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Analysing the US Panel Study of Income Dynamics, we present a new empirical method to investigate the extent to which households reduce their financial risk exposure when confronted with background risk. Our novel modelling approach - termed a deflated fractional ordered probit model -...
Persistent link: https://www.econbiz.de/10011594575
rainfall data for rural Thailand and Vietnam. Our econometric analysis shows that temporal variability in risk attitudes is … driven by rainfall shocks. Both severe shortages and excesses appear to increase individuals' risk aversion. Contrary to … composition of non-farmers and by farmers' ability to mitigate rainfall shocks. Our findings have potentially important …
Persistent link: https://www.econbiz.de/10011905968
Persistent link: https://www.econbiz.de/10013348739
Persistent link: https://www.econbiz.de/10014327333
Do transgenic crops cause agrobiodiversity erosion? We hypothesize that they increase productivity and reduce production risk and may therefore reduce farmer demand for on-farm varietal diversity, especially when only a few transgenic varieties are available. We also hypothesize that varietal...
Persistent link: https://www.econbiz.de/10010251108
Do transgenic crops cause agrobiodiversity erosion? We hypothesize that they increase productivity and reduce production risk and may therefore reduce farmer demand for on-farm varietal diversity, especially when only a few transgenic varieties are available. We also hypothesize that varietal...
Persistent link: https://www.econbiz.de/10014147914
Environment and climate change are generally considered a systemic risk, not as part of the systematic risk. The view of Islamic finance industry and institutions is no different. However, with greater awareness about the existential threat of climate crisis, there is call for treating it as...
Persistent link: https://www.econbiz.de/10013222949
While global supply chains have recently gained attention in the context of the Covid-related crisis as well as the war in Ukraine, their role in transmitting and amplifying climate-related physical risks across countries has received surprisingly little attention. To address this shortcoming,...
Persistent link: https://www.econbiz.de/10014558794
We conduct a systematic literature review on environmental and climate related risk management in the financial sector. The systematic literature review identified a total of 36 relevant articles. A formal coding leads to the aggregation and classification of papers to three main categories that...
Persistent link: https://www.econbiz.de/10012848409
The main research question of this empirical work is whether or not globalization, in its various forms, has had an impact upon international risk sharing. The empirical literature so far has only investigated on one aspect of globalization: economic and financial integration. By decomposing...
Persistent link: https://www.econbiz.de/10013112638