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dc.contributor.authorKodama, Wataruen
dc.contributor.authorMiura, Kenen
dc.contributor.authorSakurai, Takeshien
dc.date.accessioned2021-11-15T06:29:48Z-
dc.date.available2021-11-15T06:29:48Z-
dc.date.issued2021-11-10-
dc.identifier.urihttp://hdl.handle.net/2433/265899-
dc.descriptionNatural Resource Economics Discussion Papers are preliminary research reports by members of the GSA-NRE Kyoto University circulated for comments and suggestions. They have not been externally peer-reviewed or been subject to the review by the editorial board.en
dc.description本文ファイルを差し替え(2022-09-06)ja
dc.descriptionRevised in August 2022en
dc.description.abstractBasis risk --an imperfect correlation between an aggregate index and idiosyncratic damage-- is a major impediment to index insurance take-up in developing countries. However, empirical evidence is scarce because of the difficulty in its direct measurement. This study uses household panel data from rural Zambia to estimate the impact of spatial basis risk on demand for a rainfall index insurance contract. First, we develop a simple insurance demand model to motivate our econometric specifications. Then, we quantify the spatial basis risk for each household using past rainfall data at the plot level. Exploiting changes in insurance design across years, we use within-household variations in basis risk to identify its impact. The empirical results show that spatial basis risk suppresses insurance demand. Despite its statistical significance, our results also suggest that minimizing the spatial basis risk would not yield sufficient economic benefits to offset the associated costs. Overall, this study offers a general analysis framework for spatial basis risk, product basis risk, and index insurance demand.en
dc.language.isoeng-
dc.publisherDivision of Natural Resource Economics, Graduate School of Agriculture, Kyoto Universityen
dc.rightsAll rights are reserved by the authors.en
dc.subjectclimate risken
dc.subjectbasis risken
dc.subjectindex insuranceen
dc.subjectinsurance demanden
dc.subjectZambiaen
dc.subjectD81en
dc.subjectO12en
dc.subjectO16en
dc.subjectQ14en
dc.subject.ndc610-
dc.titleBasis Risk and Low Demand for Weather Index Insuranceen
dc.typeresearch report-
dc.type.niitypeResearch Paper-
dc.identifier.jtitleNRE-DP: Natural Resource Economics Discussion Papersen
dc.identifier.volume2021-02-
dc.identifier.spage1-
dc.identifier.epage49-
dc.textversionpublisher-
dc.sortkey02-
dc.addressUniversity of Göttingenen
dc.addressKyoto University; Corresponding author: Division of Natural Resource Economics, Graduate School of Agriculture, Kyoto Universityen
dc.addressUniversity of Tokyoen
dc.relation.urlhttps://www.reseco.kais.kyoto-u.ac.jp/introduction/archivements/-
dcterms.accessRightsopen access-
datacite.awardNumber22223003-
datacite.awardNumber22K14957-
datacite.awardNumber.urihttps://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-22223003/-
datacite.awardNumber.urihttps://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-22K14957/-
dc.identifier.jtitle-alternative生物資源経済学ディスカッションペーパーja
jpcoar.funderName日本学術振興会ja
jpcoar.funderName日本学術振興会ja
jpcoar.awardTitle途上国における貧困削減と制度・市場・政策:比較経済発展論の試みja
jpcoar.awardTitleアフリカにおける農業投入財の家計内誤配分のメカニズムの解明ja
Appears in Collections:NRE-DP: Natural Resource Economics Discussion Papers

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