Insurance, Credit, And Technology Adoption: Field Experimental Evidence From Malawi
The adoption of new agricultural technologies may be discouraged because of their inherent riskiness. This study implemented a randomized field experiment to ask whether the provision of insurance against a major source of production risk induces farmers to take out loans to invest in a new crop var...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2007
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The adoption of new agricultural technologies may be discouraged because of their inherent riskiness. This study implemented a randomized field experiment to ask whether the provision of insurance against a major source of production risk induces farmers to take out loans to invest in a new crop variety. The study sample was composed of roughly 800 maize and groundnut farmers in Malawi, where by far the dominant source of production risk is the level of rainfall. We randomly selected half of the farmers to be offered credit to purchase high-yielding hybrid maize and improved groundnut seeds for planting in the November 2006 crop season. The other half of the farmers were offered a similar credit package but were also required to purchase (at actuarially fair rates) a weather insurance policy that partially or fully forgave the loan in the event of poor rainfall. Surprisingly, take up was lower by 13 percentage points among farmers offered insurance with the loan. Take-up was 33.0 percent for farmers who were offered the uninsured loan. There is suggestive evidence that the reduced take-up of the insured loan was due to the high cognitive cost of evaluating the insurance: insured loan take-up was positively correlated with farmer education levels. By contrast, the take-up of the uninsured loan was uncorrelated with farmer education |
| Beschreibung: | 1 Online-Ressource (33 Seiten) |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV040619029 | ||
| 003 | DE-604 | ||
| 005 | 20250108 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 121206s2007 xxu o|||| 00||| eng d | ||
| 035 | |a (ZDB-1-WBA)093229763 | ||
| 035 | |a (OCoLC)836750612 | ||
| 035 | |a (DE-599)GBVNLM005465915 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-12 |a DE-1102 |a DE-1051 |a DE-521 |a DE-863 |a DE-862 |a DE-522 |a DE-858 |a DE-573 |a DE-860 |a DE-1046 |a DE-1047 |a DE-Aug4 |a DE-2070s |a DE-M347 |a DE-1049 |a DE-898 |a DE-128 |a DE-M352 |a DE-70 |a DE-92 |a DE-150 |a DE-155 |a DE-22 |a DE-91 |a DE-384 |a DE-473 |a DE-19 |a DE-739 |a DE-20 |a DE-703 |a DE-706 |a DE-355 |a DE-29 |a DE-859 |a DE-Re13 |a DE-523 | ||
| 100 | 1 | |a Giné, Xavier |e Verfasser |0 (DE-588)1242571760 |4 aut | |
| 245 | 1 | 0 | |a Insurance, Credit, And Technology Adoption |b Field Experimental Evidence From Malawi |c Gine, Xavier |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 2007 | |
| 300 | |a 1 Online-Ressource (33 Seiten) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 520 | 1 | |a The adoption of new agricultural technologies may be discouraged because of their inherent riskiness. This study implemented a randomized field experiment to ask whether the provision of insurance against a major source of production risk induces farmers to take out loans to invest in a new crop variety. The study sample was composed of roughly 800 maize and groundnut farmers in Malawi, where by far the dominant source of production risk is the level of rainfall. We randomly selected half of the farmers to be offered credit to purchase high-yielding hybrid maize and improved groundnut seeds for planting in the November 2006 crop season. The other half of the farmers were offered a similar credit package but were also required to purchase (at actuarially fair rates) a weather insurance policy that partially or fully forgave the loan in the event of poor rainfall. Surprisingly, take up was lower by 13 percentage points among farmers offered insurance with the loan. Take-up was 33.0 percent for farmers who were offered the uninsured loan. There is suggestive evidence that the reduced take-up of the insured loan was due to the high cognitive cost of evaluating the insurance: insured loan take-up was positively correlated with farmer education levels. By contrast, the take-up of the uninsured loan was uncorrelated with farmer education | |
| 534 | |c 2007 | ||
| 650 | 4 | |a Landwirtschaft | |
| 653 | |a Access To Information | ||
| 653 | |a Agriculture | ||
| 653 | |a Bankruptcy and Resolution of Financial Distress | ||
| 653 | |a Credit Constraints | ||
| 653 | |a Crops and Crop Management Systems | ||
| 653 | |a Debt Markets | ||
| 653 | |a Developing Countries | ||
| 653 | |a Finance and Financial Sector Development | ||
| 653 | |a Financial Markets | ||
| 653 | |a Financial Support | ||
| 653 | |a Hazard Risk Management | ||
| 653 | |a Insurance | ||
| 653 | |a Insurance Policy | ||
| 653 | |a International Bank | ||
| 653 | |a Loan | ||
| 653 | |a Microfinance | ||
| 653 | |a Poverty Reduction | ||
| 653 | |a Rural Development | ||
| 653 | |a Rural Poverty Reduction | ||
| 653 | |a Urban Development | ||
| 700 | 1 | |a Yang, Dean |e Sonstige |0 (DE-588)132312093 |4 oth | |
| 776 | 0 | 8 | |i Reproduktion von |a Gine, Xavier |t Insurance, Credit, And Technology Adoption |d 2007 |
| 856 | 4 | 0 | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4425 |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-025446528 | |
Datensatz im Suchindex
| DE-BY-FWS_katkey | 461738 |
|---|---|
| _version_ | 1824555675670282241 |
| adam_text | |
| any_adam_object | |
| author | Giné, Xavier |
| author_GND | (DE-588)1242571760 (DE-588)132312093 |
| author_facet | Giné, Xavier |
| author_role | aut |
| author_sort | Giné, Xavier |
| author_variant | x g xg |
| building | Verbundindex |
