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Farm households production theories: a review of institutional and behavioural responses

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  • Mariapia MENDOLA

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Abstract

This paper presents a synthesis of the main theoretical and empirical contributions that analyse production choices of farm households living and operating in developing countries. The review is particularly concerned with recent micro-economic contributions that highlight the trade-off farm households typically face, between full-income risk and expected return, while making production decisions in a context of weak financial institutions in low-income settings. The same literature point out how weak institutions and farm households behavioural responses to risk-return trade-off may lead to situations of poverty traps

Suggested Citation

  • Mariapia MENDOLA, 2005. "Farm households production theories: a review of institutional and behavioural responses," Departmental Working Papers 2005-01, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
  • Handle: RePEc:mil:wpdepa:2005-01
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    File URL: http://wp.demm.unimi.it/files/wp/2005/DEMM-2005_001wp.pdf
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    References listed on IDEAS

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    Cited by:

    1. Briones, Roehlano M., 2009. "Agricultural Diversification and the Fruits and Vegetables Subsector: Policy Issues and Development Constraints in the Philippines," Discussion Papers DP 2009-02, Philippine Institute for Development Studies.
    2. Mariapia Mendola, 2004. "Migration and Technological Change in Rural Households: Complements or Substitutes?," Development Working Papers 195, Centro Studi Luca d'Agliano, University of Milano.
    3. Nyangena, Wilfred & Juma, Ogada Maurice, 2014. "Impact of Improved Farm Technologies on Yields: The Case of Improved Maize Varieties and Inorganic Fertilizer in Kenya," Discussion Papers dp-14-02-efd, Resources For the Future.

    More about this item

    Keywords

    Farm Households; Production Choices; Income Smoothing; Poverty;

    JEL classification:

    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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