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
Authors:	Udry, Christopher ; Anagol, Santosh
Publisher:	New Haven, CT : Yale University, Economic Growth Center
Subject:	Capital \| durable goods \| credit markets

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Series:	Center Discussion Paper ; 932
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	593058887 [GVK] hdl:10419/26973 [Handle] RePEc:egc:wpaper:932 [RePEc]
Classification:	O12 - Microeconomic Analyses of Economic Development ; O16 - Financial Markets; Saving and Capital Investment ; D24 - Production; Capital and Total Factor Productivity; Capacity
Source:	EconStor

Persistent link: https://www.econbiz.de/10010264863