Dynamic Savings Decisions in Agricultural Environments with Incomplete Markets
A 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.
(This abstract was borrowed from another version of this item.)
|Date of creation:|
|Date of revision:|
|Publication status:||published in Journal of Business and Economic Statistics 15:2 (April), 282-292.|
|Contact details of provider:|| Postal: 160 McNeil Building, 3718 Locust Walk, Philadelphia, PA 19104-6297|
Web page: http://www.econ.upenn.edu/
More information through EDIRC
References listed on IDEAS
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.:
- Behrman, Jere R. & Foster, Andrew D. & Rosenzweig, Mark R., 1997.
"The dynamics of agricultural production and the calorie-income relationship: Evidence from Pakistan,"
Journal of Econometrics,
Elsevier, vol. 77(1), pages 187-207, March.
- Jere Behrman & Mark Rosenzweig & Andrew D. Foster, . "The Dynamics of Agricultural Production and the Calorie-Income Relationship: Evidence from Pakistan," Home Pages _069, University of Pennsylvania.
- Chaudhuri, S. & Paxson, C., 1993. "Consumption Smoothing and Income Seasonality in Rural India," Papers 173, Princeton, Woodrow Wilson School - Development Studies.
- Alderman, Harold, 1996. "Saving and economic shocks in rural Pakistan," Journal of Development Economics, Elsevier, vol. 51(2), pages 343-365, December.
- Bhalla, Surjit S, 1979. "Measurement Errors and the Permanent Income Hypothesis: Evidence from Rural India," American Economic Review, American Economic Association, vol. 69(3), pages 295-307, June.
When requesting a correction, please mention this item's handle: RePEc:wop:pennhp:_067. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel)
If references are entirely missing, you can add them using this form.