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  • MPI Ethno. Forsch.  (13)
  • Mendelsohn, Robert  (9)
  • Gine, Xavier  (4)
  • Washington, D.C : The World Bank  (13)
  • Rural Development  (13)
  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (25 pages)
    Parallel Title: Erscheint auch als Buri, Sinja Alternative Delivery Channels and Impacts: Agent Banking
    Keywords: Access To Banking ; Access To Finance ; Finance and Financial Sector Development ; Financial Inclusion ; Financial Literacy ; Microfinance ; Microfinance Channel Development ; Microfinance Product Development ; Rural Development ; Transformation of Microfinance Institutions
    Abstract: This paper reviews evidence on agent networks of microfinance institutions and other financial services providers, which have expanded rapidly in recent years in some low- and middle-income contexts. There is emerging evidence that clients become more financially active as a result of the convenience and security of transacting with agents, especially with respect to depositing, withdrawing, and transferring funds. Agent networks could also help increase the savings of low-income clients, although evidence suggests that commitment devices may also be required, and there is little evidence that agents expand credit to clients, although they can facilitate loan repayment. Building on their physical and social proximity to customers, agents can become a potential gateway for expanding and deepening financial inclusion, but the pricing of agent transactions and consumer protection remain important considerations
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  • 2
    Language: English
    Pages: Online-Ressource (1 online resource (46 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Seo, S. Niggol Differential Adaptation Strategies By Agro-Ecological Zones In African Livestock Management
    Keywords: Agriculture ; Animal ; Animal species ; Communities & Human Settlements ; Dairy ; Dairy cattle ; Environment ; Farmer ; Livestock ; Livestock Management ; Livestock and Animal Husbandry ; Livestock operation ; Livestock ownership ; Peri-Urban Communities ; Rural Development ; Rural Urban Linkages ; Sheep ; Urban Development ; Wildlife Resources ; Agriculture ; Animal ; Animal species ; Communities & Human Settlements ; Dairy ; Dairy cattle ; Environment ; Farmer ; Livestock ; Livestock Management ; Livestock and Animal Husbandry ; Livestock operation ; Livestock ownership ; Peri-Urban Communities ; Rural Development ; Rural Urban Linkages ; Sheep ; Urban Development ; Wildlife Resources ; Agriculture ; Animal ; Animal species ; Communities & Human Settlements ; Dairy ; Dairy cattle ; Environment ; Farmer ; Livestock ; Livestock Management ; Livestock and Animal Husbandry ; Livestock operation ; Livestock ownership ; Peri-Urban Communities ; Rural Development ; Rural Urban Linkages ; Sheep ; Urban Development ; Wildlife Resources
    Abstract: This paper examines how farmers have adapted their livestock operation to the current climate in each agro-ecological zone in Africa. The authors examine how climate has affected the farmer's choice to raise livestock or not and the choice of animal species. To measure adaptation, the analysis regresses the farmer's choice on climate, soil, water flow, and socio-economic variables. The findings show that climate does in fact affect the farmer's decision about whether to raise livestock and the species. The paper also simulates how future climates may alter these decisions using forecasts from climate models and the estimated model. With a hot dry scenario, livestock ownership will increase slightly across all of Africa, but especially in West Africa and high elevation agro-ecological zones. Dairy cattle will decrease in semi-arid regions, sheep will increase in the lowlands, and chickens will increase at high elevations. With a mild and wet scenario, however, livestock adoption will fall dramatically in lowland and high latitude moist agro-ecological zones. Beef cattle will increase and sheep will fall in dry zones, dairy cattle will fall precipitously and goats will rise in moist zones, and chickens will increase at high elevations but fall at mid elevations. Livestock adaptations depend on the climate scenario and will vary across the landscape. Agro-ecological zones are a useful way to capture how these changes differ from place to place
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  • 3
    Language: English
    Pages: Online-Ressource (1 online resource (41 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Wang, Jinxia Can China Continue Feeding Itself ?
