Poverty Risk Aversion And Path Dependence In Low Income Countries

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Poverty, Risk Aversion, and Path Dependence in Low-Income Countries

Author : Mahmud Yesuf
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Poverty, Risk Aversion, and Path Dependence in Low-Income Countries by : Mahmud Yesuf

Download or read book Poverty, Risk Aversion, and Path Dependence in Low-Income Countries written by Mahmud Yesuf and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In most low-income countries, rural households depend on mixed rain-fed agriculture/livestock production, which is very risky. Due to numerous market failures, there are few ways to shift risks to third parties. The literature has focused on what determines the responses of households in such environments. Of special concern are path dependencies in which households experiencing failure are prone to further failure and potential poverty traps. This paper estimates levels and determinants of risk aversion in the highlands of Ethiopia. We find high risk aversion and evidence that constraints have important impacts on risk-averting behavior with perhaps significant implications for long-term poverty. The results also suggest the possibility of path dependence and offer insights into links between risk aversion and poverty traps.

Risk Aversion in Low Income Countries: Experimental Evidence from Ethiopia

Author : Randy Bluffstone
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4./5 ( download)

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Book Synopsis Risk Aversion in Low Income Countries: Experimental Evidence from Ethiopia by : Randy Bluffstone

Download or read book Risk Aversion in Low Income Countries: Experimental Evidence from Ethiopia written by Randy Bluffstone and published by Intl Food Policy Res Inst. This book was released on 2007 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Insurance Against Poverty

Author : World Institute for Development Economics Research
Publisher : Oxford University Press
ISBN 13 : 0199276838
Total Pages : 484 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis Insurance Against Poverty by : World Institute for Development Economics Research

Download or read book Insurance Against Poverty written by World Institute for Development Economics Research and published by Oxford University Press. This book was released on 2005 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: Poor people in developing countries are often affected by droughts, floods, illness, crop failure, job loss, and economic downturns. Much of their energy goes into coping with these shocks and into day-to-day survival. While insurance and credit markets, combined with widespread social security, provide an important cushion against poverty in rich countries, the need for immediate survival may lock the poor into persistent poverty in developing countries.The poor in developing countries do have informal mechanisms to cope with risk and misfortune. These are based on income diversification, risk avoidance, self-insurance by saving together with family, and community-based mutual assistance. Nevertheless, the scope of these mechanisms remains limited. Repeated individual-specific shocks such as illness or pests, or covariate risks associated with drought, flood, or recession, undermine the ability of individuals and their families to cope withrisk.We now know much more about vulnerability to risk and how poor people cope. Even more importantly, we have learned much about the large long-term consequences of these risks, which condemns many to persistent poverty and excludes them from economic growth. But there is much that can be done. The micro-level studies that underpin this book offer new insights on how effective public action could be more effective in protecting the vulnerable against persistent poverty. Policy should focus onproviding a comprehensive menu of ex-ante and post-crisis protection mechanisms, including new forms of insurance, savings, safety nets, and the means to strengthen the poor's asset base. Local communities have a big role to play: public funds should not be used to replace indigenous community-basedsupport networks; rather they should be used to build on the strengths of these networks to ensure broader and more effective protection.With numerous thematic chapters and case studies of both best practice and of failure, from a mix of low-income and middle-income countries across the developing world, this book evaluates alternatives in widening insurance and protection provision, and makes an important contribution to the topical field of insurance and risk.

The Economics of Poverty Traps

Author : Christopher B. Barrett
Publisher : University of Chicago Press
ISBN 13 : 022657430X
Total Pages : 425 pages
Book Rating : 4.2/5 (265 download)

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Book Synopsis The Economics of Poverty Traps by : Christopher B. Barrett

Download or read book The Economics of Poverty Traps written by Christopher B. Barrett and published by University of Chicago Press. This book was released on 2018-12-07 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: What circumstances or behaviors turn poverty into a cycle that perpetuates across generations? The answer to this question carries especially important implications for the design and evaluation of policies and projects intended to reduce poverty. Yet a major challenge analysts and policymakers face in understanding poverty traps is the sheer number of mechanisms—not just financial, but also environmental, physical, and psychological—that may contribute to the persistence of poverty all over the world. The research in this volume explores the hypothesis that poverty is self-reinforcing because the equilibrium behaviors of the poor perpetuate low standards of living. Contributions explore the dynamic, complex processes by which households accumulate assets and increase their productivity and earnings potential, as well as the conditions under which some individuals, groups, and economies struggle to escape poverty. Investigating the full range of phenomena that combine to generate poverty traps—gleaned from behavioral, health, and resource economics as well as the sociology, psychology, and environmental literatures—chapters in this volume also present new evidence that highlights both the insights and the limits of a poverty trap lens. The framework introduced in this volume provides a robust platform for studying well-being dynamics in developing economies.

