Publication:
Do Farmers Choose to Be Inefficient? Evidence from Bicol

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dc.contributor.authorLarson, Donald F.
dc.date.accessioned2012-03-30T07:29:08Z
dc.date.available2012-03-30T07:29:08Z
dc.date.issued2009
dc.description.abstractFarming households that differ in their ability or willingness to take on risks are likely to allocate resources and effort among income producing activities differently with consequences for productivity. In this paper we measure voluntary and involuntary departures from efficiency for rice producing households in the Bicol region of the Philippines. We take advantage of a panel of observations on households from 1978, 1983 and 1994. Available monthly weather data and survey information on planting times allows us to create household specific measures of weather shocks, which we use in our analysis. We find evidence that diversification and input choices do affect efficiency outcomes among farmers, although these effects are not dominant; accumulated wealth, past decisions to invest, favorable market conditions, and propitious weather are also important determinants of efficiency outcomes among Bicol rice farmers. Our findings suggest that the costs of incomplete formal and informal insurance markets are higher for poorer farmers.en
dc.identifier.citationJournal of Development Economics
dc.identifier.issn03043878
dc.identifier.urihttps://hdl.handle.net/10986/4666
dc.language.isoEN
dc.relation.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights.holderWorld Bank
dc.subjectAgricultural Labor Markets J430
dc.subjectMicroeconomic Analyses of Economic Development O120
dc.subjectEconomic Development: Agriculture
dc.subjectNatural Resources
dc.subjectEnergy
dc.subjectEnvironment
dc.subjectOther Primary Products O130
dc.subjectEconomic Development: Financial Markets
dc.subjectSaving and Capital Investment
dc.subjectCorporate Finance and Governance O160
dc.subjectMicro Analysis of Farm Firms, Farm Households, and Farm Input Markets Q120
dc.subjectAgricultural Finance Q140
dc.titleDo Farmers Choose to Be Inefficient? Evidence from Bicolen
dc.title.alternativeJournal of Development Economicsen
dc.typeJournal Articleen
dc.typeArticle de journalfr
dc.typeArtículo de revistaes
dspace.entity.typePublication
okr.doctypeJournal Article
okr.externalcontentExternal Content
okr.identifier.externaldocumentum1087
okr.journal.nbpages24-32
okr.language.supporteden
okr.peerreviewAcademic Peer Review
okr.region.countryPhilippines
okr.relation.associatedurlhttp://dx.doi.org/10.1016/j.jdeveco.2007.04.003
okr.relation.associatedurlhttp://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=1053544&site=ehost-live
okr.relation.associatedurlhttp://www.elsevier.com/wps/find/journaldescription.cws_home/505546/description#description
okr.relation.associatedurlhttps://openknowledge.worldbank.org/handle/10986/15610
okr.volume90
relation.isAuthorOfPublicationccfad8dc-1a1e-50df-9b84-ea4470d50b39
relation.isAuthorOfPublication.latestForDiscoveryccfad8dc-1a1e-50df-9b84-ea4470d50b39
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