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Agricultural Risk Management through Community-Based Wildlife Conservation in Rural Zimbabwe

Author

Listed:
  • Muchapondwa, Edwin

    () (School of Economics, University of Cape Town)

  • Sterner, Thomas

    () (Department of Economics, School of Business, Economics and Law, Göteborg University)

Abstract

This 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.

Suggested Citation

  • Muchapondwa, Edwin & Sterner, Thomas, 2009. "Agricultural Risk Management through Community-Based Wildlife Conservation in Rural Zimbabwe," Working Papers in Economics 409, University of Gothenburg, Department of Economics.
  • Handle: RePEc:hhs:gunwpe:0409
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    File URL: http://hdl.handle.net/2077/21505
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    References listed on IDEAS

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    Cited by:

    1. 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 201318, University of Turin.

    More about this item

    Keywords

    CAMPFIRE; diversi…cation; risk management; wildlife conservation; Zimbabwe;

    JEL classification:

    • 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

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