首页 > 最新文献

Journal of African Economies最新文献

英文 中文
Price Transmission in Conflict-Affected States: Evidence from Cereal Markets of Somalia 受冲突影响国家的价格传导:来自索马里谷物市场的证据
IF 1.6 3区 经济学 Q3 ECONOMICS Pub Date : 2021-06-15 DOI: 10.1093/jae/ejab012
Justin V. Hastings, Sarah G. Phillips, David Ubilava, A. Vasnev
How integrated are agricultural markets in conflict-affected states? We answer this question by examining the dynamics of monthly price series of rice, maize and sorghum across eleven cities (markets) of Somalia. Using conflict as a source of transaction costs between spatially connected markets, we examine its role in price transmission between the markets in a panel smooth transition regression framework. We find that in the case of rice—an imported cereal grain—conflict tends to reduce the speed of price transmission between markets. By contrast, we find no evidence of conflict-related transaction costs in the case of maize and sorghum—commodities that are locally produced, particularly in the central and southern parts of Somalia. In all instances, we find that there is some degree of spatial integration among cereal markets around the country, perhaps partly due to informal institutions that can bridge the divides created by conflict, distance and internal political fragmentation. These findings add crucial detail to the literature concerned with the role of commodity prices on poverty and food security in conflict-affected states.
受冲突影响国家的农业市场一体化程度如何?我们通过研究索马里11个城市(市场)大米、玉米和高粱的月度价格序列动态来回答这个问题。利用冲突作为空间连接市场之间交易成本的来源,我们在面板平滑过渡回归框架中研究了冲突在市场之间价格传导中的作用。我们发现,以大米(一种进口谷物)为例,冲突往往会降低市场之间价格传递的速度。相比之下,我们没有发现与冲突有关的交易成本存在于当地生产的玉米和高粱商品中,特别是在索马里中部和南部地区。在所有情况下,我们发现全国各地的谷物市场之间存在一定程度的空间整合,部分原因可能是可以弥合冲突、距离和内部政治分裂造成的鸿沟的非正式制度。这些发现为有关商品价格对受冲突影响国家的贫困和粮食安全的作用的文献提供了至关重要的细节。
{"title":"Price Transmission in Conflict-Affected States: Evidence from Cereal Markets of Somalia","authors":"Justin V. Hastings, Sarah G. Phillips, David Ubilava, A. Vasnev","doi":"10.1093/jae/ejab012","DOIUrl":"https://doi.org/10.1093/jae/ejab012","url":null,"abstract":"\u0000 How integrated are agricultural markets in conflict-affected states? We answer this question by examining the dynamics of monthly price series of rice, maize and sorghum across eleven cities (markets) of Somalia. Using conflict as a source of transaction costs between spatially connected markets, we examine its role in price transmission between the markets in a panel smooth transition regression framework. We find that in the case of rice—an imported cereal grain—conflict tends to reduce the speed of price transmission between markets. By contrast, we find no evidence of conflict-related transaction costs in the case of maize and sorghum—commodities that are locally produced, particularly in the central and southern parts of Somalia. In all instances, we find that there is some degree of spatial integration among cereal markets around the country, perhaps partly due to informal institutions that can bridge the divides created by conflict, distance and internal political fragmentation. These findings add crucial detail to the literature concerned with the role of commodity prices on poverty and food security in conflict-affected states.","PeriodicalId":51524,"journal":{"name":"Journal of African Economies","volume":"1 1","pages":""},"PeriodicalIF":1.6,"publicationDate":"2021-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"60897310","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 9
Polarisation and Poverty Reduction in Africa: The Devil Is in the Choice of Equivalence Relation 非洲的两极分化与减贫:魔鬼在对等关系的选择中
IF 1.6 3区 经济学 Q3 ECONOMICS Pub Date : 2021-05-25 DOI: 10.1093/JAE/EJAB009
Fraser C. Partridge
The focus of this paper is the low observed mean consumption elasticity of poverty in Africa, and the suggestion that polarisation of national distributions, specifically the non-parametric ‘relative distribution’ method, is essential to understand the low regional elasticity. The version of the methodology adopted results in a measure of absolute polarisation. We show that the results obtained for 24 countries in the region are entirely a product of this choice, and while preference for translation invariance is a normative matter, claims regarding changes in distributions are not. There is no evidence of distributional changes unaccounted for by standard measures of inequality and mean consumption. These variables also explain the evolution of poverty levels in the 24-country sample. Given that changes in mean consumption and inequality account for both the changes in the chosen measure of polarisation and the evolution of poverty, there is no distinct role for the chosen measure of polarisation in accounting for the evolution of poverty in the region.
