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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...
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misallocation in agriculture during the period between 2006 and 2016. Despite rapid growth in agricultural productivity and a …We examine important changes in agriculture in Viet Nam in the context of ongoing structural changes in the economy. We … productivity over time. Our analysis also reveals important differences between the north and south regions. …
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