Download This PaperThe Return to Capital in Ghana
15 Pages Posted: 23 Mar 2006
Date Written: March 2006
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%.
Keywords: Capital, durable goods, credit markets
JEL Classification: O12, O16, D24
Suggested Citation: Suggested Citation
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