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DESCRIPTION:Trade Development and Political Economy presents: Diego Restucc
 ia - Land Markets\, Resource Allocations\, and Agricultural ProductivityDi
 ego Restuccia\, Canada Research Chair in Macroeconomics and Productivity\,
  Professor of Economics\, University of TorontoPaper co-authored with Chao
 ran Chen &amp\; Raul Santaeulalia-Lopis\n\nThe authors\nstudy factor misal
 location and its impact on aggregate agricultural\nproductivity using deta
 iled household-level micro data from Ethiopia. Land\nownership resides wit
 h the state but use-rights are granted at the local level\nin an egalitari
 an basis. There are severe restrictions to land reallocation.\nThe authors
  find substantial factor misallocation across farmers in\nagriculture. An 
 efficient reallocation of resources can increase aggregate\nagricultural o
 utput and productivity by 144%. They also find that more land\nrentals are
  associated with lower factor misallocation and higher agricultural\nprodu
 ctivity. On average\, a one percentage point higher land rental is\nassoci
 ated with an increase of 1.7 percentage points in aggregate agricultural\n
 productivity.\n\n\n\nDiego\nRestuccia\nis\nProfessor of Economics at the U
 niversity of Toronto\, Research Associate at the\nNational Bureau of Econo
 mic Research and Editor of the Review\nof Economic Dynamics. His areas of 
 research include\nmacroeconomics\, economic growth and development\, and l
 abor economics. His\nresearch has been published in leading Economics jour
 nals. Professor Restuccia\nholds a PhD in Economics from the University of
  Minnesota.Sponsored by Trade Development and Political Economy at the Moy
 nihan Institute of Global Affairs For information on accessibility\, or to
  request accommodation\, please contact Oana Zabava at&nbsp\;(315) 443-924
 8 or oazabava@syr.edu. \n\n 
DTEND:20170410T210000Z
DTSTAMP:20260515T003614Z
DTSTART:20170410T200000Z
LOCATION:
SEQUENCE:0
SUMMARY:Land Markets\, Resource Allocations\, and Agricultural Productivity
UID:RFCALITEM639143877744213260
X-ALT-DESC;FMTTYPE=text/html:<p><strong>Trade Development and Political Eco
 nomy presents: Diego Restuccia - Land Markets\, Resource Allocations\, and
  Agricultural Productivity</strong></p><p><strong>Diego Restuccia</strong>
 \, <em>Canada Research Chair in Macroeconomics and Productivity\, Professo
 r of Economics\, University of Toronto</em></p><p>Paper co-authored with <
 strong>Chaoran Chen </strong>&amp\; <strong>Raul Santaeulalia-Lopis</stron
 g></p><p>\n\n</p><p>The authors\nstudy factor misallocation and its impact
  on aggregate agricultural\nproductivity using detailed household-level mi
 cro data from Ethiopia. Land\nownership resides with the state but use-rig
 hts are granted at the local level\nin an egalitarian basis. There are sev
 ere restrictions to land reallocation.\nThe authors find substantial facto
 r misallocation across farmers in\nagriculture. An efficient reallocation 
 of resources can increase aggregate\nagricultural output and productivity 
 by 144%. They also find that more land\nrentals are associated with lower 
 factor misallocation and higher agricultural\nproductivity. On average\, a
  one percentage point higher land rental is\nassociated with an increase o
 f 1.7 percentage points in aggregate agricultural\nproductivity.</p>\n\n<p
 >\n\n</p><p><strong>Diego\nRestuccia</strong>\nis\nProfessor of Economics 
 at the University of Toronto\, Research Associate at the\nNational Bureau 
 of Economic Research and Editor of the <em>Review\nof Economic Dynamics</e
 m>. His areas of research include\nmacroeconomics\, economic growth and de
 velopment\, and labor economics. His\nresearch has been published in leadi
 ng Economics journals. Professor Restuccia\nholds a PhD in Economics from 
 the University of Minnesota.</p><p><strong><em>Sponsored by Trade Developm
 ent and Political Economy at the Moynihan Institute of Global Affairs</em>
 </strong></p><p> For information on accessibility\, or to request accommod
 ation\, please contact Oana Zabava at&nbsp\;(315) 443-9248 or oazabava@syr
 .edu. </p>\n\n 
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