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Risk Aversion In Low Income Countries Experimental Evidence From Ethiopia
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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:
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 2020 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.
Book Synopsis Agricultural Investment and Productivity by : Randall Bluffstone
Download or read book Agricultural Investment and Productivity written by Randall Bluffstone and published by Routledge. This book was released on 2012-08-21 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agricultural Investment and Productivity provides a deep and systematic look at the opportunities for and constraints to investments in sustainable agriculture in East Africa, offering important insights into what works and how to analyze agricultural investments in one of the poorest regions of the world. The book critically examines the reasons behind East Africa's stagnant agricultural productivity over the past forty-five years, using the primary lens of investments in fertilizers, seeds, and sustainable land management technologies, These investments have a tremendous impact on production volume, ultimately affecting the income of millions of families throughout the region.
Book Synopsis Inclusive Growth and Development Issues in Eastern and Southern Africa by : Herman Musahara
Download or read book Inclusive Growth and Development Issues in Eastern and Southern Africa written by Herman Musahara and published by African Books Collective. This book was released on 2016-06-13 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dictated by overall (economic, social, political, technological, etc) realities that unfold at different times, the growth and development dictums have been reshaped and reframed continually, in an effort to accommodate and respond to emerging issues. Within the overarching theme of sustainable development, human development and inclusive growth and development are, for example, among the recent focuses of the global and national development agenda. The backdrop to this 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. An overarching current issue has been an appreciation of high economic growth in the last 10 years, but which is marred by pervasive levels of poverty and inequality. Indeed, Africa, through Agenda 2063, has acknowledged the need for inclusive and sustainable development, as is also the commitment of the Sustainable Development Goals (Agenda 2030) of the United Nations.Edited by Prof. Herman Musahara, this anthology entitled Inclusive Growth and Development Issues in Eastern and Southern Africa presents issues, challenges and progress in Rwanda, Mauritius, Ethiopia, South Africa, and Uganda. 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 forth recommendations for policy and practice. As such, it is a good reading for researchers, policy and decision makers, academia and graduate students.
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.
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.
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.
Book Synopsis The Social and Behavioural Aspects of Climate Change by : Pim Martens
Download or read book The Social and Behavioural Aspects of Climate Change written by Pim Martens and published by Routledge. This book was released on 2017-09-08 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past few years, and certainly since the publication of the "Stern Report", there has been increasing recognition that climate change is not only an environmental crisis, but one with important social and economic dimensions. There is now a growing need for multi-disciplinary research and for the science of climate change to be usefully translated for policy-makers.Until very recently, scientific and policy emphasis on climate change has focused almost exclusively on mitigation efforts: mechanisms and regulations to reduce greenhouse gas emissions. The success of such efforts to date is debatable. In fact, the impact of ever more stringent emission control programmes could potentially have enormous social consequences. Little effort has been expended on the exploration of a systematic evaluation of climate stabilization benefits or the costs of adapting to a changed climate, let alone attempting to integrate different approaches. There is an increasing recognition that the key actors in the climate crisis also need to be preparing for change that is unavoidable. This has resulted in a greater consideration of vulnerability and adaptation.The book, based on the research programme "Vulnerability, Adaptation and Mitigation" (VAM) which ran from 2004 to 2010, funded by the Netherlands Organisation for Scientific Research (NWO), presents a cluster of case studies of industries, communities and institutions which each show how vulnerability, adaptation and mitigation analyses can be integrated using social behavioural sciences. Each chapter makes specific recommendations for the studied industry sector, community or institution, analyses the latest research developments of the field and identifies priorities for future research. The book argues that the inherent complexity of climate change will ultimately require a much more integrated response both scientifically – to better understand multiple causes and impacts – as well as at the scientific/policy interface, where new forms of engagement between scientists, policy-makers and wider stakeholder groups can make a valuable contribution to more informed climate policy and practice.The book is particularly timely as the scientific research and policy debate is shifting from one of problem-framing to new agendas that are much more concerned with implementation, the improvement of assessment methodologies from a multi-disciplinary perspective, and the reframing of current scientific understanding towards mitigation, adaptation and vulnerability. A critical element in responding to the climate change challenge will be to ensure the translation of these new scientific insights into innovative policy and practice "on the ground". This book provides some fundamental elements to answer this need.The Social and Behavioural Aspects of Climate Change: Linking Vulnerability, Adaptation and Mitigation will be essential reading for social science researchers and policy managers in the area of climate change, as well as for those who want to know what the social and behavioural sciences can contribute toward coping with climate hazards. NGOs, law firms and businesses in the energy sector or other climate related fields will also find the book of great value.
