Insurance Against Covariate Shocks
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| Author | : Harold Alderman |
| Publisher | : World Bank Publications |
| Total Pages | : 48 |
| Release | : 2007 |
| Genre | : Social Science |
| ISBN | : 0821370375 |
Uninsured risk had far-reaching consequences for rural growth as well as poverty reduction. A range of informal mechanisms to insure rural households against the impact of shocks, but they are a modest component of a risk layering strategy for well-off households and even less protective for low-income households. Formal insurance mechanisms have inherent market imperfections. State interventions to address these limitations have proven costly and generally are targeted poorly. Recent developments in microfinance as well as in insurance marketing have opened new possibilities for household risk reduction. Index insurance, such as weather indexing, addresses other inherent problems in insurance by using an indicator that is not affected by individual behaviour and may address monitoring costs and moral hazard. A number of innovations using index insurance are being tried currently in diverse settings ranging from India to Mongolia to Malawi. Marketing costs may limit the provision of such insurance to small farmers, but even in such cases microfinance institutes may serve as market intermediaries. Moreover, state and submational governments can use insurance to achieve countercyclical funding programs. In this vein, municipal governments in Mexico have used insurance to finance disaster contingency while the World Food Program has insured a portion of its emergency assistance to Ethiopia. Humanitarian organizations and NGOs may also seek insurance in this manner.
| Author | : Luc J. Christiaensen |
| Publisher | : Food & Agriculture Org. |
| Total Pages | : 236 |
| Release | : 2007 |
| Genre | : Business & Economics |
| ISBN | : 9789251058114 |
This report has two objectives. It assesses the nature and the extent of vulnerability among rural households in Tanzania with a particular focus on smallholder cash crop growers though exploring all risks, including the decline in commodity prices. It further explores the potential role for market based insurance schemes such as commodity price and weather based insurance to mitigate household vulnerability. The empirical analysis is based on two rounds of specifically designed representative surveys of farm households in Kilimanjaro and Ruvuma, two cash crop growing regions in the United Republic of Tanzania in 2003 and 2004. The contrasting experiences of a richer (Kilimanjaro) and a poorer (Ruvuma) region substantially enriches the policy guidance emerging from the report. The report applies descriptive, econometric and contingent valuation techniques to achieve its objectives.
| Author | : J. Edward Taylor |
| Publisher | : Univ of California Press |
| Total Pages | : 440 |
| Release | : 2015-03-19 |
| Genre | : Business & Economics |
| ISBN | : 0520283163 |
Written to provide students with the critical tools used in todayÕs development economics research and practice, Essentials of Development Economics represents an alternative approach to traditional textbooks on the subject. Compact and less expensive than other textbooks for undergraduate development economics courses, Essentials of Development Economics offers a broad overview of key topics and methods in the field. Its fourteen easy-to-read chapters introduce cutting-edge research and present best practices and state-of-the-art methods. Each chapter concludes with an embedded QR code that connects readers to ancillary audiovisual materials and supplemental readings on a website curated by the authors. By mastering the material in this book, students will have the conceptual grounding needed to move on to higher-level development economics courses.
| Author | : Travis J. Lybbert |
| Publisher | : University of California Press |
| Total Pages | : 371 |
| Release | : 2020-08-18 |
| Genre | : Business & Economics |
| ISBN | : 0520343581 |
Written to provide students with the critical tools and approaches used by development economists, Essentials of Development Economics represents an alternative approach to traditional textbooks on the subject. Compact and less expensive than other textbooks for undergraduate development economics courses, Essentials of Development Economics offers a broad overview of key topics and methods in the field. Its fourteen easy-to-read chapters introduce cutting-edge research and present best practices and state-of-the-art methods. By mastering the material in this time-tested book, students will have the conceptual grounding needed to move on to more advanced development economics courses. This new edition includes: updated references to international development policy process and goals substantial updates to several chapters with new and revised material to make the text both current and policy relevant replacement of several special features with new ones featuring widely cited studies
| Author | : Thomas Bowen |
| Publisher | : World Bank Publications |
| Total Pages | : 155 |
| Release | : 2020-06-12 |
| Genre | : Political Science |
| ISBN | : 1464815755 |
Adaptive social protection (ASP) helps to build the resilience of poor and vulnerable households to the impacts of large, covariate shocks, such as natural disasters, economic crises, pandemics, conflict, and forced displacement. Through the provision of transfers and services directly to these households, ASP supports their capacity to prepare for, cope with, and adapt to the shocks they face—before, during, and after these shocks occur. Over the long term, by supporting these three capacities, ASP can provide a pathway to a more resilient state for households that may otherwise lack the resources to move out of chronically vulnerable situations. Adaptive Social Protection: Building Resilience to Shocks outlines an organizing framework for the design and implementation of ASP, providing insights into the ways in which social protection systems can be made more capable of building household resilience. By way of its four building blocks—programs, information, finance, and institutional arrangements and partnerships—the framework highlights both the elements of existing social protection systems that are the cornerstones for building household resilience, as well as the additional investments that are central to enhancing their ability to generate these outcomes. In this report, the ASP framework and its building blocks have been elaborated primarily in relation to natural disasters and associated climate change. Nevertheless, many of the priorities identified within each building block are also pertinent to the design and implementation of ASP across other types of shocks, providing a foundation for a structured approach to the advancement of this rapidly evolving and complex agenda.