本文的重点是观察到非洲贫困的低平均消费弹性,并建议国家分布的两极分化,特别是非参数“相对分布”方法,对于理解低区域弹性至关重要。所采用的方法的版本产生了绝对极化的测量。我们表明,该地区24个国家获得的结果完全是这种选择的产物,而对翻译不变性的偏好是一种规范问题,而关于分布变化的主张则不是。没有证据表明,不平等和平均消费的标准衡量方法无法解释分配变化。这些变量也解释了24个国家样本中贫困水平的演变。鉴于平均消费和不平等的变化既可以解释所选择的两极分化衡量标准的变化,也可以解释贫困的演变,因此所选择的两极分化衡量标准在解释该区域贫困的演变方面没有明显的作用。
{"title":"Polarisation and Poverty Reduction in Africa: The Devil Is in the Choice of Equivalence Relation","authors":"Fraser C. Partridge","doi":"10.1093/JAE/EJAB009","DOIUrl":"https://doi.org/10.1093/JAE/EJAB009","url":null,"abstract":"\u0000 The focus of this paper is the low observed mean consumption elasticity of poverty in Africa, and the suggestion that polarisation of national distributions, specifically the non-parametric ‘relative distribution’ method, is essential to understand the low regional elasticity. The version of the methodology adopted results in a measure of absolute polarisation. We show that the results obtained for 24 countries in the region are entirely a product of this choice, and while preference for translation invariance is a normative matter, claims regarding changes in distributions are not. There is no evidence of distributional changes unaccounted for by standard measures of inequality and mean consumption. These variables also explain the evolution of poverty levels in the 24-country sample. Given that changes in mean consumption and inequality account for both the changes in the chosen measure of polarisation and the evolution of poverty, there is no distinct role for the chosen measure of polarisation in accounting for the evolution of poverty in the region.","PeriodicalId":51524,"journal":{"name":"Journal of African Economies","volume":" ","pages":""},"PeriodicalIF":1.6,"publicationDate":"2021-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46701755","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
International Child Sponsorship Improves School Performance: Evidence from Goma (DRC) 国际儿童赞助改善学校表现:来自刚果民主共和国戈马的证据
IF 1.6 3区 经济学 Q3 ECONOMICS Pub Date : 2021-05-06 DOI: 10.1093/JAE/EJAB007
D. Rossignoli, Mario A. Maggioni, Sara Balestri, Simona Beretta
This paper provides new evidence on the effect of an International Child Support (ICS) program, implemented in ten primary schools located in the outskirts of Goma (Congo, DR), on school performances. Using original micro data in a sample of 309 children (121 treated and 188 control), we explore whether the ICS program impacts on a broad set of alternative educational outcomes - namely, performance scores in 4 different subjects (plus total score), failure rates and school drop-out rates - through a Difference-in-Differences approach. The results show that sponsored children report lower drop-out rates and failure rates with respect to their control peers and, while lagging behind before the program started, in two school years they catch-up in all subjects. Results are robust to the implementation of Coarsened Exact Matching that exploits the structure of the data to produce unbiased estimates along with bounded ex-post balancing.