    Keywords: Agricultural Commodities ; Agriculture ; Climate ; Climate Change ; Climate Change ; Climate Changes ; Common Property Resource Development ; Crops and Crop Management Systems ; Environment ; Forestry ; Global Environment ; Global Warming ; Greenhouse Gases ; Ipcc ; Precipitation ; Rural Development ; Rural Development Knowledge and Information Systems ; Temperature ; Agricultural Commodities ; Agriculture ; Climate ; Climate Change ; Climate Change ; Climate Changes ; Common Property Resource Development ; Crops and Crop Management Systems ; Environment ; Forestry ; Global Environment ; Global Warming ; Greenhouse Gases ; Ipcc ; Precipitation ; Rural Development ; Rural Development Knowledge and Information Systems ; Temperature ; Agricultural Commodities ; Agriculture ; Climate ; Climate Change ; Climate Change ; Climate Changes ; Common Property Resource Development ; Crops and Crop Management Systems ; Environment ; Forestry ; Global Environment ; Global Warming ; Greenhouse Gases ; Ipcc ; Precipitation ; Rural Development ; Rural Development Knowledge and Information Systems ; Temperature
    Abstract: Several studies addressing the supply and demand for food in China suggest that the nation can largely meet its needs in the coming decades. However, these studies do not consider the effects of climate change. This paper examines whether near future expected changes in climate are likely to alter this picture. The authors analyze the effect of temperature and precipitation on net crop revenues using a cross section consisting of both rainfed and irrigated farms. Based on survey data from 8,405 households across 28 provinces, the results of the Ricardian analysis demonstrate that global warming is likely to be harmful to China but the impacts are likely to be very different in each region. The mid latitude region of China may benefit from warming but the southern and northern regions are likely to be damaged by warming. More precipitation is beneficial to Chinese farmers except in the wet southeast. Irrigated and rainfed farmers have similar responses to precipitation but not to temperature. Warmer temperatures may benefit irrigated farms but they are likely to harm rainfed farms. Finally, seasonal effects vary and are offsetting. Although we were able to measure the direct effect of precipitation and temperature, we could not capture the effects of change in water flow which will be very important in China. Can China continue feeding itself if climate changes? Based on the empirical results, the likely gains realized by some farmers will nearly offset the losses that will occur to other farmers in China. If future climate scenarios lead to significant reductions in water, there may be large damages not addressed in this study
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  • 4
    Language: English
    Pages: Online-Ressource (1 online resource (41 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ashraf, Nava Finding Missing Markets (And A Disturbing Epilogue)
    Keywords: Agricultural Inputs ; Agricultural Technology ; Agriculture ; Banks and Banking Reform ; Cash Crops ; Crop ; Crops ; Crops and Crop Management Systems ; Economic Theory and Research ; Export Crops ; Farmer ; Farmers ; Farms ; Food Safety ; Macroeconomics and Economic Growth ; Poverty Reduction ; Rural Development ; Rural Development Knowledge and Information Systems ; Rural Poverty Reduction ; Agricultural Inputs ; Agricultural Technology ; Agriculture ; Banks and Banking Reform ; Cash Crops ; Crop ; Crops ; Crops and Crop Management Systems ; Economic Theory and Research ; Export Crops ; Farmer ; Farmers ; Farms ; Food Safety ; Macroeconomics and Economic Growth ; Poverty Reduction ; Rural Development ; Rural Development Knowledge and Information Systems ; Rural Poverty Reduction ; Agricultural Inputs ; Agricultural Technology ; Agriculture ; Banks and Banking Reform ; Cash Crops ; Crop ; Crops ; Crops and Crop Management Systems ; Economic Theory and Research ; Export Crops ; Farmer ; Farmers ; Farms ; Food Safety ; Macroeconomics and Economic Growth ; Poverty Reduction ; Rural Development ; Rural Development Knowledge and Information Systems ; Rural Poverty Reduction