| Author | : Hill, Ruth Vargas |
| Publisher | : Intl Food Policy Res Inst |
| Total Pages | : 40 |
| Release | : 2017-04-07 |
| Genre | : Political Science |
| ISBN | : |
It is widely acknowledged that unmitigated risks provide a disincentive for otherwise optimal investments in modern farm inputs. Index insurance provides a means for managing risk without the burdens of asymmetric information and high transaction costs that plague traditional indemnity-based crop insurance programs. Yet many index insurance programs that have been piloted around the world have met with rather limited success, so the potential for insurance to foster more intensive agricultural production has yet to be realized. This study assesses both the demand for and the effectiveness of an innovative index insurance product designed to help smallholder farmers in Bangladesh manage risk to crop yields and the increased production costs associated with drought. Villages were randomized into either an insurance treatment or a comparison group, and discounts and rebates were randomly allocated across treatment villages to encourage insurance take-up and to allow for the estimation of the price elasticity of insurance demand. Among those offered insurance, we find insurance demand to be moderately price elastic, with discounts significantly more successful in stimulating demand than rebates. Farmers who are highly risk averse or sensitive to basis risk prefer a rebate to a discount, suggesting that the rebate may partially offset some of the implicit costs associated with insurance contract nonperformance. Having insurance yields both ex ante risk management effects and ex post income effects on agricultural input use. The risk management effects lead to increased expenditures on inputs during the aman rice-growing season, including expenditures for risky inputs such as fertilizers, as well as those for irrigation and pesticides. The income effects lead to increased seed expenditures during the boro rice-growing season, which may signal insured farmers’ higher rates of seed replacement, which broadens their access to technological improvements embodied in newer seeds as well as enhancing the genetic purity of cultivated seeds.
| Author | : Daniel Jonathan Clarke |
| Publisher | : Oxford University Press |
| Total Pages | : 154 |
| Release | : 2016 |
| Genre | : Business & Economics |
| ISBN | : 0198785577 |
This is an open access title available under the terms of a CC BY 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Dull Disasters? shows how countries and their partners can better prepare for natural disasters such as typhoons, earthquakes, floods, and drought. By harnessing lessons from finance, political science, economics, psychology, and the naturalsciences, it is possible for governments, civil society, private firms, and international organizations to work together to achieve better preparedness, thereby reducing the risks to people and economies and enablingquicker recoveries. In this way, responses to disasters become less emotional, less political, less headline-grabbing, and more business as usual and effective.
| Author | : Alain de Janvry |
| Publisher | : Routledge |
| Total Pages | : 573 |
| Release | : 2021-05-30 |
| Genre | : Business & Economics |
| ISBN | : 1000378535 |
This second edition of Development Economics: Theory and Practice continues to provide students and practitioners with the perspectives and tools they need to think analytically and critically about the current major economic development issues in the world. Alain de Janvry and Elisabeth Sadoulet identify seven key dimensions of development—growth, poverty, vulnerability, inequality, basic needs, sustainability, and quality of life—and use them to structure the contents of the text. The book gives a historical perspective on the evolution of thought in development. It uses theory and empirical analysis to present readers with a full picture of how development works, how its successes and failures can be assessed, and how alternatives can be introduced. The authors demonstrate how diagnostics, design of programs and policies, and impact evaluation can be used to seek new solutions to the suffering and violence caused by development failures. In the second edition, more attention has been given to ongoing developments, such as: pursuit of the Sustainable Development Goals continuously rising global and national inequality health as a domestic and international public good cash transfers for social protection carbon trading for sustainability This text is fully engaged with the most cutting-edge research in the field and equips readers with analytical tools for impact evaluation of development programs and policies, illustrated with numerous examples. It is underpinned throughout by a wealth of student-friendly features, including case studies, quantitative problem sets, end-of-chapter questions, and extensive references. Excel and Stata exercises are available as digital supplements for students and instructors. This unique text is ideal for those taking courses in development economics, economic growth, and development policy, and will provide an excellent foundation for those wishing to pursue careers in development.
| Author | : Jason K. Levy |
| Publisher | : Routledge |
| Total Pages | : 144 |
| Release | : 2014-10-29 |
| Genre | : Nature |
| ISBN | : 1317850092 |
This book constitutes a landmark attempt to address, comprehensively and in-depth, a policy-focused approach to the many timely and important issues associated with building a culture of disaster prevention and disaster risk reduction. This book not only provides key insights into the field of natural hazard and disaster studies but also assesses the causes, perspectives, and consequences of natural disasters, as well as providing a global survey of post-recovery policies. The contributions found herein discuss disaster risk reduction strategies and policies for managing the unexpected and cascading impacts of natural disasters. A particular focus is placed on transboundary catastrophes that cross policy domains, geographic, political, and sectoral boundaries. Since the disaster management and natural resources policy research field draws on a diverse range of paradigms and influences, the book includes case histories, empirical studies, conceptual-theoretical investigations, policy perspectives, institutional analysis, and risk analyses. The role of human culture, disaster psychology and environmental monitoring are examined in depth. Deficiencies and inequalities in local, national, and global disaster response are also discussed. Original strategies for reducing disaster risk are put forward and the prospects for a major change in the direction of global policy on disasters. This book was published as a special issue of the Journal of Natural Resources Policy Research.
| Author | : OECD |
| Publisher | : OECD Publishing |
| Total Pages | : 138 |
| Release | : 2008-05-13 |
| Genre | : |
| ISBN | : 9264046216 |
This report provides a critical assessment of adaptation costs and benefits in key climate sensitive sectors, as well as at national and global levels.
