Why liberalization alone has not improved agricultural productivity in Zambia: the role of asset ownership and working capital constraints
World Bank, Development Research Group, Rural Development, 2000 - Business & Economics - 22 pages
Policies to foster accumulation of the assets needed for agricultural production (including draft animals and implements) and to provide complementary public goods (education, credit, and good agricultural extension services)could greatly help reduce poverty and improve productivity in Zambia.
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access to credit access to extension access to fertilizer agricultural production agricultural sector Amemyia and MaCurdy amount of fertilizer animals and implements area cultivated asset endowments assumed biased CM CM constraints credit access cross-sectional analysis cultivated area Descriptive statistics different from zero Distance to Markets draught animal ownership econometric econometrician ERRORS ESTIMATES STD estimation issues estimator TLS estimator exogenous farmers fertilizer demand household/farm specific HT estimator Implement 1000 Indicates statistically different individual effects infrastructure input demand input prices instrumental variable labor large number maize market imperfections model and estimation non-price null space number of columns orthogonality Policy Research Primary education private sector Probit production function productive assets profitable purchased inputs Rainfall deviation real interest rates reforms regression Research Working Paper rural producers Secondary Education SML estimate structural parameters subsidies suggest time-invariant explanatory variables time-variant Tobit model total factor productivity unobserved weather shock World Bank Zambia