本文提供了新的证据,证明在刚果(金)戈马郊区的10所小学实施的国际儿童抚养(ICS)项目对学校绩效的影响。利用309名儿童样本的原始微观数据(121名治疗组和188名对照组),我们通过差异中的差异方法探讨了ICS计划是否影响了广泛的替代教育成果-即4个不同科目的表现分数(加上总分),不合格率和辍学率。结果显示,与对照组孩子相比,被资助孩子的辍学率和不及格率较低,虽然在项目开始前落后,但在两个学年里,他们在所有科目上都迎头赶上。结果对粗化精确匹配的实现具有鲁棒性,粗化精确匹配利用数据的结构产生无偏估计以及有界事后平衡。
{"title":"International Child Sponsorship Improves School Performance: Evidence from Goma (DRC)","authors":"D. Rossignoli, Mario A. Maggioni, Sara Balestri, Simona Beretta","doi":"10.1093/JAE/EJAB007","DOIUrl":"https://doi.org/10.1093/JAE/EJAB007","url":null,"abstract":"This paper provides new evidence on the effect of an International Child Support (ICS) program, implemented in ten primary schools located in the outskirts of Goma (Congo, DR), on school performances. Using original micro data in a sample of 309 children (121 treated and 188 control), we explore whether the ICS program impacts on a broad set of alternative educational outcomes - namely, performance scores in 4 different subjects (plus total score), failure rates and school drop-out rates - through a Difference-in-Differences approach. The results show that sponsored children report lower drop-out rates and failure rates with respect to their control peers and, while lagging behind before the program started, in two school years they catch-up in all subjects. Results are robust to the implementation of Coarsened Exact Matching that exploits the structure of the data to produce unbiased estimates along with bounded ex-post balancing.","PeriodicalId":51524,"journal":{"name":"Journal of African Economies","volume":"1 1","pages":"1-26"},"PeriodicalIF":1.6,"publicationDate":"2021-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48035537","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Does Experiencing International Research Collaboration Permanently Affect the Impact of Scientific Production? Evidence from Africa 经历国际研究合作是否会永久影响科学生产?来自非洲的证据
IF 1.6 3区 经济学 Q3 ECONOMICS Pub Date : 2021-05-04 DOI: 10.1093/JAE/EJAB008
Seyed Reza Mirnezami, C. Beaudry
This paper examines the effect of experiencing a research collaboration between African scientists and their international partners on the African scientists’ research impact, measured by scores based on the number of citations and journal impact factor. Using a difference-in-difference regression analysis on publication data of African scientists, the results show that international research collaboration in a given year has a positive and significant effect on research impact, which lasts in the subsequent years. The presence of such permanent effect suggests a sort of ‘permanent learning by international collaboration’. The positive effect of international collaboration on research impact, however, does not necessarily imply that the scientists with only local research collaboration are lesser scientists.
本文考察了非洲科学家与其国际合作伙伴之间的研究合作对非洲科学家研究影响的影响,通过基于引用次数和期刊影响因子的分数来衡量。对非洲科学家的发表数据进行差分回归分析,结果表明,某一年的国际研究合作对研究影响产生了积极而显著的影响,这种影响将持续到随后的几年。这种永久性影响的存在表明了一种“通过国际合作进行永久性学习”。然而,国际合作对研究影响的积极影响并不一定意味着只有地方研究合作的科学家是较差的科学家。
{"title":"Does Experiencing International Research Collaboration Permanently Affect the Impact of Scientific Production? Evidence from Africa","authors":"Seyed Reza Mirnezami, C. Beaudry","doi":"10.1093/JAE/EJAB008","DOIUrl":"https://doi.org/10.1093/JAE/EJAB008","url":null,"abstract":"\u0000 This paper examines the effect of experiencing a research collaboration between African scientists and their international partners on the African scientists’ research impact, measured by scores based on the number of citations and journal impact factor. Using a difference-in-difference regression analysis on publication data of African scientists, the results show that international research collaboration in a given year has a positive and significant effect on research impact, which lasts in the subsequent years. The presence of such permanent effect suggests a sort of ‘permanent learning by international collaboration’. The positive effect of international collaboration on research impact, however, does not necessarily imply that the scientists with only local research collaboration are lesser scientists.","PeriodicalId":51524,"journal":{"name":"Journal of African Economies","volume":" ","pages":""},"PeriodicalIF":1.6,"publicationDate":"2021-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41735077","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Are We Really Painting the Devil on the Walls? Polarization and its Drivers in Sub-Saharan Africa in the Past Two Decades 我们真的在墙上画魔鬼吗?撒哈拉以南非洲过去二十年的两极分化及其驱动因素
IF 1.6 3区 经济学 Q3 ECONOMICS Pub Date : 2021-05-03 DOI: 10.1093/JAE/EJAB006
F. Clementi, Michele Fabiani, Vasco Molini, Rocco Zizzamia
The development path of Sub-Saharan Africa (SSA) over the past two decades has been characterized by sluggish poverty reduction occurring alongside robust economic growth. Applying polarization measures to comparable survey data from 24 SSA countries, we find that there has been a generalizable increase in polarization over the past two decades—and in particular, an increased concentration of households in the lower tail of the welfare distribution of SSA countries. The polarization process is further analyzed by identifying the main drivers and singling out the effect of different covariates at different points in the consumption distribution. This investigation reveals that the drivers of polarization are relatively similar across SSA: demographic, urban/rural, regional variables and access to basic infrastructure are found to be the most important drivers of polarization in many countries.
