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In this paper we argue the case for greater exploitation of synergies between research on specific institutions based on micro-data and the big questions posed by the institutions and growth literature. To date, the macroeconomic literature on institutions and growth has largely relied on...
Persistent link: https://www.econbiz.de/10010264861
In this paper we argue the case for greater exploitation of synergies between research on specific institutions based on micro-data and the big questions posed by the institutions and growth literature. To date, the macroeconomic literature on institutions and growth has largely relied on...
Persistent link: https://www.econbiz.de/10005558468
In this paper we argue the case for greater exploitation of synergies between research on specific institutions based on micro-data and the big questions posed by the institutions and growth literature. To date, the macroeconomic literature on institutions and growth has largely relied on...
Persistent link: https://www.econbiz.de/10003809737
In this paper we argue the case for greater exploitation of synergies between research on specific institutions based on micro-data and the big questions posed by the institutions and growth literature. To date, the macroeconomic literature on institutions and growth has largely relied on...
Persistent link: https://www.econbiz.de/10014060728
insurance within households, even with respect to publicly observable weather shocks. Different sources of income are allocated …
Persistent link: https://www.econbiz.de/10010369206
insurance within households, even with respect to publicly observable weather shocks. Different sources of income are allocated …
Persistent link: https://www.econbiz.de/10005738360
insurance within households, even with respect to publicly observable weather shocks. Different sources of income are allocated …
Persistent link: https://www.econbiz.de/10011610928
We use newly-available Indian panel data to estimate how the returns to planting-stage investments vary by rainfall realizations. We show that the forecasts significantly affect farmer investment decisions and that these responses account for a substantial fraction of the inter-annual...
Persistent link: https://www.econbiz.de/10010796654
. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We … opportunities to purchase rainfall index insurance, or a combination of the two. Demand for index insurance is strong, and insurance … to farmer investment is uninsured risk: when provided with insurance against the primary catastrophic risk they face …
Persistent link: https://www.econbiz.de/10010838898
Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...
Persistent link: https://www.econbiz.de/10010706038