Extreme weather and demand for index insurance in rural India

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Standard

Extreme weather and demand for index insurance in rural India. / Bjerge, Benedikte; Trifkovic, Neda.

I: European Review of Agricultural Economics, Bind 45, Nr. 3, 15.03.2018, s. 397-431.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Bjerge, B & Trifkovic, N 2018, 'Extreme weather and demand for index insurance in rural India', European Review of Agricultural Economics, bind 45, nr. 3, s. 397-431. https://doi.org/10.1093/erae/jbx037

APA

Bjerge, B., & Trifkovic, N. (2018). Extreme weather and demand for index insurance in rural India. European Review of Agricultural Economics, 45(3), 397-431. https://doi.org/10.1093/erae/jbx037

Vancouver

Bjerge B, Trifkovic N. Extreme weather and demand for index insurance in rural India. European Review of Agricultural Economics. 2018 mar. 15;45(3):397-431. https://doi.org/10.1093/erae/jbx037

Author

Bjerge, Benedikte ; Trifkovic, Neda. / Extreme weather and demand for index insurance in rural India. I: European Review of Agricultural Economics. 2018 ; Bind 45, Nr. 3. s. 397-431.

Bibtex

@article{99d6c9cd4d2048f6b6eea16861825c2e,
title = "Extreme weather and demand for index insurance in rural India",
abstract = "Index insurance appeared recently in developing countries with the expectation to improve agricultural output and living standards in general. We investigate how experiencing extreme weather events affects farmers{\textquoteright} decision to purchase index insurance in India. Extreme weather events are identified from historical precipitation data and matched with a randomised household panel. Excessive rainfall in previous years during the harvest increases the insurance demand, while lack of rainfall in the planting and growing periods has no effect. The latter can be explained by access to irrigation, underscoring the importance of the local context when developing insurance products to accommodate environmental risks.",
keywords = "extreme weather, index insurance, agricultural risk, India",
author = "Benedikte Bjerge and Neda Trifkovic",
year = "2018",
month = mar,
day = "15",
doi = "10.1093/erae/jbx037",
language = "English",
volume = "45",
pages = "397--431",
journal = "European Review of Agricultural Economics",
issn = "0165-1587",
publisher = "Oxford University Press",
number = "3",

}

RIS

TY - JOUR

T1 - Extreme weather and demand for index insurance in rural India

AU - Bjerge, Benedikte

AU - Trifkovic, Neda

PY - 2018/3/15

Y1 - 2018/3/15

N2 - Index insurance appeared recently in developing countries with the expectation to improve agricultural output and living standards in general. We investigate how experiencing extreme weather events affects farmers’ decision to purchase index insurance in India. Extreme weather events are identified from historical precipitation data and matched with a randomised household panel. Excessive rainfall in previous years during the harvest increases the insurance demand, while lack of rainfall in the planting and growing periods has no effect. The latter can be explained by access to irrigation, underscoring the importance of the local context when developing insurance products to accommodate environmental risks.

AB - Index insurance appeared recently in developing countries with the expectation to improve agricultural output and living standards in general. We investigate how experiencing extreme weather events affects farmers’ decision to purchase index insurance in India. Extreme weather events are identified from historical precipitation data and matched with a randomised household panel. Excessive rainfall in previous years during the harvest increases the insurance demand, while lack of rainfall in the planting and growing periods has no effect. The latter can be explained by access to irrigation, underscoring the importance of the local context when developing insurance products to accommodate environmental risks.

KW - extreme weather

KW - index insurance

KW - agricultural risk

KW - India

U2 - 10.1093/erae/jbx037

DO - 10.1093/erae/jbx037

M3 - Journal article

VL - 45

SP - 397

EP - 431

JO - European Review of Agricultural Economics

JF - European Review of Agricultural Economics

SN - 0165-1587

IS - 3

ER -

ID: 203776020