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  Risk Management Among Rural Vietnamese Households
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 Ophav:
Østergaard Nielsen, Andreas1, Forfatter
Markussen, Thomas2, Vejleder
Tilknytninger:
1Det Samfundsvidenskabelige Fakultet, Københavns Universitet, København, Danmark, diskurs:7001              
2Økonomisk Institut, Det Samfundsvidenskabelige Fakultet, Københavns Universitet, København, Danmark, diskurs:7014              
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Indhold

Ukontrollerede emneord: Risk management, Risk coping, Diversification, Vietnam, Development
 Abstract: This thesis aims at determining the role of diversification strategies applied among rural Vietnamese households in order to reduce income risk when formal risk coping mechanisms are absent.
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Mime-type / størrelse:
application/pdf / 2MB
Copyright dato:
2011-10-20
Copyright information:
De fulde rettigheder til dette materiale tilhører forfatteren.
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Basal

Bogmærk denne post: https://diskurs.kb.dk/item/diskurs:12979:9
 Type: Speciale
Alternativ titel: The role of diversification strategies
Alternativ titel:  
Alternativ titel: en analyse af anvendte diversificeringsstrategier
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Detaljer

Sprog: English - eng
 Datoer: 2011-09-01
 Sider: -
 Publiceringsinfo: København : Københavns Universitet
 Indholdsfortegnelse: Contents
1 Introduction . 5
I Theory 10
2 Rural household economics 10
2.1 Agricultural Household Model 10
2.2 Risk coping mechanisms to smooth consumption 15
2.2.1 Insurance contracts 15
2.2.2 Savings and credit . 17
2.3 Risk management instruments to smooth income . 19
2.3.1 Diversification of income earning activities 20
2.3.2 Crop diversification 22
2.4 Summary 23
II Background: The case of Vietnam 25
3 Recent development in Vietnam . 25
4 Data . 26
4.1 The VARHS 26
4.2 Data cleaning steps 27
4.3 Variable definitions and descriptive statistics . 28
4.3.1 Measuring diversification 28
4.3.2 Variable definitions 29
4.4 Risks and risk coping . 32
4.5 Summary 37
III Empirical analysis 38
5 Determinants of diversification . 38
5.1 Modelling diversification 39
5.2 Results . 41
5.2.1 Estimation of degree of income source diversification . 41
5.2.2 Estimation of degree of diversification in agriculture . 44
5.3 Summary 47
6 A trade-off between risk and return . 47
6.1 Modelling return to household activities . 47
6.2 Results . 49
7 Shock exposure 51
7.1 Empirical model of shock exposure 52
7.2 Results . 55
8 Effectiveness of diversification . 57
8.1 Modelling consequences of shocks 58
8.1.1 Degree of recovery 58
8.1.2 Size of shock relative to total net income . 60
8.1.3 Sample selection and unobserved effects 60
8.2 Results . 61
8.2.1 Recovery regression 61
8.2.2 Shock size regression . 63
8.3 Summary 65
9 Summary of empirical results . 66
IV Discussion and Conclusion 69
10 Discussion 69
11 Conclusion . 73
References . 75
 Note: -
 Type: Speciale
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