Assessing the Functioning of Land Rental Markets in Ethiopia is popular PDF and ePub book, written by Klaus Deininger in 2008, it is a fantastic choice for those who relish reading online the Communities and Human Settlements genre. Let's immerse ourselves in this engaging Communities and Human Settlements book by exploring the summary and details provided below. Remember, Assessing the Functioning of Land Rental Markets in Ethiopia can be Read Online from any device for your convenience.
Assessing the Functioning of Land Rental Markets in Ethiopia Book PDF Summary
Abstract: Although a large theoretical literature discusses the possible inefficiency of sharecropping contracts, the empirical evidence on this phenomenon has been ambiguous at best. Household-level fixed-effect estimates from about 8,500 plots operated by households that own and sharecrop land in the Ethiopian highlands provide support for the hypothesis of Marshallian inefficiency. At the same time, a factor adjustment model suggests that the extent to which rental markets allow households to attain their desired operational holding size is extremely limited. Our analysis points towards factor market imperfections (no rental for oxen), lack of alternative employment opportunities, and tenure insecurity as possible reasons underlying such behavior, suggesting that, rather than worrying almost exclusively about Marshallian inefficiency, it is equally warranted to give due attention to the policy framework within which land rental markets operate.
Detail Book of Assessing the Functioning of Land Rental Markets in Ethiopia PDF
- Author : Klaus Deininger
- Release : 20 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Communities and Human Settlements
- Total Page : 32 pages
- Language : English
- PDF File Size : 14,6 Mb
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