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Journal of African Economies Advance Access originally published online on September 26, 2005
Journal of African Economies 2006 15(2):251-284; doi:10.1093/jae/eji024
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Right arrow O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Right arrow Q15 - Land Ownership and Tenure; Land Reform; Land Use; Irrigation
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© The author 2005. Published by Oxford University Press on behalf of the Centre for the Study of African Economies. All rights reserved. For permissions, please email: journals.permissions@oxfordjournals.org

Land Lease Markets and Agricultural Efficiency in Ethiopia

John Pendera,1 and Marcel Fafchampsb

a International Food Policy Research Institute b Center for the Study of African Econmies

1 Correspondence should be addressed to John Pender at IFPRI, 2033 K St., N.W., Washington, D.C. 20006-1002; J.PENDER{at}CGIAR.ORG

This paper develops a theoretical model of land leasing that includes transaction costs of enforcing labour effort, risk pooling motives and non-tradable capital inputs. We test the implications of this model compared to those of the "Marshallian" (unenforceable labour effort) and "New School" (costlessly enforceable effort) perspectives using data collected from four villages in Ethiopia. We find that land lease markets operate relatively efficiently in the villages studied, supporting the New School perspective. We find that other household and village characteristics do affect input use and output value, suggesting imperfections in other factor markets.


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