Dynamic Savings Decisions in Agricultural Environments with Incomplete Markets
AbstractA methodology is developed for examining savings behavior in rural areas of developing countries that explicitly incorporates the sequential decision process in agriculture. The approach is used to examine the relative importance of alternative forms of savings in the presence and absence of formal financial intermediaries. The authors' results, based on stage-specific panel data from Pakistan, provide evidence that the presence of financial intermediaries importantly influences the use of formal savings and transfers for income smoothing. They also find that there are significant biases in evaluations of the savings-income relationship that are inattentive to the within-year dynamics of agricultural production.
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Bibliographic InfoArticle provided by American Statistical Association in its journal Journal of Business and Economic Statistics.
Volume (Year): 15 (1997)
Issue (Month): 2 (April)
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Other versions of this item:
- Jere Behrman & Mark Rosenzweig & Andrew D. Foster, . "Dynamic Savings Decisions in Agricultural Environments with Incomplete Markets," Home Pages _067, University of Pennsylvania.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Chaudhuri, S. & Paxson, C., 1993. "Consumption Smoothing and Income Seasonality in Rural India," Papers 173, Princeton, Woodrow Wilson School - Development Studies.
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_069, University of Pennsylvania.
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"Financial Intermediation, Transfers and Commitment: Do Banks Crowd Out Private Insurance Arrangements in Low-Income Rural Areas?,"
_053, University of Pennsylvania.
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- Benjamin, Catherine & Phimister, Euan, 2001. "Imperfection du marché du capital et investissement des exploitations agricoles," L'Actualité Economique, Société Canadienne de Science Economique, vol. 77(3), pages 357-383, septembre.
- Alem, Yonas & Söderbom, Måns, 2012. "Household-Level Consumption in Urban Ethiopia: The Effects of a Large Food Price Shock," World Development, Elsevier, vol. 40(1), pages 146-162.
- Rong, Zhao, 2011. "Free riding and durable adoption: a test of color television consumption in rural China," MPRA Paper 33434, University Library of Munich, Germany.
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