The impact of index‐insured loans on credit market participation and risk‐taking
| Autor: | Jon Einar Flatnes, Richard Gallenstein, John Dougherty, Khushbu Mishra, Abdoul G. Sam |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Finance
Economics and Econometrics Microfinance Index (economics) business.industry 05 social sciences law.invention Investment decisions law Agriculture On demand Insurance policy 0502 economics and business Bond market 050202 agricultural economics & policy 050207 economics business Risk taking Agronomy and Crop Science |
| Zdroj: | Agricultural Economics. 52:141-156 |
| ISSN: | 1574-0862 0169-5150 |
| DOI: | 10.1111/agec.12611 |
| Popis: | Index‐insured loans offer considerable advantages over standalone insurance policies for improving farmers’ access to agricultural credit. However, research on demand for such products and their impact on profitable investment decisions has been limited and conflicting. In this article, we investigate the impact of index insurance on demand for credit and investment decisions using a lab‐in‐the‐field experiment conducted in rural Tanzania. We find that index insurance increases demand for credit and high‐risk high‐return investments. |
| Databáze: | OpenAIRE |
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