Improving the Impact of Market Reform on Agricultural Productivity in Africa: How Institutional Design Makes a Difference

generalized conclusions about the impact of reform on productivity growth are unwarranted.
Section 3 identifies some of the factors accounting for the variations in performance across the
reformed agricultural systems in Africa. Inadequate attention to key institutional design questions
arising from the transition to a market economy has maintained a situation of high transaction
costs and uncertainties in the coordination of input generation and distribution, farm credit, and
the various stages of commodity marketing in Africa. Section 4 explores potential options for
promoting agricultural productivity growth through increased attention to the institutional details
of economic policy in a market economy.

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