ASSET OWNERSHIP AND WORKING CAPITAL CONSTRAINTS IN A POST-REFORM ENVIRONMENT: IMPLICATIONS FOR SECOND GENERATION REFORMS IN ZAMBIA
Deininger, Klaus W.; Olinto, Pedro
1998

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Abstract

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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Title ASSET OWNERSHIP AND WORKING CAPITAL CONSTRAINTS IN A POST-REFORM ENVIRONMENT: IMPLICATIONS FOR SECOND GENERATION REFORMS IN ZAMBIA
Author(s) Deininger, Klaus W.
Olinto, Pedro
Subject(s)
Issue Date 1998
Publication Type Conference Paper/ Presentation
DOI and Other Identifiers 10.22004/ag.econ.20994
Record Identifier https://ageconsearch.umn.edu/record/20994
PURL Identifier http://purl.umn.edu/20994
Language English
Total Pages 14
Series Statement Selected Paper
Record Appears in Agricultural and Applied Economics Association (AAEA) > Agricultural and Applied Economics Association (AAEA) Conferences > 1998 Annual meeting, August 2-5, Salt Lake City, UT

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