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The Return to Capital in GhanaChristopher R. UdryYale University - Economic Growth Center Santosh AnagolYale University - Economic Growth Center March 2006 Yale University Economic Growth Center Discussion Paper No. 932 Abstract: 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%.
Number of Pages in PDF File: 15 Keywords: Capital, durable goods, credit markets JEL Classification: O12, O16, D24 working papers seriesDate posted: March 23, 2006Suggested Citation |
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