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Are returns to investment lower for the poor? : human and physical capital interactions in rural Vietnam
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-po...
|a Are returns to investment lower for the poor? :
|b human and physical capital interactions in rural Vietnam
|c / Dominique Van de Valle
260
|b World Bank
|a Washington, D.C.
|c 2000
300
|a 28 p. :
|b il.
490
|a Policy research working paper
|v no. 2425
504
|a Incluye bibliografía
520
|a 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.
650
|a INGRESOS POR INVERSIONES
650
|a ECONOMIA RURAL
650
|a CONDICIONES ECONOMICAS
650
|a EDUCACION
651
|a VIETNAM
653
|a SITUACION ECONOMICA
653
|a COYUNTURA ECONOMICA
710
|a Banco Mundial
942
|c DOCU
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