| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18463 |
| 来源ID | Working Paper 18463 |
| Agricultural Decisions after Relaxing Credit and Risk Constraints | |
| Dean Karlan; Robert Darko Osei; Isaac Osei-Akoto; Christopher Udry | |
| 发表日期 | 2012-10-18 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | The investment decisions of small‐scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We conducted several experiments in northern Ghana in which farmers were randomly assigned to receive cash grants, grants of or opportunities to purchase rainfall index insurance, or a combination of the two. Demand for index insurance is strong, and insurance leads to significantly larger agricultural investment and riskier production choices in agriculture. The binding constraint to farmer investment is uninsured risk: when provided with insurance against the primary catastrophic risk they face, farmers are able to find resources to increase expenditure on their farms. Demand for insurance in subsequent years is strongly increasing with farmer's own receipt of insurance payouts, with the receipt of payouts by others in the farmer's social network, as well as with recent poor rain in their village. Both investment patterns and the demand for index insurance are consistent with the presence of important basis risk associated with the index insurance, with imperfect trust that promised payouts will be delivered, as well as with overweighting recent events. |
| 主题 | Econometrics ; Experimental Design ; Microeconomics ; Households and Firms ; Behavioral Economics ; Financial Economics ; Financial Institutions ; Development and Growth ; Development ; Environmental and Resource Economics ; Agriculture |
| URL | https://www.nber.org/papers/w18463 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576138 |
| 推荐引用方式 GB/T 7714 | Dean Karlan,Robert Darko Osei,Isaac Osei-Akoto,et al. Agricultural Decisions after Relaxing Credit and Risk Constraints. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18463.pdf（751KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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