Rural Poverty, Risk and Development

Fafchamps, Marcel

doi:10.4337/9781781950685

Cited by 171 publications

(131 citation statements)

References 199 publications

(266 reference statements)

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“…Sen, 1981;Fafchamps, 2003). Drawing on annual data made publicly available by the United Nations Higher Commission for Refugees (UNHCR) from 1991 onwards, I find that this was indeed the case --drought increased the number of refugees in the country of origin by over 80 percent, significant at the 94 percent confidence level.…”

Section: Drought Population Size and Per Capita Gdpmentioning

confidence: 86%

“…A combination of government subsidies and unemployment insurances cushion the adverse effects of drought in economically developed countries, but these buffer mechanisms are either widely lacking in Sub-Saharan countries, or if present highly ineffective (Sen, 1981;Fafchamps, 2003). The impact of drought on poor, credit-constrained, African households is thus much more dramatic.…”

Section: Introductionmentioning

confidence: 99%

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Population Size and Civil Conflict Risk: Is there a Causal Link?

Brückner

2010

The Economic Journal

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Section: Drought Population Size and Per Capita Gdpmentioning

confidence: 86%

Section: Introductionmentioning

confidence: 99%

Population Size and Civil Conflict Risk: Is there a Causal Link?

Brückner

2010

The Economic Journal

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“…This study continues to investigate the precautionary saving motives by in- 18 The district dummy variables could also capture the supply aspects of the credit markets.…”

Section: Estimation Resultsmentioning

confidence: 99%

“…18 Since the overall uncertainty could affect the level of prudence, we control for aggregate risks by including district dummies.…”

Section: Estimation Resultsmentioning

confidence: 99%

Precautionary saving under liquidity constraints: Evidence from rural Pakistan

Lee

Sawada

2010

Journal of Development Economics

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This paper investigates precautionary saving under liquidity constraints in Pakistan using household panel data. In particular, while we estimates Kimball's (1990) prudence parameter, we deviate from Dynan's (1993) framework by explicitly considering liquidity constraints, as in Zeldes (1989). By doing so, we attempt to differentiate the standard precautionary saving caused by uncertainty from the one due to liquidity constraints.Furthermore, endogenous liquidity constraints are considered to resolve issues of selection biases. In this study, we document substantial evidence of the presence of precautionary saving in Pakistan. More specifically, the estimated prudence is significantly higher for liquidity-constrained households as compared with unconstrained ones. The results support the emerging view that facilitating saving may often be more important than finding better ways of lending to the poor.JEL Classification: E210, O120

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“…Fafchamps and Gubert (2005) and Udry (1994) identify in the inter-personal loan a form of risk-sharing. This occurs especially among individuals with less initial endowment and with a strong sense of community like in rural areas (Fafchamps 2003).…”

Section: Data and Descriptive Statisticsmentioning

confidence: 99%

Is Acting Prosocially Beneficial for the Credit Market?

Andriani

2014

Review of Social Economy

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This article argues that behaving prosocially implies more transparent information during the negotiation process of a financial contract and more cooperation among the parties to respect the terms of the contract. For this reason this work considers interest rate on loans and insolvency rate functions of prosocial behaviour along with the traditional socio-economic and financial collaterals. The context of study is Italy and the analysis is developed at a crossregional level. We collect data from the two reports on "Relatives and Safety Net" produced by the Italian Centre Bureau of Statistics (ISTAT) in 1998 and 2003 and from the reports on "Regional Economics" produced by the Bank of Italy in the same years. A two-period panel model shows two interesting outcomes. Firstly, regions with a higher proportion of prosocial individuals report lower interest rates on loans and insolvency rates. Secondly, when we include the efficiency of legal enforcement, evidence supports the idea that a more efficient legal framework can act as a more reliable transmission mechanism of institutional norms and facilitate the internalisation of social norms.

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Rural Poverty, Risk and Development

Cited by 171 publications

References 199 publications

Population Size and Civil Conflict Risk: Is there a Causal Link?

Population Size and Civil Conflict Risk: Is there a Causal Link?

Precautionary saving under liquidity constraints: Evidence from rural Pakistan

Is Acting Prosocially Beneficial for the Credit Market?

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