撒哈拉以南非洲在过去二十年的发展道路上,减贫缓慢,经济增长强劲。将两极分化衡量标准应用于24个SSA国家的可比调查数据,我们发现在过去20年中,两极分化普遍增加,特别是SSA国家福利分配的下尾部家庭越来越集中。通过识别主要驱动因素并挑出消费分布中不同点的不同协变量的影响,进一步分析了极化过程。这项调查表明,SSA的两极分化驱动因素相对相似:人口、城市/农村、区域变量和获得基本基础设施的机会被发现是许多国家两极分化的最重要驱动因素。
{"title":"Are We Really Painting the Devil on the Walls? Polarization and its Drivers in Sub-Saharan Africa in the Past Two Decades","authors":"F. Clementi, Michele Fabiani, Vasco Molini, Rocco Zizzamia","doi":"10.1093/JAE/EJAB006","DOIUrl":"https://doi.org/10.1093/JAE/EJAB006","url":null,"abstract":"\u0000 The development path of Sub-Saharan Africa (SSA) over the past two decades has been characterized by sluggish poverty reduction occurring alongside robust economic growth. Applying polarization measures to comparable survey data from 24 SSA countries, we find that there has been a generalizable increase in polarization over the past two decades—and in particular, an increased concentration of households in the lower tail of the welfare distribution of SSA countries. The polarization process is further analyzed by identifying the main drivers and singling out the effect of different covariates at different points in the consumption distribution. This investigation reveals that the drivers of polarization are relatively similar across SSA: demographic, urban/rural, regional variables and access to basic infrastructure are found to be the most important drivers of polarization in many countries.","PeriodicalId":51524,"journal":{"name":"Journal of African Economies","volume":" ","pages":""},"PeriodicalIF":1.6,"publicationDate":"2021-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1093/JAE/EJAB006","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44632641","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Trade Tax Evasion and the Tax Rate: Evidence from Transaction-level Trade Data 贸易逃税与税率:来自交易层面贸易数据的证据
IF 1.6 3区 经济学 Q3 ECONOMICS Pub Date : 2021-03-31 DOI: 10.1093/JAE/EJAB005
A. Mengistu, K. G. Molla, G. Mascagni
This paper explores the relationship between tax rates and tax evasion in a low-income country context: Ethiopia. By using transaction-level administrative trade data, we are able to provide an analysis that is largely comparable with the rest of the literature while also introducing two important innovations. First, we compare the elasticity of evasion to statutory tax rates and effective tax rates (ETRs). Most studies in the literature so far focused on the former. We show that ETRs are the most relevant parameter to explain evasion in contexts where exemptions are widespread, which results in a large divergence between ETRs and the statutory rates set out in the law. Second, we account for trade costs more precisely than the previous literature by adjusting the trade gap rather than controlling for proxies. We argue that this new approach to accounting for trade costs is superior to those previously adopted in the literature.
