Are returns to investment lower for the poor? : human and physical capital interactions in rural Vietnam / Dominique Van de Valle
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- 330.9597
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Biblioteca Manuel Belgrano | F 330.9597 V 20507 F (Navegar estantería(Abre debajo)) | Enlace al recurso | Disponible | 20507 F |
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F 330.952 N 15861 F La evolución económica del Japón y su impacto en América Latina | F 330.95493 D 19526 Equity, growth and insurrection : liberalisation and the welfare debate in contemporary Sri Lanka / | F 330.9561 K 16305 F Turkey : trade reforms in the 1980s | F 330.9597 V 20507 F Are returns to investment lower for the poor? : | F 330.968 L 16032 F Economic policies for a new South Africa | F 330.972 M 14847 F México hoy | F 330.98 B 20554 Dismantling the populist state : the unfinished revolution in Latin America and the Caribbean / |
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If the marginal gains from investment in physical capital depend positively on knowledge, but a household cannot hire skilled labor to compensate for low skills, then even if it has access to credit, the household will achieve lower returns than an educated household. If, as is common, the income-poor are less educated because of failures in the credit market, and because they live in areas where there is less access to schooling, then the poor will also have lower returns on investments. The author tests this argument for the case of irrigation infrastructure in Vietnam. She asks how a household ' s education level, and demographic characteristics influence the gains to household income from irrigating previously unirrigated land. The next marginal benefit of irrigation increases strongly with the education of a household. The results suggest that unless disparities in education are addressed, market-oriented reforms will generate inequitable agricultural growth in Vietnam.
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