econ.yale.edu/growth_pdf/cdp932.pdf (application/pdf)

Related works:
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:egc:wpaper:932

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