本文探讨了低收入国家埃塞俄比亚的税率与逃税之间的关系。通过使用交易级别的行政贸易数据,我们能够提供与其他文献基本可比的分析,同时还介绍了两个重要的创新。首先,我们将逃税的弹性与法定税率和有效税率进行了比较。迄今为止,文献中的大多数研究都集中在前者。我们表明,在豁免普遍存在的情况下,ETR是解释规避行为的最相关参数,这导致ETR与法律规定的法定利率之间存在很大差异。其次,我们通过调整贸易差额而不是控制代理,比以前的文献更准确地解释了贸易成本。我们认为,这种新的贸易成本核算方法优于文献中以前采用的方法。
{"title":"Trade Tax Evasion and the Tax Rate: Evidence from Transaction-level Trade Data","authors":"A. Mengistu, K. G. Molla, G. Mascagni","doi":"10.1093/JAE/EJAB005","DOIUrl":"https://doi.org/10.1093/JAE/EJAB005","url":null,"abstract":"\u0000 This paper explores the relationship between tax rates and tax evasion in a low-income country context: Ethiopia. By using transaction-level administrative trade data, we are able to provide an analysis that is largely comparable with the rest of the literature while also introducing two important innovations. First, we compare the elasticity of evasion to statutory tax rates and effective tax rates (ETRs). Most studies in the literature so far focused on the former. We show that ETRs are the most relevant parameter to explain evasion in contexts where exemptions are widespread, which results in a large divergence between ETRs and the statutory rates set out in the law. Second, we account for trade costs more precisely than the previous literature by adjusting the trade gap rather than controlling for proxies. We argue that this new approach to accounting for trade costs is superior to those previously adopted in the literature.","PeriodicalId":51524,"journal":{"name":"Journal of African Economies","volume":" ","pages":""},"PeriodicalIF":1.6,"publicationDate":"2021-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1093/JAE/EJAB005","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41431122","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
Africa's Latent Assets 非洲的潜在资产
IF 1.6 3区 经济学 Q3 ECONOMICS Pub Date : 2021-03-29 DOI: 10.3386/W28603
Soeren J. Henn, James A. Robinson
Despite the past centuries' economic setbacks and challenges, are there reasons for optimism about Africa's economic prospects? We provide a conceptual framework and empirical evidence that show how the nature of African society has led to three sets of unrecognised ‘latent assets.’ First, success in African society is talent driven and Africa has experienced high levels of perceived and actual social mobility. A society where talented individuals rise to the top and optimism prevails is an excellent basis for entrepreneurship and innovation. Second, Africans, like westerners who built the world's most successful effective states, are highly sceptical of authority and attuned to the abuse of power. We argue that these attitudes can be a critical basis for building better institutions. Third, Africa is ‘cosmopolitan.’ Africans are the most multilingual people in the world, have high levels of religious tolerance and are welcoming to strangers. The experience of navigating cultural and linguistic diversity sets Africans up for success in a globalised world.
尽管过去几个世纪的经济经历了挫折和挑战,但有理由对非洲的经济前景感到乐观吗?我们提供了一个概念框架和经验证据,表明非洲社会的性质如何导致了三组未被承认的“潜在资产”首先,非洲社会的成功是由人才驱动的,非洲经历了高度的感知和实际社会流动。一个有才华的人脱颖而出、乐观主义盛行的社会是创业和创新的良好基础。其次,非洲人和建立世界上最成功、最有效的国家的西方人一样,对权威持高度怀疑态度,并习惯于滥用权力。我们认为,这些态度可以成为建立更好机构的重要基础。第三,非洲是“世界性的”非洲人是世界上讲多种语言最多的人,宗教宽容度很高,欢迎陌生人。驾驭文化和语言多样性的经验为非洲人在全球化世界中取得成功奠定了基础。
{"title":"Africa's Latent Assets","authors":"Soeren J. Henn, James A. Robinson","doi":"10.3386/W28603","DOIUrl":"https://doi.org/10.3386/W28603","url":null,"abstract":"\u0000 Despite the past centuries' economic setbacks and challenges, are there reasons for optimism about Africa's economic prospects? We provide a conceptual framework and empirical evidence that show how the nature of African society has led to three sets of unrecognised ‘latent assets.’ First, success in African society is talent driven and Africa has experienced high levels of perceived and actual social mobility. A society where talented individuals rise to the top and optimism prevails is an excellent basis for entrepreneurship and innovation. Second, Africans, like westerners who built the world's most successful effective states, are highly sceptical of authority and attuned to the abuse of power. We argue that these attitudes can be a critical basis for building better institutions. Third, Africa is ‘cosmopolitan.’ Africans are the most multilingual people in the world, have high levels of religious tolerance and are welcoming to strangers. The experience of navigating cultural and linguistic diversity sets Africans up for success in a globalised world.","PeriodicalId":51524,"journal":{"name":"Journal of African Economies","volume":" ","pages":""},"PeriodicalIF":1.6,"publicationDate":"2021-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45800800","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 11
Impact of Index Insurance on Moral Hazard in the Agricultural Credit Market: Theory and Evidence from Ghana 指数保险对农业信贷市场道德风险的影响:来自加纳的理论和证据
IF 1.6 3区 经济学 Q3 ECONOMICS Pub Date : 2021-03-03 DOI: 10.1093/JAFECO/EJAB003
John P. Dougherty, Richard A. Gallenstein, K. Mishra
Recent research suggests that coupling microfinance loans with an index insurance policy may be a cost-effective way to expand credit market access to smallholder farmers in developing countries. Index insurance can increase demand for credit and encourage increased supply of credit by protecting borrowers and lenders from covariate production shocks that discourage credit market expansion. In this paper, we propose that index insurance, when bundled with credit, may also reduce a different barrier to credit market access: high transaction costs caused by moral hazard in the credit market. We develop a theoretical model of a competitive credit market with moral hazard. In this market, lenders use either dynamic incentives or collateral to mitigate the moral hazard problem. The model shows that index insurance bundled with loan contracts can reduce moral hazard and increase borrower welfare. We then test the model and find some empirical support using a subset of data from a randomised control trial in northern Ghana.