Shock Waves

Author : Stephane Hallegatte
Publisher : World Bank Publications
ISBN 13 : 1464806748
Total Pages : 227 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Shock Waves by : Stephane Hallegatte

Download or read book Shock Waves written by Stephane Hallegatte and published by World Bank Publications. This book was released on 2015-11-23 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ending poverty and stabilizing climate change will be two unprecedented global achievements and two major steps toward sustainable development. But the two objectives cannot be considered in isolation: they need to be jointly tackled through an integrated strategy. This report brings together those two objectives and explores how they can more easily be achieved if considered together. It examines the potential impact of climate change and climate policies on poverty reduction. It also provides guidance on how to create a “win-win†? situation so that climate change policies contribute to poverty reduction and poverty-reduction policies contribute to climate change mitigation and resilience building. The key finding of the report is that climate change represents a significant obstacle to the sustained eradication of poverty, but future impacts on poverty are determined by policy choices: rapid, inclusive, and climate-informed development can prevent most short-term impacts whereas immediate pro-poor, emissions-reduction policies can drastically limit long-term ones.

Rural Poverty, Risk and Development

Author : Marcel Fafchamps
Publisher : Food & Agriculture Org.
ISBN 13 : 9789251043714
Total Pages : 156 pages
Book Rating : 4.0/5 (437 download)

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Book Synopsis Rural Poverty, Risk and Development by : Marcel Fafchamps

Download or read book Rural Poverty, Risk and Development written by Marcel Fafchamps and published by Food & Agriculture Org.. This book was released on 1999 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: All men and women are subject to risk: illness, accident, death. Some shocks affect their ability to feed and support themselves properly, either temporarily: unemployment, crop failure, and loss of property; or permanently: disability, and skill obsolescence.This report summarises what is known and also what is not known about the sources of risk faced by the rural poor and their coping strategies. It examines the impact of risk and risk-coping strategies on development and the way in which governments and international organisations can assist in dealing with risk and overcoming poverty.

Risk attitude & Economics

Author : Laura Concina
Publisher : FonCSI
ISBN 13 :
Total Pages : 55 pages
Book Rating : 4./5 ( download)

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Book Synopsis Risk attitude & Economics by : Laura Concina

Download or read book Risk attitude & Economics written by Laura Concina and published by FonCSI. This book was released on 2014-05-01 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: This document is an introduction, for non-economists, to standard and behavioral economic theories of risk and uncertainty. It describes some broadly-accepted results in economics that are determinant in decision-making under risk or uncertainty and in situations where we have to deal with losses and gains. To illustrate this point, the document presents a selection of theoretical results, ponctuated with examples taken from everyday life, and research studies in economics and psychology on the perception of risk.

Vulnerability to Poverty

Author : M. Grimm
Publisher : Springer
ISBN 13 : 0230306624
Total Pages : 353 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis Vulnerability to Poverty by : M. Grimm

Download or read book Vulnerability to Poverty written by M. Grimm and published by Springer. This book was released on 2016-04-30 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the current global crisis, high levels of volatility in trade, capital flows, commodity prices, aid, and the looming threat of climate change, this book brings together high-quality research and presents conceptual issues and empirical results to analyze the determinants of the vulnerability to poverty in developing countries.

Household Income Dynamics in Rural China

Author : Jyotsna Jalan
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Household Income Dynamics in Rural China by : Jyotsna Jalan

Download or read book Household Income Dynamics in Rural China written by Jyotsna Jalan and published by . This book was released on 2001 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is effective social protection an investment with long-term benefits? Does inequality impede growth? Household panel data on incomes in rural China offer some answers.

