realizations. We show that the forecasts significantly affect farmer investment decisions and that these responses account for a … the main instrument, that the return to agricultural investment depends substantially on the conditions under which it is …-invest, by a factor of three, when we compare actual levels of investments to the optimal investment level that maximizes …

the aggregate shocks and the interaction between these shocks and the casual effects. We show that returns to investment …

We examine the impact of ambiguous and contested land rights on investment and productivity in agricultural in Akwapim …. -- Land tenure ; investment ; institutions …

, thus showing that liquidity constraints bind with respect to agricultural investment. In loan-villages, we gave grants to a … grants. Thus we find important heterogeneity in returns to investment and strong evidence that farmers with higher marginal … returns to investment self-select into lending programs. …