    Abstract: In much of the developing world, many farmers grow crops for local or personal consumption despite export options that appear to be more profitable. Thus many conjecture that one or several markets are missing. This paper reports on a randomized controlled trial conducted by DrumNet in Kenya that attempts to help farmers adopt and market export crops. DrumNet provides smallholder farmers with information about how to switch to export crops, makes in-kind loans for the purchase of the agricultural inputs, and provides marketing services by facilitating the transaction with exporters. The experimental evaluation design randomly assigns pre-existing farmer self-help groups to one of three groups: (1) a treatment group that receives all DrumNet services, (2) a treatment group that receives all DrumNet services except credit, or (3) a control group. After one year, DrumNet services led to an increase in production of export oriented crops and lower marketing costs; this translated into household income gains for new adopters. However, one year after the study ended, the exporter refused to continue buying the cash crops from the farmers because the conditions of the farms did not satisfy European export requirements. DrumNet collapsed in this region as farmers were forced to sell to middlemen and defaulted on their loans. The risk of such events may explain, at least partly, why many seemingly more profitable export crops are not adopted
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  • 5
    Language: English
    Pages: Online-Ressource (1 online resource (30 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Seo, S. Niggol A Ricardian Analysis of The Distribution of Climate Change Impacts On Agriculture Across Agro-Ecological Zones In Africa
    Keywords: Climate ; Climate Change ; Climate Change ; Common Property Resource Development ; Environment ; Forestry ; Global Environment ; Global warming ; Greenhouse gas ; Greenhouse gas emissions ; Greenhouse gases ; IPCC ; Intergovernmental Panel on Climate Change ; Rural Development ; Soil ; Climate ; Climate Change ; Climate Change ; Common Property Resource Development ; Environment ; Forestry ; Global Environment ; Global warming ; Greenhouse gas ; Greenhouse gas emissions ; Greenhouse gases ; IPCC ; Intergovernmental Panel on Climate Change ; Rural Development ; Soil ; Climate ; Climate Change ; Climate Change ; Common Property Resource Development ; Environment ; Forestry ; Global Environment ; Global warming ; Greenhouse gas ; Greenhouse gas emissions ; Greenhouse gases ; IPCC ; Intergovernmental Panel on Climate Change ; Rural Development ; Soil
    Abstract: This paper examines the distribution of climate change impacts across the 16 agro-ecological zones in Africa using data from the Food and Agriculture Organization combined with economic survey data from a Global Environment Facility/World Bank project. Net revenue per hectare of cropland is regressed on a set of climate, soil, and socio-economic variables using different econometric specifications "with" and "without" country fixed effects. Country fixed effects slightly reduce predicted future climate related damage to agriculture. With a mild climate scenario, African farmers gain income from climate change; with a more severe scenario, they lose income. Some locations are more affected than others. The analysis of agro-ecological zones implies that the effects of climate change will vary across Africa. For example, currently productive areas such as dry/moist savannah are more vulnerable to climate change while currently less productive agricultural zones such as humid forest or sub-humid zones become more productive in the future. The agro-ecological zone classification can help explain the variation of impacts across the landscape
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  • 6
    Language: English
    Pages: Online-Ressource (1 online resource (28 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Wang, Jinxia How China's Farmers Adapt To Climate Change
    Keywords: Agriculture ; Climate Change ; Common Property Resource Development ; Cotton ; Crop ; Crops and Crop Management Systems ; Environment ; Farmers ; Maize ; Oil crops ; Potatoes ; Poverty Reduction ; Rice ; Rural Development ; Rural Poverty Reduction ; Sugar ; Vegetables ; Wheat ; Agriculture ; Climate Change ; Common Property Resource Development ; Cotton ; Crop ; Crops and Crop Management Systems ; Environment ; Farmers ; Maize ; Oil crops ; Potatoes ; Poverty Reduction ; Rice ; Rural Development ; Rural Poverty Reduction ; Sugar ; Vegetables ; Wheat ; Agriculture ; Climate Change ; Common Property Resource Development ; Cotton ; Crop ; Crops and Crop Management Systems ; Environment ; Farmers ; Maize ; Oil crops ; Potatoes ; Poverty Reduction ; Rice ; Rural Development ; Rural Poverty Reduction ; Sugar ; Vegetables ; Wheat
