Dillon, Brian
[VerfasserIn]
;
Barrett, Christopher B.
[Sonstige Person, Familie und Körperschaft];
Dillon, Brian
[Sonstige Person, Familie und Körperschaft]
Agricultural Factor Markets in Sub-Saharan Africa
: An Updated View with Formal Tests for Market Failure
Erschienen in:World Bank Policy Research Working Paper ; No. 7117
Umfang:
1 Online-Ressource (39 p)
Sprache:
Englisch
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 1, 2014 erstellt
Beschreibung:
This paper uses the recently collected Living Standard Measurement Study-Integrated Surveys on Agriculture Initiative data sets from five countries in Sub-Saharan Africa to provide a comprehensive overview of land and labor market participation by agrarian households and to formally test for failures in factor markets. Under complete and competitive markets, households can solve their consumption and production problems separately, so that household factor endowments do not predict input demand. This paper implements a simple, theoretically grounded test of this separation hypothesis, which can be interpreted as a reduced form test of factor market failure. In all five study countries, the analysis finds strong evidence of factor market failure. Moreover, those failures appear general and structural, not specific to subpopulations defined by gender or geography