The Return to Capital in Ghana

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%.

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Year of publication:	2006-03
Authors:	Udry, Christopher ; Anagol, Santosh
Institutions:	Economic Growth Center, Economics Department
Subject:	Capital \| durable goods \| credit markets

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The price is None 13 pages
Classification:	O12 - Microeconomic Analyses of Economic Development ; O16 - Financial Markets; Saving and Capital Investment ; D24 - Production; Capital and Total Factor Productivity; Capacity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005357714