Sustainable Land Use and Rural Development in Southeast Asia: Innovations and Policies for Mountainous Areas

Author : Holger L. Fröhlich
Publisher : Springer Science & Business Media
ISBN 13 : 364233377X
Total Pages : 490 pages
Book Rating : 4.6/5 (423 download)

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Book Synopsis Sustainable Land Use and Rural Development in Southeast Asia: Innovations and Policies for Mountainous Areas by : Holger L. Fröhlich

Download or read book Sustainable Land Use and Rural Development in Southeast Asia: Innovations and Policies for Mountainous Areas written by Holger L. Fröhlich and published by Springer Science & Business Media. This book was released on 2013-04-03 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is based on the findings of a long-term (2000-2014) interdisciplinary research project of the University of Hohenheim in collaboration with several universities in Thailand and Vietnam. Titled Sustainable Land Use and Rural Development in Mountainous Areas in Southeast Asia, or the Uplands Program, the project aims to contribute through agricultural research to the conservation of natural resources and the improvement of living conditions of the rural population in the mountainous regions of Southeast Asia. Having three objectives the book first aims to give an interdisciplinary account of the drivers, consequences and challenges of ongoing changes in mountainous areas of Southeast Asia. Second, the book describes how innovation processes can contribute to addressing these challenges and third, how knowledge creation to support change in policies and institutions can assist in sustainably develop mountain areas and people’s livelihoods.

Poverty and Policy

Author : Michael Lipton
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 126 pages
Book Rating : 4./5 ( download)

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Book Synopsis Poverty and Policy by : Michael Lipton

Download or read book Poverty and Policy written by Michael Lipton and published by World Bank Publications. This book was released on 1993 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Measuring Vulnerability to Poverty

Author : Gisele Gamanou
Publisher :
ISBN 13 : 9789291902408
Total Pages : 21 pages
Book Rating : 4.9/5 (24 download)

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Book Synopsis Measuring Vulnerability to Poverty by : Gisele Gamanou

Download or read book Measuring Vulnerability to Poverty written by Gisele Gamanou and published by . This book was released on 2002 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Understanding the Income and Efficiency Gap in Latin America and the Caribbean

Author : Jorge Thompson Araujo
Publisher : World Bank Publications
ISBN 13 : 1464804516
Total Pages : 257 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Understanding the Income and Efficiency Gap in Latin America and the Caribbean by : Jorge Thompson Araujo

Download or read book Understanding the Income and Efficiency Gap in Latin America and the Caribbean written by Jorge Thompson Araujo and published by World Bank Publications. This book was released on 2016-03-28 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: The countries of the Latin America and Caribbean region (LAC), like other emerging economies, have benefited from a decade of remarkable growth and some income per capita convergence towards the United States and other industrialized countries. However, even nearly ten years of solid growth in the first decade of the 21st century could not guarantee that LAC would move on to a sustained long-term income convergence path. In fact, despite this recent progress, LAC still faces a significant per capita income gap with the developed world. The papers in this volume contribute to the ongoing debate on the reasons for this persistent income gap and the potential drivers of convergence, and propose some broad avenues for reform. This volume presents new macro-, sectoral-, and micro-level evidence that: (i) differences in total factor productivity (TFP), or efficiency in using the production factors, such as physical and human capital, explain a large part of LAC's persistent income gap; and (ii) resource misallocation is the main factor behind LAC's large efficiency gap. At the same time, the findings of this volume indicate there is significant room for further economic growth gains from technology adoption and innovation more broadly. In fact, the quality of the available technology in LAC is low, and there is very little innovation. Although firms can use innovation to reach productivity at the global productivity frontier, weak institutions reduce incentives to innovate. This volume also proposes that the main priorities for improving resource allocation and the incentives to innovate include: (i) enhancing market competition in key network industries (transport, financial, telecommunications, logistics, communication and distribution services); (ii) increasing labor market flexibility (including skill-mismatches and social barriers); (iii) removing informational frictions (including complex tax regimes and credit rationing); (iv) strengthening property rights; and (v) improving the rule of law.

Pricing Sovereign Debt in Resource-Rich Economies

Author : Thomas McGregor
Publisher : International Monetary Fund
ISBN 13 : 1513516434
Total Pages : 30 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Pricing Sovereign Debt in Resource-Rich Economies by : Thomas McGregor

Download or read book Pricing Sovereign Debt in Resource-Rich Economies written by Thomas McGregor and published by International Monetary Fund. This book was released on 2019-11-08 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do oil price movements affect sovereign spreads in an oil-dependent economy? I develop a stochastic general equilibrium model of an economy exposed to co-moving oil price and output processes, with endogenous sovereign default risk. The model explains a large proportion of business cycle fluctuations in interest-rate spreads in oil-exporting emerging market economies, particularly the countercyclicallity of interest rate spreads and oil prices. Higher risk-aversion, more impatient governments, larger oil shares and a stronger correlation between domestic output and oil price shocks all lead to stronger co-movements between risk premiums and the oil price.