最近的研究表明,将小额信贷与指数保险政策相结合,可能是扩大发展中国家小农户信贷市场准入的一种具有成本效益的方式。指数保险可以通过保护借款人和贷款人免受阻碍信贷市场扩张的协变量生产冲击,增加信贷需求,鼓励增加信贷供应。在本文中,我们提出,指数保险与信贷捆绑在一起,也可能减少信贷市场准入的另一个障碍:信贷市场中道德风险导致的高交易成本。我们建立了一个具有道德风险的竞争性信贷市场的理论模型。在这个市场中,贷款人使用动态激励或抵押品来缓解道德风险问题。该模型表明,与贷款合同捆绑的指数保险可以减少道德风险,提高借款人福利。然后,我们使用加纳北部一项随机对照试验的数据子集对模型进行了测试,并找到了一些实证支持。
{"title":"Impact of Index Insurance on Moral Hazard in the Agricultural Credit Market: Theory and Evidence from Ghana","authors":"John P. Dougherty, Richard A. Gallenstein, K. Mishra","doi":"10.1093/JAFECO/EJAB003","DOIUrl":"https://doi.org/10.1093/JAFECO/EJAB003","url":null,"abstract":"\u0000 Recent research suggests that coupling microfinance loans with an index insurance policy may be a cost-effective way to expand credit market access to smallholder farmers in developing countries. Index insurance can increase demand for credit and encourage increased supply of credit by protecting borrowers and lenders from covariate production shocks that discourage credit market expansion. In this paper, we propose that index insurance, when bundled with credit, may also reduce a different barrier to credit market access: high transaction costs caused by moral hazard in the credit market. We develop a theoretical model of a competitive credit market with moral hazard. In this market, lenders use either dynamic incentives or collateral to mitigate the moral hazard problem. The model shows that index insurance bundled with loan contracts can reduce moral hazard and increase borrower welfare. We then test the model and find some empirical support using a subset of data from a randomised control trial in northern Ghana.","PeriodicalId":51524,"journal":{"name":"Journal of African Economies","volume":" ","pages":""},"PeriodicalIF":1.6,"publicationDate":"2021-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1093/JAFECO/EJAB003","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47288028","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Estimating Demand for Third-party Quality Testing in Rural Grain Markets: Evidence from an Experimental Auction for Measuring Moisture Content in Kenya 估计农村粮食市场对第三方质量检测的需求:来自肯尼亚测量水分含量的实验拍卖的证据
IF 1.6 3区 经济学 Q3 ECONOMICS Pub Date : 2021-03-02 DOI: 10.1093/JAE/EJAB002
A. Fuller, Jacob Ricker-Gilbert
Traders in informal grain markets often lack incentives to sell grain dried to a moisture level that is safe for storage, due to weak regulations and lack of low-cost moisture testing technologies. This study estimated the demand for a third-party moisture testing service in western Kenya that can encourage safe drying and reduce asymmetric information between buyers and sellers. We utilised a Becker–DeGroot–Marschak (BDM) auction to obtain maize traders’ willingness to pay (WTP) for the moisture testing service and compared it with two alternative multiple price list (MPL) mechanisms for eliciting WTP. Traders had the opportunity to bid on the testing service with two different moisture metres. The first was a low-cost hygrometer that measures temperature and relative humidity and costs about $2.50. The second was a commercial moisture metre that costs $170 in USA but provides a more precise reading. Results suggest that the standard BDM auction and both MPL variants produced similar estimates of demand for our moisture testing service. On average, traders were willing to pay $0.28 to have their maize tested with the hygrometer and $0.39 with the moisture metre. An additional take-it-or-leave-it auction for the hygrometer itself revealed that traders were not sensitive to price changes around market price, although only 15% of the traders purchased the device. A service provider model using either device could be a way to make moisture testing accessible in rural grain markets in the absence of a supply chain that sells these devices directly.
