The main objective of this paper is to provide estimates of the cost of moving out of subsistence for Madagascar's farmers. The analysis is based on a simple asset-return model of occupational choice. Estimates suggest that the entry (sunk) cost associated with moving out of subsistence can be quite large - somewhere between 124 and 153 percent of a subsistence farmer's annual production. Our results make it possible to identify farm characteristics...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2006/04/01
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Рабочий документ в рамках исследования вопросов политики
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WPS3881
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1
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1
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2010/07/01
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Disclosed
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How costly is it for poor farmers to lift themselves out of poverty?
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Crop
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