    Abstract: This paper uses a cross sectional method to analyze irrigation choice and crop choice across 8,405 farmers in 28 provinces in China. The findings show that Chinese farmers are more likely to irrigate when facing lower temperatures and less precipitation. Farmers in warmer places are more likely to choose oil crops, maize, and especially cotton and wheat, and are less likely to choose vegetables, potatoes, sugar, and especially rice and soybeans. In wetter locations, farmers are more likely to choose soybeans, oil crops, sugar, vegetables, cotton, and especially rice, and they are less likely to choose potatoes, wheat, and especially maize. The analysis of how Chinese farmers have adapted to current climate, provides insight into how they will likely adapt when climate changes. Future climate scenarios will cause farmers in China to want to reduce irrigation and shift toward oil crops, wheat, and especially cotton. In turn, farmers will shift away from potatoes, rice, vegetables, and soybeans. However, adaptation will likely vary greatly from region to region. Policy makers should anticipate that adaptation is important, that the magnitude of changes depends on the climate scenario, and that the desired changes depend on the location of each farm
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  • 7
    Language: English
    Pages: Online-Ressource (1 online resource (24 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Seo, Niggol An Analysis of Crop Choice
    Keywords: Agriculture ; Agriculture and Farming Systems ; Choice of Crops ; Climate Change ; Crop ; Crops ; Crops and Crop Management Systems ; Environment ; Fao ; Farm ; Farmer ; Farmers ; Farms ; Fruits ; Maize ; Planning ; Potatoes ; Poverty Reduction ; Reports ; Rice ; Rural Development ; Rural Poverty Reduction ; Single Crop ; Soil Types ; Agriculture ; Agriculture and Farming Systems ; Choice of Crops ; Climate Change ; Crop ; Crops ; Crops and Crop Management Systems ; Environment ; Fao ; Farm ; Farmer ; Farmers ; Farms ; Fruits ; Maize ; Planning ; Potatoes ; Poverty Reduction ; Reports ; Rice ; Rural Development ; Rural Poverty Reduction ; Single Crop ; Soil Types ; Agriculture ; Agriculture and Farming Systems ; Choice of Crops ; Climate Change ; Crop ; Crops ; Crops and Crop Management Systems ; Environment ; Fao ; Farm ; Farmer ; Farmers ; Farms ; Fruits ; Maize ; Planning ; Potatoes ; Poverty Reduction ; Reports ; Rice ; Rural Development ; Rural Poverty Reduction ; Single Crop ; Soil Types
    Abstract: The authors explore how Latin American farmers adapt to climate by changing crops. They develop a multinomial choice model of farmer's choice of crops. Estimating the model across over 2,000 farmers in seven countries, they find that both temperature and precipitation affects the crops that Latin American farmers choose. Farmers choose fruits and vegetables in warmer locations and wheat and potatoes in cooler locations. Farms in wetter locations are more likely to grow rice, fruits, and squash, and in dryer locations maize and potatoes. Global warming will cause Latin American farmers to switch away from wheat and potatoes toward fruits and vegetables. Predictions of the impact of climate change must reflect not only changes in yields or net revenues per crop but also crop switching
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  • 8
    Language: English
    Pages: Online-Ressource (1 online resource (18 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Seo, Niggol An Analysis of Livestock Choice
    Keywords: Agriculture ; Animal ; Animals ; Beef ; Beef Cattle ; Chickens ; Climate Change ; Communities & Human Settlements ; Dairy ; Dairy Cattle ; Environment ; Farm ; Farmer ; Feed ; Goats ; Livesto ; Livestock ; Livestock Farmers ; Livestock Income ; Livestock and Animal Husbandry ; Peri-Urban Communities ; Rural Development ; Rural Urban Linkages ; Urban Development ; Wildlife Resources ; Agriculture ; Animal ; Animals ; Beef ; Beef Cattle ; Chickens ; Climate Change ; Communities & Human Settlements ; Dairy ; Dairy Cattle ; Environment ; Farm ; Farmer ; Feed ; Goats ; Livesto ; Livestock ; Livestock Farmers ; Livestock Income ; Livestock and Animal Husbandry ; Peri-Urban Communities ; Rural Development ; Rural Urban Linkages ; Urban Development ; Wildlife Resources ; Agriculture ; Animal ; Animals ; Beef ; Beef Cattle ; Chickens ; Climate Change ; Communities & Human Settlements ; Dairy ; Dairy Cattle ; Environment ; Farm ; Farmer ; Feed ; Goats ; Livesto ; Livestock ; Livestock Farmers ; Livestock Income ; Livestock and Animal Husbandry ; Peri-Urban Communities ; Rural Development ; Rural Urban Linkages ; Urban Development ; Wildlife Resources