Book Synopsis Managing Risk in Agriculture by : Ashok K. Mishra
Download or read book Managing Risk in Agriculture written by Ashok K. Mishra and published by CABI. This book was released on 2023-10-02 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book addresses and documents farmers' risks in developing and emerging economies. It draws lessons from experimental economics on measuring risk preferences, attitudes, gender differences in managing risks, and risk management strategies in countries across Africa and Asia. It argues policy makers, especially in emerging economies, need a better understanding of farmers' attitudes toward risk and choices of risk management strategies when designing policies to support production agriculture. The book includes chapters on three themes: understanding risk attitudes and preferences; using experimental economics to measure risk, preferences, and risk management strategies; and understanding climate change, risk, and risk management. The book critically examines the currently held beliefs about risk preference, attitudes, and empirical estimation of risk management strategies, emphasizing developing and emerging economies (DEE). This book is ideal for students and researchers in universities and research organizations who conduct applied research on public policy, community development, and rural development, and will also be of interest to policy-makers in those fields.
Book Synopsis Wspc Reference On Natural Resources And Environmental Policy In The Era Of Global Change, The (In 4 Volumes) by :
Download or read book Wspc Reference On Natural Resources And Environmental Policy In The Era Of Global Change, The (In 4 Volumes) written by and published by World Scientific. This book was released on 2016-10-21 with total page 1631 pages. Available in PDF, EPUB and Kindle. Book excerpt: The WSPC Reference on Natural Resources and Environmental Policy in the Era of Global Change provides a comprehensive and prominent reference of various highly authoritative volumes of long-term scientific value, for milestone concepts and theories. The books in the reference set are edited by leading experts in the fields of: Game Theory, International Relations and Global Politics, Computable General Equilibrium (CGE): Economy-Wide Modeling, and Experimental Economics. Each book in the reference set includes chapters that are laid out by recognized, broadly respected researchers, in fields associated with issues related to natural resources and environmental policy in the era of global change. The reference set focuses on the economic and strategic aspects of interactions among various parts of society, all dependent on the availability and utilization of limited natural resources and their impact on the environment. Policy implications are addressed, including current challenges and future perspectives.The combination of the four books provides a unique perspective on the issues that engage the public discourse of researchers and policy-makers at state, regional, and global levels. Each of the books in the reference set and all four books as a whole provide coverage of disciplines and angles through which the reader can obtain an understanding of the state-of-the-art of dealing with natural resources and environmental policy in the era of global change. The books in the reference set complement each other and provide a scientific understanding of our ability to address the issues covered.
Book Synopsis An Outline of Financial Economics by : Satya R. Chakravarty
Download or read book An Outline of Financial Economics written by Satya R. Chakravarty and published by Anthem Press. This book was released on 2014-11-01 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: “An Outline of Financial Economics” presents a systematic treatment of the theory and methodology of finance and economics. The book follows an analytical and geometric methodology, explaining technical terms and mathematical operations in clear, non-technical language, and providing intuitive explanations of the mathematical results. The text begins with a discussion of financial instruments, which form the basis of finance theory, and goes on to analyze bonds – which are regarded as fixed income securities – in a simple framework, and to discuss the valuation of stocks and cash flows in detail. Highly relevant topics such as attitudes toward risk, uncertainty, the financial structure of a firm, stochastic dominance, portfolio management, option pricing and conditions for non-arbitrage are analyzed explicitly. Because of its wide coverage and analytical, articulate and authoritative presentation, “An Outline of Financial Economics” will be an indispensable book for finance researchers and undergraduate and graduate students in fields such as economics, finance, econometrics, statistics and mathematics.