| bvnumber | BV040619029 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)093229763 (OCoLC)836750612 (DE-599)GBVNLM005465915 |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000 c 4500</leader><controlfield tag="001">BV040619029</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20250108</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">121206s2007 xxu o|||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)093229763</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)836750612</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVNLM005465915</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-1102</subfield><subfield code="a">DE-1051</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield><subfield code="a">DE-522</subfield><subfield code="a">DE-858</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-1046</subfield><subfield code="a">DE-1047</subfield><subfield code="a">DE-Aug4</subfield><subfield code="a">DE-2070s</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-128</subfield><subfield code="a">DE-M352</subfield><subfield code="a">DE-70</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-150</subfield><subfield code="a">DE-155</subfield><subfield code="a">DE-22</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-859</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-523</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Giné, Xavier</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)1242571760</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Insurance, Credit, And Technology Adoption</subfield><subfield code="b">Field Experimental Evidence From Malawi</subfield><subfield code="c">Gine, Xavier</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">2007</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (33 Seiten)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1="1" ind2=" "><subfield code="a">The adoption of new agricultural technologies may be discouraged because of their inherent riskiness. This study implemented a randomized field experiment to ask whether the provision of insurance against a major source of production risk induces farmers to take out loans to invest in a new crop variety. The study sample was composed of roughly 800 maize and groundnut farmers in Malawi, where by far the dominant source of production risk is the level of rainfall. We randomly selected half of the farmers to be offered credit to purchase high-yielding hybrid maize and improved groundnut seeds for planting in the November 2006 crop season. The other half of the farmers were offered a similar credit package but were also required to purchase (at actuarially fair rates) a weather insurance policy that partially or fully forgave the loan in the event of poor rainfall. Surprisingly, take up was lower by 13 percentage points among farmers offered insurance with the loan. Take-up was 33.0 percent for farmers who were offered the uninsured loan. There is suggestive evidence that the reduced take-up of the insured loan was due to the high cognitive cost of evaluating the insurance: insured loan take-up was positively correlated with farmer education levels. By contrast, the take-up of the uninsured loan was uncorrelated with farmer education</subfield></datafield><datafield tag="534" ind1=" " ind2=" "><subfield code="c">2007</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Landwirtschaft</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Access To Information</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Agriculture</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Bankruptcy and Resolution of Financial Distress</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Credit Constraints</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Crops and Crop Management Systems</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Debt Markets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Developing Countries</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Finance and Financial Sector Development</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Financial Markets</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Financial Support</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Hazard Risk Management</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Insurance</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Insurance Policy</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">International Bank</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Loan</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Microfinance</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Poverty Reduction</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Rural Development</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Rural Poverty Reduction</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Urban Development</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Yang, Dean</subfield><subfield code="e">Sonstige</subfield><subfield code="0">(DE-588)132312093</subfield><subfield code="4">oth</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Reproduktion von</subfield><subfield code="a">Gine, Xavier</subfield><subfield code="t">Insurance, Credit, And Technology Adoption</subfield><subfield code="d">2007</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4425</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-025446528</subfield></datafield></record></collection> |
| id | DE-604.BV040619029 |
| illustrated | Not Illustrated |
| indexdate | 2025-02-20T07:11:26Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025446528 |
| oclc_num | 836750612 |
| open_access_boolean | |
| owner | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
| owner_facet | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
| physical | 1 Online-Ressource (33 Seiten) |
| psigel | ZDB-1-WBA |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | The World Bank |
| record_format | marc |
| spellingShingle | Giné, Xavier Insurance, Credit, And Technology Adoption Field Experimental Evidence From Malawi Landwirtschaft |
| title | Insurance, Credit, And Technology Adoption Field Experimental Evidence From Malawi |
| title_auth | Insurance, Credit, And Technology Adoption Field Experimental Evidence From Malawi |
| title_exact_search | Insurance, Credit, And Technology Adoption Field Experimental Evidence From Malawi |
| title_full | Insurance, Credit, And Technology Adoption Field Experimental Evidence From Malawi Gine, Xavier |
| title_fullStr | Insurance, Credit, And Technology Adoption Field Experimental Evidence From Malawi Gine, Xavier |
| title_full_unstemmed | Insurance, Credit, And Technology Adoption Field Experimental Evidence From Malawi Gine, Xavier |
| title_short | Insurance, Credit, And Technology Adoption |
| title_sort | insurance credit and technology adoption field experimental evidence from malawi |
| title_sub | Field Experimental Evidence From Malawi |
| topic | Landwirtschaft |
| topic_facet | Landwirtschaft |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4425 |
| work_keys_str_mv | AT ginexavier insurancecreditandtechnologyadoptionfieldexperimentalevidencefrommalawi AT yangdean insurancecreditandtechnologyadoptionfieldexperimentalevidencefrommalawi |