Please use this identifier to cite or link to this item: http://hdl.handle.net/2381/39229
Title: Self-Production, Friction, and Risk Sharing against Disasters: Evidence from a Developing Country
Authors: Sawada, Yasuyuki
Nakata, Hiroyuki
Kotera, Tomoaki
First Published: 6-Mar-2017
Publisher: Elsevier
Citation: World Development, 2017, 94, pp. 27–37
Abstract: This paper uses a unique household data set collected in Vietnam to empirically test the necessary conditions for an extended version of the consumption risk-sharing hypothesis. The test explicitly incorporates self-production and uses natural disasters such as avian influenza, droughts, and floods to identify the effectiveness of market and non-market risk-sharing mechanisms. With these additional treatments, full risk sharing cannot be rejected, which suggests the presence of omitted variable and endogeneity biases in existing studies that reject full risk sharing. We also find that credit constraints have a significant impact, although limited commitment is not necessarily serious.
DOI Link: 10.1016/j.worlddev.2016.12.037
ISSN: 0305-750X
Links: http://www.sciencedirect.com/science/article/pii/S0305750X16305897
http://hdl.handle.net/2381/39229
Embargo on file until: 6-Mar-2019
Version: Post-print
Status: Peer-reviewed
Type: Journal Article
Rights: Creative Commons “Attribution Non-Commercial No Derivatives” licence CC BY-NC-ND, further details of which can be found via the following link: http://creativecommons.org/licenses/by-nc-nd/4.0/ Archived with reference to SHERPA/RoMEO and publisher website.
Description: The file associated with this record is under embargo until 24 months after publication, in accordance with the publisher's self-archiving policy. The full text may be available through the publisher links provided above.
Appears in Collections:Published Articles, School of Management

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