    Abstract: The authors explore how Latin American livestock farmers adapt to climate by switching species. They develop a multinomial choice model of farmer's choice of livestock species. Estimating the models across over 1,200 livestock farmers in seven countries, they find that both temperature and precipitation affect the species Latin American farmers choose. The authors then use this model to predict how future climate scenarios would affect species choice. Global warming will cause farmers to switch to beef cattle at the expense of dairy cattle
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  • 9
    Language: English
    Pages: Online-Ressource (1 online resource (22 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Fleischer, Aliza Climate Change, Irrigation, And Israeli Agriculture
    Keywords: Climate ; Climate Change ; Climate Change ; Climate Changes ; Climate Models ; Climate Sensitivity ; Common Property Resource Development ; Economic Impacts ; Environment ; Forestry ; Global Climate Change ; Impacts ; Industry ; Irrigation ; Land ; Less ; Rural Development ; Town Water Supply and Sanit ; Water Conservation ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water and Industry ; Climate ; Climate Change ; Climate Change ; Climate Changes ; Climate Models ; Climate Sensitivity ; Common Property Resource Development ; Economic Impacts ; Environment ; Forestry ; Global Climate Change ; Impacts ; Industry ; Irrigation ; Land ; Less ; Rural Development ; Town Water Supply and Sanit ; Water Conservation ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water and Industry ; Climate ; Climate Change ; Climate Change ; Climate Changes ; Climate Models ; Climate Sensitivity ; Common Property Resource Development ; Economic Impacts ; Environment ; Forestry ; Global Climate Change ; Impacts ; Industry ; Irrigation ; Land ; Less ; Rural Development ; Town Water Supply and Sanit ; Water Conservation ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water and Industry
    Abstract: The authors use a Ricardian model to test the relationship between annual net revenues and climate across Israeli farms. They find that it is important to include the amount of irrigation water available to each farm in order to measure the response of farms to climate. With irrigation water omitted, the model predicts that climate change is strictly beneficial. But with water included, the model predicts that only modest climate changes are beneficial, while drastic climate change in the long run will be harmful. Using the Atmospheric Oceanic Global Circulation Models scenarios, the authors show that farm net revenue is expected to increase by 16 percent in 2020, while in 2100 farm net revenue is expected to drop by 60-390 percent varying between the different scenarios. Although Israel has a relatively warm climate, a mild increase in temperature is beneficial due to the ability to supply international markets with farm products early in the season. The findings lead to the conclusion that securing water rights to the farmers and international trade agreements can be important policy measures to help farmers adapt to climate change
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  • 10
    Language: English
    Pages: Online-Ressource (1 online resource (39 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Mendelsohn, Robert Climate change adaptation in Africa
    Keywords: Agriculture ; Animal ; Animals ; Beef ; Beef cattle ; Chickens ; Communities & Human Settlements ; Environment ; Farm ; Farmer ; Livestock ; Livestock Farmers ; Livestock Management ; Livestock and Animal Husbandry ; Peri-Urban Communities ; Rural Development ; Rural Urban Linkages ; Urban Development ; Wildlife Resources ; Agriculture ; Animal ; Animals ; Beef ; Beef cattle ; Chickens ; Communities & Human Settlements ; Environment ; Farm ; Farmer ; Livestock ; Livestock Farmers ; Livestock Management ; Livestock and Animal Husbandry ; Peri-Urban Communities ; Rural Development ; Rural Urban Linkages ; Urban Development ; Wildlife Resources ; Agriculture ; Animal ; Animals ; Beef ; Beef cattle ; Chickens ; Communities & Human Settlements ; Environment ; Farm ; Farmer ; Livestock ; Livestock Farmers ; Livestock Management ; Livestock and Animal Husbandry ; Peri-Urban Communities ; Rural Development ; Rural Urban Linkages ; Urban Development ; Wildlife Resources
