The role of access to finance in disaster recovery: Evidence from coastal communities in India

IF 3.4 2区 经济学 Q1 AGRICULTURAL ECONOMICS & POLICY Journal of Agricultural Economics Pub Date : 2023-04-28 DOI:10.1111/1477-9552.12541
Marup Hossain, Tisorn Songsermsawas, Robinson H. Toguem
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Abstract

Natural disasters affect economic activities and welfare of small-scale producers in developing countries, but may also offer opportunities to reinvest in productive asset, economic capital, and new technologies for future economic prospects. This paper investigates the impacts of a livelihood recovery project that provided access to finance and rehabilitated communal infrastructures in the coastal communities of Tamil Nadu, India which were severely affected by the 2004 tsunami. We replicate the project's eligibility criteria to build the counterfactual to identify control households based on the validation of secondary data and administrative records. Using data from a carefully designed primary survey, we estimate the impacts of providing access to finance and rehabilitating communal infrastructures on economic and livelihood outcomes. Results indicate positive and significant impacts on income, asset and food security. These impacts are mainly driven by improved access to finance provided and participation in groups. Findings highlight the importance of ensuring access to finance for sustainable economic recovery among small-scale producers, particularly in the aftermath of natural disasters.

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获得资金在灾后恢复中的作用:印度沿海社区的证据
自然灾害会影响发展中国家小规模生产者的经济活动和福利,但也可能为未来的经济前景提供对生产性资产、经济资本和新技术进行再投资的机会。本文研究了一个生计恢复项目的影响,该项目为印度泰米尔纳德邦受 2004 年海啸严重影响的沿海社区提供了融资渠道,并修复了社区基础设施。我们复制了该项目的资格标准,以建立反事实,在验证二手数据和行政记录的基础上确定对照家庭。利用精心设计的初级调查数据,我们估算了提供融资渠道和恢复社区基础设施对经济和生计成果的影响。结果表明,这些措施对收入、资产和粮食安全产生了积极而重大的影响。这些影响主要是由于提供了更多的融资渠道和参与团体活动。研究结果凸显了确保小规模生产者获得资金以实现可持续经济复苏的重要性,尤其是在自然灾害发生后。
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来源期刊
Journal of Agricultural Economics
Journal of Agricultural Economics 管理科学-农业经济与政策
CiteScore
7.90
自引率
2.90%
发文量
48
审稿时长
>24 weeks
期刊介绍: Published on behalf of the Agricultural Economics Society, the Journal of Agricultural Economics is a leading international professional journal, providing a forum for research into agricultural economics and related disciplines such as statistics, marketing, business management, politics, history and sociology, and their application to issues in the agricultural, food, and related industries; rural communities, and the environment. Each issue of the JAE contains articles, notes and book reviews as well as information relating to the Agricultural Economics Society. Published 3 times a year, it is received by members and institutional subscribers in 69 countries. With contributions from leading international scholars, the JAE is a leading citation for agricultural economics and policy. Published articles either deal with new developments in research and methods of analysis, or apply existing methods and techniques to new problems and situations which are of general interest to the Journal’s international readership.
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