由于监管不力和缺乏低成本的水分测试技术,非正规粮食市场的贸易商往往缺乏动力来销售干燥到可以安全储存的水分水平的粮食。这项研究估计了肯尼亚西部对第三方水分检测服务的需求,该服务可以鼓励安全干燥,减少买卖双方之间的信息不对称。我们利用Becker–DeGroot–Marschak(BDM)拍卖来获得玉米贸易商对水分测试服务的支付意愿(WTP),并将其与两种可供选择的多重价目表(MPL)机制进行比较,以获得WTP。贸易商有机会对两种不同湿度计的测试服务进行投标。第一种是一种低成本的湿度计,可以测量温度和相对湿度,价格约为2.50美元。第二种是商业湿度计,在美国售价170美元,但读数更精确。结果表明,标准BDM拍卖和两种MPL变体对我们的水分测试服务的需求产生了类似的估计。平均而言,贸易商愿意支付0.28美元用湿度计测试玉米,支付0.39美元用湿度仪测试玉米。湿度计本身的另一次“要么接受,要么放弃”拍卖显示,尽管只有15%的交易员购买了该设备,但交易员对市场价格的变化并不敏感。在没有直接销售这些设备的供应链的情况下,使用这两种设备的服务提供商模式可能是在农村粮食市场进行水分测试的一种方式。
{"title":"Estimating Demand for Third-party Quality Testing in Rural Grain Markets: Evidence from an Experimental Auction for Measuring Moisture Content in Kenya","authors":"A. Fuller, Jacob Ricker-Gilbert","doi":"10.1093/JAE/EJAB002","DOIUrl":"https://doi.org/10.1093/JAE/EJAB002","url":null,"abstract":"\u0000 Traders in informal grain markets often lack incentives to sell grain dried to a moisture level that is safe for storage, due to weak regulations and lack of low-cost moisture testing technologies. This study estimated the demand for a third-party moisture testing service in western Kenya that can encourage safe drying and reduce asymmetric information between buyers and sellers. We utilised a Becker–DeGroot–Marschak (BDM) auction to obtain maize traders’ willingness to pay (WTP) for the moisture testing service and compared it with two alternative multiple price list (MPL) mechanisms for eliciting WTP. Traders had the opportunity to bid on the testing service with two different moisture metres. The first was a low-cost hygrometer that measures temperature and relative humidity and costs about $2.50. The second was a commercial moisture metre that costs $170 in USA but provides a more precise reading. Results suggest that the standard BDM auction and both MPL variants produced similar estimates of demand for our moisture testing service. On average, traders were willing to pay $0.28 to have their maize tested with the hygrometer and $0.39 with the moisture metre. An additional take-it-or-leave-it auction for the hygrometer itself revealed that traders were not sensitive to price changes around market price, although only 15% of the traders purchased the device. A service provider model using either device could be a way to make moisture testing accessible in rural grain markets in the absence of a supply chain that sells these devices directly.","PeriodicalId":51524,"journal":{"name":"Journal of African Economies","volume":" ","pages":""},"PeriodicalIF":1.6,"publicationDate":"2021-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44286622","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
What Factors Drive Transport and Logistics Costs in Africa? 驱动非洲运输和物流成本的因素是什么?
IF 1.6 3区 经济学 Q3 ECONOMICS Pub Date : 2021-02-19 DOI: 10.1093/JAE/EJAA019
P. Plane
We analyze the domestic transport and logistics costs of importing a 20-foot container into Africa. We run regressions on a panel of 50 African countries for the period 2006–2014 using the RE-2SLS estimator. Distance from port of arrival to the point of delivery is an important explanatory factor of cost. Time-varying variables yield additional and valuable information. Reducing processing times and adjusting the ratio of the purchasing power parity conversion factor to the market exchange rate would contribute to save on the cost to import.
