“…Rural livelihood diversification in developing countries has become important for reducing risk and poverty and enhancing the well‐being of rural households. This subject has gained attention from researchers in recent years (Bernstein, Crow, & Johnson, ; Ellis, ; Fafchamps & Quisumbing, , ; Fafchamps & Shilpi, ; Haggblade, Hazell, & Brown, ; Micevska & Rahut, ; Rahut & Micevska Scharf, , ; Reardon, ; Reardon, Berdegué, & Escobar, ; Saith, ; von Braun & Pandya‐Lorch, ).…”