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This report presents an assessment of Zimbabwe's agriculture sector disaster risk and management capacity. The findings … indicate that Zimbabwe is highly exposed to agricultural risks and has limited capacity to manage risk at various levels. The … disasters occur, the economy absorbs the shocks, without benefiting from any instruments that transfer the risk to markets and …
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The test on the presence of full insurance that is commonly employed does not take intoaccount that households also rely on buffer stocks to shield their consumption from incomeshocks. In this paper a test is developed that deals with this omission. It is shown that in thepresence of partial...
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