我们分析了将一个20英尺集装箱进口到非洲的国内运输和物流成本。我们使用RE-2SLS估计量对2006-2014年期间的50个非洲国家进行了回归分析。从到达港到交货点的距离是成本的一个重要解释因素。随时间变化的变量会产生额外且有价值的信息。减少加工时间和调整购买力平价换算系数与市场汇率的比率将有助于节省进口成本。
{"title":"What Factors Drive Transport and Logistics Costs in Africa?","authors":"P. Plane","doi":"10.1093/JAE/EJAA019","DOIUrl":"https://doi.org/10.1093/JAE/EJAA019","url":null,"abstract":"\u0000 We analyze the domestic transport and logistics costs of importing a 20-foot container into Africa. We run regressions on a panel of 50 African countries for the period 2006–2014 using the RE-2SLS estimator. Distance from port of arrival to the point of delivery is an important explanatory factor of cost. Time-varying variables yield additional and valuable information. Reducing processing times and adjusting the ratio of the purchasing power parity conversion factor to the market exchange rate would contribute to save on the cost to import.","PeriodicalId":51524,"journal":{"name":"Journal of African Economies","volume":" ","pages":""},"PeriodicalIF":1.6,"publicationDate":"2021-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45780305","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
期刊
Journal of African Economies
全部 Acc. Chem. Res. ACS Applied Bio Materials ACS Appl. Electron. Mater. ACS Appl. Energy Mater. ACS Appl. Mater. Interfaces ACS Appl. Nano Mater. ACS Appl. Polym. Mater. ACS BIOMATER-SCI ENG ACS Catal. ACS Cent. Sci. ACS Chem. Biol. ACS Chemical Health & Safety ACS Chem. Neurosci. ACS Comb. Sci. ACS Earth Space Chem. ACS Energy Lett. ACS Infect. Dis. ACS Macro Lett. ACS Mater. Lett. ACS Med. Chem. Lett. ACS Nano ACS Omega ACS Photonics ACS Sens. ACS Sustainable Chem. Eng. ACS Synth. Biol. Anal. Chem. BIOCHEMISTRY-US Bioconjugate Chem. BIOMACROMOLECULES Chem. Res. Toxicol. Chem. Rev. Chem. Mater. CRYST GROWTH DES ENERG FUEL Environ. Sci. Technol. Environ. Sci. Technol. Lett. Eur. J. Inorg. Chem. IND ENG CHEM RES Inorg. Chem. J. Agric. Food. Chem. J. Chem. Eng. Data J. Chem. Educ. J. Chem. Inf. Model. J. Chem. Theory Comput. J. Med. Chem. J. Nat. Prod. J PROTEOME RES J. Am. Chem. Soc. LANGMUIR MACROMOLECULES Mol. Pharmaceutics Nano Lett. Org. Lett. ORG PROCESS RES DEV ORGANOMETALLICS J. Org. Chem. J. Phys. Chem. J. Phys. Chem. A J. Phys. Chem. B J. Phys. Chem. C J. Phys. Chem. Lett. Analyst Anal. Methods Biomater. Sci. Catal. Sci. Technol. Chem. Commun. Chem. Soc. Rev. CHEM EDUC RES PRACT CRYSTENGCOMM Dalton Trans. Energy Environ. Sci. ENVIRON SCI-NANO ENVIRON SCI-PROC IMP ENVIRON SCI-WAT RES Faraday Discuss. Food Funct. Green Chem. Inorg. Chem. Front. Integr. Biol. J. Anal. At. Spectrom. J. Mater. Chem. A J. Mater. Chem. B J. Mater. Chem. C Lab Chip Mater. Chem. Front. Mater. Horiz. MEDCHEMCOMM Metallomics Mol. Biosyst. Mol. Syst. Des. Eng. Nanoscale Nanoscale Horiz. Nat. Prod. Rep. New J. Chem. Org. Biomol. Chem. Org. Chem. Front. PHOTOCH PHOTOBIO SCI PCCP Polym. Chem.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1