摘要：This study empirically examines the determinants of investment activities of 700 sample respondent farm households in East Hararghe Zone of Oromia regional state in Ethiopia applying tobit model. A multistage sampling technique and probability proportional to size (PPS) random sampling technique was used to select the respondent households. The result of the analyses shows that 71.9% of the entire sample households had investment in different forms and intensity with the average amount of 6311.91 Birr in the study year. The patterns of their investments were on livestock production, land development, productive farm assets, family education, khat plantation, and small industry and business developments. The results of the econometric analysis reveal that sex of household head, household size, dependency ratio, livestock ownership, farm income, access to road, training participation, investment incentives, contact with development agents, corruption, objective of investment, and inflation perception of household head were found to significantly influence the willingness probability and intensity of capital use for investment among the sample households. The findings of the study calls for formal institutions to support and utilize farm households’ investment achievements as an engine for overall development of the country in general and rural areas of the country in particular.
关键词：Investment; Farm Households; Patterns of Investment; East Hararghe Zone; Oromia; Ethiopia
