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The objective is to examine the determinants of the relationship between insurance growth and economic development. This paper contributes to this body of research by providing an extensive literature review of empirical studies that have looked at both sides of the relationship, i.e. the demand...
Persistent link: https://www.econbiz.de/10013122482
This article constructs triple-difference tests around shifts in the supply of risk management instruments available to … agricultural producers to reveal a positive relation between risk management and productivity. This relation is more robust when … performance. Additionally, productivity is particularly high among risk-managing producers in counties containing high levels of …
Persistent link: https://www.econbiz.de/10010678709
The analysis in this paper shows that unpredictable variations in economic productivity may have a positive or negative effect on the average growth rate of output. This theoretical ambiguity result is not solely determined by the value of the elasticity of intertemporal substitution (of...
Persistent link: https://www.econbiz.de/10011343279
in the model which represent the micro foundation in the model. One of the conclusions is that the more “risk averse” the …
Persistent link: https://www.econbiz.de/10013083492
activity is fraught with great risk, which is largely exacerbated by liquidity constraints. This situation is especially …
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