Land Lease Markets and Agricultural Efficiency in Ethiopia

bibliographic database
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Periodical article

Title:	Land Lease Markets and Agricultural Efficiency in Ethiopia
Authors:	Pender, John Fafchamps, Marcel
Year:	2006
Periodical:	Journal of African Economies
Volume:	15
Issue:	2
Pages:	251-284
Language:	English
Geographic term:	Ethiopia
Subjects:	land tenure tenancy agricultural productivity Agriculture, Natural Resources and the Environment Economics and Trade
External link:	https://jae.oxfordjournals.org/content/15/2/251.full.pdf
Abstract:	This paper develops a theoretical model of land leasing that includes transaction costs of enforcing labour effort, risk pooling motives and non-tradable capital inputs. The authors test the implications of this model compared to those of the 'Marshallian' (unenforceable labour effort) and 'New School' (costlessly enforceable effort) perspectives using data collected from four villages in Ethiopia. They find that land lease markets operate relatively efficiently in the villages studied, supporting the New School perspective. They find that other household and village characteristics do affect input use and output value, suggesting imperfections in other factor markets. Bibliogr., notes, ref., sum. [Journal abstract]