Book Synopsis Contemporary Issues in Sustainable Development by : Tanika Chakraborty
Download or read book Contemporary Issues in Sustainable Development written by Tanika Chakraborty and published by Taylor & Francis. This book was released on 2020-12-28 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book will be of interest to South Asian studies departments across the globe looking at how India/South Asia are tackling sustainable development and related growth challenges. Sustainable development is an emerging interdisciplinary field with international appeal as many of these problems are trans-boundary in nature - global climate change, greenhouse gas, for example. International organizations and institutes working in this field and in India including United Nations, World Resources Institute, World Wide Fund for nature, and International Institute for Sustainable Development and others will be interested in this volume
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.
Book Synopsis The Economics of Climate-Resilient Development by : Sam Fankhauser
Download or read book The Economics of Climate-Resilient Development written by Sam Fankhauser and published by Edward Elgar Publishing. This book was released on 2016-07-27 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some climate change is now inevitable and strategies to adapt to these changes are quickly developing. The question is particularly paramount for low-income countries, which are likely to be most affected. This timely and unique book takes an integrated look at the twin challenges of climate change and development. The book treats adaptation to climate change as an issue of climate-resilient development, rather than as a bespoke set of activities (flood defences, drought plans, and so on), combining climate and development challenges into a single strategy. It asks how the standard approaches to development need to change, and what socio-economic trends and urbanisation mean for the vulnerability of developing countries to climate risks. Combining conceptual thinking with practical policy prescriptions and experience the contributors argue that, to address these questions, climate risk has to be embedded fully into wider development strategies
Book Synopsis Eco-innovation and green productivity for sustainable production and consumption by : Munir Ahmad
Download or read book Eco-innovation and green productivity for sustainable production and consumption written by Munir Ahmad and published by Frontiers Media SA. This book was released on 2023-03-27 with total page 664 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Revisiting Inequality by : Achin Chakraborty
Download or read book Revisiting Inequality written by Achin Chakraborty and published by Taylor & Francis. This book was released on 2024-06-03 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume discusses the current state of knowledge on the conceptual understanding of inequality. The book poses a range of empirical puzzles in the Indian context and examines inequalities across categories of the region of residence, caste, and sex, using a fascinating range of outcome indicators, comprising education, health, earnings, self-employment, and crime. The empirical chapters of this volume use various large-scale secondary data sources to expose the deep-rooted, structural inequalities in the Indian society. It answers some of the pertinent questions around inequality such as why do the backward regions of India continue to remain backward, both in terms of economic and human development indicators? Why do enterprises owned by backward caste individuals have systematically lower business earnings? Are backward castes and women more likely to face crime when their relative status improves? How do the circumstances that children find given at birth influence their learning outcomes? etc. The book will be of interest to teachers, students, and researchers of economics of education, development studies, development economics, and Indian economics. It will also be useful for policymakers, academicians, and anyone curious to learn about inequality.
Book Synopsis The Myth of Endless Growth by : William Strauss
Download or read book The Myth of Endless Growth written by William Strauss and published by Lulu.com. This book was released on 2010-09-25 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows how mainstream economic theory is fundamentally flawed. It shows how the expectation for endless growth is so deeply ingrained into what we expect the future to be that we do not even question the assumption. But this work, rather than follow an ecological path to explore limits to growth, is an "inside job" that shows that when modern economic growth theories are decoupled from assumptions that have no basis in how the real world is developing, but are, for the most part, mathematical conveniences applied for the sake of "stability," then the long-run economic outcome is no longer capitalism. Decision makers assume that changes today will lead to predictable and/or reversible outcomes. This is a myth. There are fallacies throughout the assumptions of predictability, reversibility, and endless growth. When reasoning is based upon a flawed foundation, bad choices can appear reasonable. This work shows that the future is not what it is supposed to be.
