Why Liberalization Alone Has Not Improved Agricultural Productivity in Zambia The Role of Asset Ownership and Working Capital Constraints
Why Liberalization Alone Has Not Improved Agricultural Productivity in Zambia: The Role of Asset Ownership and Working Capital Constraints

March 2000 - Policies to foster accumulation of the assets needed for agricultural production (including draft animals and implements) and to provide complementary public goods (education, credit, and good agricultural extension services) could greatly help reduce poverty and improve productivity in...

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Bibliographische Detailangaben
1. Verfasser: Deininger, Klaus W. 1962- (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C The World Bank 2000
Schlagworte:
Cred Demand
Economic Theory and Research
Exports
Finance and Financial Sector Development
Financial Literacy
Fiscal Policies
GDP
Goods
Inputs
Labor Policies
Macro-Economic Policies
Macroeconomics and Economic Growth
Markets
Markets and Market Access
Overvalued Exchange Rates
Ownership
Prices
Production
Production Function
Productive Assets
Productivity
Risk Aversion
Social Protections and Labor
Subsidies
Total Factor Productivity
Welfare
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Zusammenfassung:March 2000 - Policies to foster accumulation of the assets needed for agricultural production (including draft animals and implements) and to provide complementary public goods (education, credit, and good agricultural extension services) could greatly help reduce poverty and improve productivity in Zambia. Deininger and Olinto use a large panel data set from Zambia to examine factors that could explain the relatively lackluster performance of the country's agricultural sector after liberalization. Zambia's liberalization significantly opened the economy but failed to alter the structure of production or help realize efficiency gains. They reach two main conclusions. First, not owning productive assets (in Zambia, draft animals and implements) limits improvements in agricultural productivity and household welfare. Owning oxen increases income directly, allows farmers to till their fields efficiently when rain is delayed, increases the area cultivated, and improves access to credit and fertilizer markets. Second, the authors reject the hypothesis that the application of fertilizer is unprofitable because of high input prices. Rather, fertilizer use appears to have declined because of constraints on supplies, which government intervention exacerbated instead of alleviating. (Extending the use of fertilizer to the many producers not currently using it would be profitable, but increasing the amount applied by the few producers who now have access to it would not be.) Policies to foster accumulation of the assets needed for agricultural production (including draft animals and implements) and to provide complementary public goods (education, credit, and good agricultural extension services) could greatly help reduce poverty and improve productivity.
[Fortsetzung 1. Abstract] This paper - a product of Rural Development, Development Research Group - is part of a larger effort in the group to analyze determinants of rural growth and market participation. The authors may be contacted at kdeininger@worldbank.org or polinto@worldbank.org
Beschreibung:Weitere Ausgabe: Deininger, Klaus: Why Liberalization Alone Has Not Improved Agricultural Productivity in Zambia
Beschreibung:1 Online-Ressource (1 online resource (28 p.))
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