    Abstract: This paper uses quantitative methods to examine the way African farmers have adapted livestock management to the range of climates found across the African continent. The authors use logit analysis to estimate whether farmers adopt livestock. They then use three econometric models to examine which species farmers choose: a primary choice multinomial logit, an optimal portfolio multinomial logit, and a demand system multivariate probit. Comparing the results of the three methods of estimating species selection reveals that the three approaches yield similar results. Using data from over 9,000 African livestock farmers in 10 countries, the analysis finds that farmers are more likely to choose to have livestock as temperatures increase and as precipitation decreases. Across all methods of estimating choice, livestock farmers in warmer locations are less likely to choose beef cattle and chickens and more likely to choose goats and sheep. As precipitation increases, cattle and sheep decrease but goats and chickens increase. The authors simulate the way farmers' choices might change with a set of uniform climate changes and a set of climate model scenarios. The uniform scenarios predict that warming and drying would increase livestock ownership but that increases in precipitation would decrease it. The climate scenarios predict a decrease in the probability of beef cattle and an increase in the probability of sheep and goats, and they predict that more heat-tolerant animals will dominate the future African landscape
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  • 11
    Language: English
    Pages: Online-Ressource (1 online resource (41 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Mendelsohn, Robert Changing Farm Types And Irrigation As An Adaptation To Climate Change In Latin American Agriculture
    Keywords: Agriculture ; Agriculture and Farming Systems ; Climate ; Climate Change ; Climate Change ; Climate Changes ; Climate Impacts ; Common Property Resource Development ; Crops and Crop Management Systems ; Environment ; Forestry ; Irrigation ; Land ; Land Use ; Land Value ; Less ; Livestock and Animal Husbandry ; Models ; Precipitation ; Rainfall ; Rural Development ; Rural Development Knowledge and Information Systems ; Soil ; Agriculture ; Agriculture and Farming Systems ; Climate ; Climate Change ; Climate Change ; Climate Changes ; Climate Impacts ; Common Property Resource Development ; Crops and Crop Management Systems ; Environment ; Forestry ; Irrigation ; Land ; Land Use ; Land Value ; Less ; Livestock and Animal Husbandry ; Models ; Precipitation ; Rainfall ; Rural Development ; Rural Development Knowledge and Information Systems ; Soil ; Agriculture ; Agriculture and Farming Systems ; Climate ; Climate Change ; Climate Change ; Climate Changes ; Climate Impacts ; Common Property Resource Development ; Crops and Crop Management Systems ; Environment ; Forestry ; Irrigation ; Land ; Land Use ; Land Value ; Less ; Livestock and Animal Husbandry ; Models ; Precipitation ; Rainfall ; Rural Development ; Rural Development Knowledge and Information Systems ; Soil
    Abstract: This paper estimates a model of a farm that treats the choice of crops, livestock, and irrigation as endogenous. The model is composed of a multinomial choice of farm type, a binomial choice of irrigation, and a set of conditional land value functions. The model is estimated across over 2,000 farmers in seven Latin America countries. The results quantify how farmers adapt their choice of farm type and irrigation to their local climate. The results should help governments develop effective adaptation policies in response to climate change and improve the forecasting of climate effects. The paper compares the predicted effects of climate change using both endogenous and exogenous models of farm choice
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  • 12
    Language: English
    Pages: Online-Ressource (1 online resource (44 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Gine, Xavier Patterns of Rainfall Insurance Participation In Rural India