Inclusive Growth and Development Issues in Eastern and Southern Africa

Author : Musahara, Herman
Publisher : OSSREA
ISBN 13 : 9994455885
Total Pages : 246 pages
Book Rating : 4.9/5 (944 download)

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Book Synopsis Inclusive Growth and Development Issues in Eastern and Southern Africa by : Musahara, Herman

Download or read book Inclusive Growth and Development Issues in Eastern and Southern Africa written by Musahara, Herman and published by OSSREA. This book was released on 2016-06-13 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: This anthology presents issues, challenges and progress in Rwanda, Mauritius, Ethiopia, South Africa, and Uganda towards Africa's acknowledgement through Agenda 2063 of the need for inclusive and sustainable development, and its commitment to the Sustainable Development Goals (Agenda 2030) of the United Nations. Dictated by overall ever unfolding realities, including economic, social, political, technological issues, the growth and development dictums have been reshaped and reframed continually, in an effort to accommodate and respond to emerging issues. Human development and inclusive growth and development, within the overall theme of sustainable development, are, for example, among the recent focuses of the global and national development agenda. The background is that as individuals, communities, and societies get richer, the worrying levels of inequalities, exclusion and disparities are becoming an area of concern, drawing the attention of governments, planners, civil societies, researchers and academia. A predominant current issue has been an appreciation of high economic growth in the last 10 years, which is nonetheless marred by pervasive levels of poverty and inequality. The issues covered include: trade; rural-urban linkages; the dynamics of poverty, vulnerability, and welfare; social policies for inclusive and sustainable development; productivity and informality; and financial direct support systems to the poor. The chapters are based on first-hand data, secondary data from different databases and systematic reviews of academic literature. Drawing on the findings and conclusions of the individual chapters, the book distills together the key lessons and also puts forward recommendations for policy and practice. It is a resource for researchers, policy and decision makers, academia and graduate students.

Handbook of Experimental Economic Methodology

Author : Guillaume R. Fréchette
Publisher : Oxford University Press
ISBN 13 : 0190202165
Total Pages : 491 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis Handbook of Experimental Economic Methodology by : Guillaume R. Fréchette

Download or read book Handbook of Experimental Economic Methodology written by Guillaume R. Fréchette and published by Oxford University Press. This book was released on 2015-01-02 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Experimental Economic Methodology, edited by Guillaume R. Fréchette and Andrew Schotter, aims to confront and debate the issues faced by the growing field of experimental economics. For example, as experimental work attempts to test theory, it raises questions about the proper relationship between theory and experiments. As experimental results are used to inform policy, the utility of these results outside the lab is questioned, and finally, as experimental economics tries to integrate ideas from other disciplines like psychology and neuroscience, the question of their proper place in the discipline of economics becomes less clear. This book contains papers written by some of the most accomplished scholars working at the intersection of experimental, behavioral, and theoretical economics talking about methodology. It is divided into four sections, each of which features a set of papers and a set of comments on those papers. The intention of the volume is to offer a place where ideas about methodology could be discussed and even argued. Some of the papers are contentious---a healthy sign of a dynamic discipline---while others lay out a vision for how the authors think experimental economics should be pursued. This exciting and illuminating collection of papers brings light to a topic at the core of experimental economics. Researchers from a broad range of fields will benefit from the exploration of these important questions.

Farming Systems and Poverty

Author : John A. Dixon
Publisher : Food & Agriculture Org.
ISBN 13 : 9789251046272
Total Pages : 424 pages
Book Rating : 4.0/5 (462 download)

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Book Synopsis Farming Systems and Poverty by : John A. Dixon

Download or read book Farming Systems and Poverty written by John A. Dixon and published by Food & Agriculture Org.. This book was released on 2001 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: A joint FAO and World Bank study which shows how the farming systems approach can be used to identify priorities for the reduction of hunger and poverty in the main farming systems of the six major developing regions of the world.