Agricultural Risk Management through Community-Based Wildlife Conservation in Rural Zimbabwe
AbstractThis paper investigates whether the risk faced by rural farmers in Zimbabwe could poten- tially be managed by using community-based wildlife conservation. Community-based wildlife conservation could be an additional asset in the rural farmers’ investment portfolio thereby potentially diversifying and consequently reducing the risk they face. Such investment could also help e¤orts to conserve wildlife. By making use of national historical data and statistical analysis, this paper …nds that community-based wildlife conservation is a feasible hedge asset for agricultural production in rural Zimbabwe. The bene…ts of diversi…cation into community-based wildlife conservation are likely to be high only in those rural areas that can sustain wildlife pop- ulations su¢cient to generate adequate returns from wildlife activities such as tourism, trophy hunting, live animal sales and meat cropping.
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Bibliographic InfoPaper provided by University of Gothenburg, Department of Economics in its series Working Papers in Economics with number 409.
Length: 15 pages
Date of creation: 03 Dec 2009
Date of revision:
Publication status: Published as Muchapondwa, Edwin and Thomas Sterner, 'Agricultural Risk Management through Community-Based Wildlife Conservation in Rural Zimbabwe' in Journal of Agribusiness in Developing and Emerging Economies, 2012, pages 41-56.
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Postal: Department of Economics, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG, Sweden
Phone: 031-773 10 00
Web page: http://www.handels.gu.se/econ/
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CAMPFIRE; diversi…cation; risk management; wildlife conservation; Zimbabwe;
Other versions of this item:
- Edwin Muchapondwa & Thomas Sterner, 2009. "Agricultural Risk Management through Community-Based Wildlife Conservation in Rural Zimbabwe," Working Papers 126, Economic Research Southern Africa.
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
- Q29 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Other
This paper has been announced in the following NEP Reports:
- NEP-AFR-2009-12-11 (Africa)
- NEP-AGR-2009-12-11 (Agricultural Economics)
- NEP-ALL-2009-12-11 (All new papers)
- NEP-ENV-2009-12-11 (Environmental Economics)
- NEP-RES-2009-12-11 (Resource Economics)
- NEP-TUR-2009-12-11 (Tourism Economics)
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- Vallino, Elena & Aldahsev,Gani, 2013. "NGOs and participatory conservation in developing countries: why are there inefficiencies?," Department of Economics and Statistics Cognetti de Martiis. Working Papers, University of Turin 201318, University of Turin.
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