    Keywords: Accounting ; Banks and Banking Reform ; Debt Markets ; Federal Reserve Bank Of New York ; Finance and Financial Sector Development ; Fixed Costs ; Insurance ; Insurance and Risk Mitigation ; Labor Policies ; Liquid Assets ; Local Financial Institutions ; Microfinance ; Moral Hazard ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Savings ; Social Protections and Labor ; Technical Assistance ; Accounting ; Banks and Banking Reform ; Debt Markets ; Federal Reserve Bank Of New York ; Finance and Financial Sector Development ; Fixed Costs ; Insurance ; Insurance and Risk Mitigation ; Labor Policies ; Liquid Assets ; Local Financial Institutions ; Microfinance ; Moral Hazard ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Savings ; Social Protections and Labor ; Technical Assistance ; Accounting ; Banks and Banking Reform ; Debt Markets ; Federal Reserve Bank Of New York ; Finance and Financial Sector Development ; Fixed Costs ; Insurance ; Insurance and Risk Mitigation ; Labor Policies ; Liquid Assets ; Local Financial Institutions ; Microfinance ; Moral Hazard ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Savings ; Social Protections and Labor ; Technical Assistance
    Abstract: This paper describes the contract design and institutional features of an innovative rainfall insurance policy offered to smallholder farmers in rural India, and presents preliminary evidence on the determinants of insurance participation. Insurance takeup is found to be decreasing in basis risk between insurance payouts and income fluctuations, increasing in household wealth and decreasing in the extent to which credit constraints bind. These results match with predictions of a simple neoclassical model appended with borrowing constraints. Other patterns are less consistent with the "benchmark" model; namely, participation in village networks and measures of familiarity with the insurance vendor are strongly correlated with insurance takeup decisions, and risk-averse households are found to be less, not more, likely to purchase insurance. We suggest that these results reflect household uncertainty about the product itself, given their limited experience with it
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  • 13
    Language: English
    Pages: Online-Ressource (1 online resource (33 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Gine, Xavier Insurance, Credit, And Technology Adoption
    Keywords: Access To Information ; Agriculture ; Bankruptcy and Resolution of Financial Distress ; Credit Constraints ; Crops and Crop Management Systems ; Debt Markets ; Developing Countries ; Finance and Financial Sector Development ; Financial Markets ; Financial Support ; Hazard Risk Management ; Insurance ; Insurance Policy ; International Bank ; Loan ; Microfinance ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Urban Development ; Access To Information ; Agriculture ; Bankruptcy and Resolution of Financial Distress ; Credit Constraints ; Crops and Crop Management Systems ; Debt Markets ; Developing Countries ; Finance and Financial Sector Development ; Financial Markets ; Financial Support ; Hazard Risk Management ; Insurance ; Insurance Policy ; International Bank ; Loan ; Microfinance ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Urban Development ; Access To Information ; Agriculture ; Bankruptcy and Resolution of Financial Distress ; Credit Constraints ; Crops and Crop Management Systems ; Debt Markets ; Developing Countries ; Finance and Financial Sector Development ; Financial Markets ; Financial Support ; Hazard Risk Management ; Insurance ; Insurance Policy ; International Bank ; Loan ; Microfinance ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Urban Development
    Abstract: The adoption of new agricultural technologies may be discouraged because of their inherent riskiness. This study implemented a randomized field experiment to ask whether the provision of insurance against a major source of production risk induces farmers to take out loans to invest in a new crop variety. The study sample was composed of roughly 800 maize and groundnut farmers in Malawi, where by far the dominant source of production risk is the level of rainfall. We randomly selected half of the farmers to be offered credit to purchase high-yielding hybrid maize and improved groundnut seeds for planting in the November 2006 crop season. The other half of the farmers were offered a similar credit package but were also required to purchase (at actuarially fair rates) a weather insurance policy that partially or fully forgave the loan in the event of poor rainfall. Surprisingly, take up was lower by 13 percentage points among farmers offered insurance with the loan. Take-up was 33.0 percent for farmers who were offered the uninsured loan. There is suggestive evidence that the reduced take-up of the insured loan was due to the high cognitive cost of evaluating the insurance: insured loan take-up was positively correlated with farmer education levels. By contrast, the take-up of the uninsured loan was uncorrelated with farmer education
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