English, Article, Journal or magazine article edition: Land lease markets and agricultural efficiency: theory and evidence from Ethiopia Pender, John L.; Fafchamps, Marcel

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Bookmark: http://trove.nla.gov.au/version/12818
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • LAND LEASE MARKETS AND AGRICULTURAL EFFICIENCY: THEORY AND EVIDENCE FROM ETHIOPIA
Author
  • Pender, John L.
  • Fafchamps, Marcel
Physical Description
  • preprint
Notes
  • This paper develops a theoretical model of land leasing that includes transaction costs of enforcing labor effort, risk pooling motives and non-tradable productive inputs. We test the implications of this model compared to those of the “Marshallian” (unenforceable labor effort) and “New School” (costlessly enforceable effort) perspectives using data collected from four villages in Ethiopia. We find that land lease markets operate relatively efficiently in the villages studied, supporting the New School perspective relative to the other two models. Land contract choice is found to depend upon the social relationships between landlords and tenants, but differences in contracts are not associated with significant differences in input use or output value per hectare. We find that other household and village characteristics do affect input use and output value, suggesting imperfections in other factor markets. These results imply that interventions to improve the functioning of land lease markets are likely to be of little benefit for agricultural efficiency in the villages studied, whereas improvements in other factor markets may be more beneficial.
  • Land use Ethiopia., Agriculture Economic aspects Egypt.,
  • RePEc:fpr:eptddp:81
  • This paper develops a theoretical model of land leasing that includes transaction costs of enforcing labor effort, risk pooling motives and non-tradable capital inputs. We test the implications of this model compared to those of the “"Marshallian”" (unenforceable labor effort) and “"New School”" (costlessly enforceable effort) perspectives using data collected from four villages in Ethiopia. We find that land lease markets operate relatively efficiently in the villages studied, supporting the New School perspective. Land contract choice is found to depend upon the social relationships between landlords and tenants, but differences in contracts are not associated with significant differences in input use or output value per hectare. We find that other household and village characteristics do affect input use and output value, suggesting imperfections in other factor markets.
  • Land Economics/​Use,
  • RePEc:ags:aaea02:19796
Language
  • English
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