The purpose of this paper is to provide a specific test of the Boucher, Carter and Guirkinger (2008) framework to determine the extent of risk rationing amongst potential rural borrowers. Using data from 730 farm households in the Shaanxi province of China and from 372 farmers in northeastern...

This article draws from a study that investigates the link between development, economic growth and the economic losses from natural hazards. Increasing investments in disaster risk reduction have led to a significant reduction in human casualties, but economic losses from natural disasters have...

We investigate the fundamental determinants of sustainability in general equilibrium. We adopt a definition of sustainability that requires that the welfare of future generations is not expected to decrease on average. We then use a stochastic growth model to explore the conditions under which...

With heightened uncertainties and moderating global and Western European growth and oil prices, and volatile capital flows, Russia is likely to grow by 4.2 percent in 2010, followed by 4.5 percent in 2011 and 3.5 percent in 2012 as domestic demand expands in line with gradual improvements in the...

We study the impact of incomplete consumption risk-sharing on land misallocation in rural economies. We develop a general equilibrium model of land cultivation choices, where heterogeneous agricultural households face idiosyncratic output shocks and insure themselves by participating in a...

Motivated by co-operational patterns of farmer societies in developing countries, I present a model of joint interaction between risk sharing against idiosyncratic shocks and co-operation over public investments reducing aggregate risk in presence of limited commitment constraints. The model is...

Alterations in rainfall patterns and increasing temperatures due to climate change will most likely translate into yield reductions in desirable crops. In this particular context, the object of this paper is to lay down findings and results for projected yield impacts in Morocco using a...

We employ a novel approach to investigate the reasons for a low demand for agricultural insurance. We confirm that farmers systematically undervalue agricultural insurance. First, we find that private transfers, mainly from family members, explain under-valuation of agricultural insurance....