Should farmers farm more? Comparing marginal products within Malawian households

نویسندگان

چکیده

According to standard economic theory, households should equate the marginal revenue product of an input across activities within household. However, this prediction may not hold in presence risk. Using data on farm plots and non-farm enterprises Malawi, we examine impact risk allocation decisions agricultural as they allocate labor production. We control for many household production characteristics, including fixed effects, find (MRPL) be consistently higher than MRPL. These results are consistent with being riskier most Malawi. findings suggest that improved access insurance farming wage employment opportunities could increase total income.

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ژورنال

عنوان ژورنال: Agricultural Economics

سال: 2021

ISSN: ['0169-5150', '1574-0862']

DOI: https://doi.org/10.1111/agec.12680