There is exhaustive literature on technology adoption rates and the relationship between technology adoption and relevant socioeconomic and policy variables. Yet adoption estimates derived from the application of standard techniques such as the probit and tobit yield biased estimates. This paper...

Moral hazard is widely reported as a problem in credit and insurance markets, mainly arising from information asymmetry. Although theorists have attempted to explain the success of Joint Liability Lending (JLL) schemes in mitigating moral hazard, empirical studies are rare. This paper...

Two sets of issues loom large on the economic horizon of Malawi: poverty alleviation and the country’s vulnerability to shocks emanating from the outside world. In this paper, simulations with a Computable General Equilibrium (CGE) model of Malawi are used to analyze aspects of these issues....

Frequent droughts in sub-Saharan Africa imply water stress for rainfed agriculture and, ultimately, food insecurity, underlining the region's vulnerability to climate change. Yet, in the maize-growing areas, farmers have been given new drought-coping options following the release and...