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Type | Working Paper |
Scope | Discipline-based scholarship |
Title | Land rental markets: experimental evidence from Kenya |
Organization Unit | |
Authors |
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Language |
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Institution | National Bureau of Economic Research |
Series Name | NBER Working Paper Series |
Number | 30495 |
Number of Pages | 90 |
Date | 2023 |
Abstract Text | Do land market frictions cause misallocation in agriculture? In a field experiment in Western Kenya, we randomly subsidize owners to rent out land. Transferring cultivation rights to renters increases output and value added on the plots, consistent with imperfect land markets and misallocation, and induced rentals persist after the subsidy ends. Additional analysis provides insights on the magnitude and nature of land frictions - which include search, risks, and learning - and on the sources of gains from trade - which include differences between owners and renters in crop choices, productivity, and financial market constraints, but not in labor constraints. |
Official URL | https://www.nber.org/papers/w30495 |
Digital Object Identifier | 10.3386/w30495 |
Other Identification Number | merlin-id:23243 |
PDF File | Download from ZORA |
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