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Studying Farm Insurance Demand under Financial Constraints

Baráth, Lajos and Bokhuseva, Raushan and Fertő, Imre (2016) Studying Farm Insurance Demand under Financial Constraints. Műhelytanulmányok = Discussion Papers (MT-DP ). Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences, Budapest. ISBN 978-615-5594-63-2

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Abstract

We hypothesize a reciprocal causation between crop insurance use and the economic performance of farms in an environment characterized by imperfect financial markets and farms’ budget constraints. To test our hypothesis, we apply a system of simultaneous equations consisting of economic performance and insurance demand models to the cas e study of Hungarian cropping farms. In addition, considering that insured farms may have better access to external finance, we seek empirical evidence confirming a potential positive effect of crop insurance on the economic performance of financially cons trained farms. Our study results indeed confirm the reciprocal causation hypothesis.

Item Type: Book
Subjects: H Social Sciences / társadalomtudományok > HB Economic Theory / közgazdaságtudomány
SWORD Depositor: MTMT SWORD
Depositing User: MTMT SWORD
Date Deposited: 18 Aug 2016 13:56
Last Modified: 18 Aug 2016 13:56
URI: http://real.mtak.hu/id/eprint/38994

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