ASSET OWNERSHIP AND WORKING CAPITAL CONSTRAINTS IN A POST-REFORM ENVIRONMENT: IMPLICATIONS FOR SECOND GENERATION REFORMS IN ZAMBIA

Using a 5,000 household panel from Zambia, we find that asset ownership, but not access to fertilizer, has an extremely important impact on output and that investment in oxen would yield returns above the market rate. Policies should thus focus on asset ownership more than on short term working capital.

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Year of publication:	1998
Authors:	Deininger, Klaus W. ; Olinto, Pedro
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Community/Rural/Urban Development \| Consumer/Household Economics

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Extent:	application/pdf
Series:	1998 Annual meeting, August 2-5, Salt Lake City, UT.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 1998 Annual meeting, August 2-5, Salt Lake City, UT Number 20994
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005338781