Publication:
The Spillover Impact of Index Insurance on Agricultural Investment by Cotton Farmers in Burkina Faso

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creativeworkseries.issn1564-698X
dc.contributor.authorStoeffler, Quentin
dc.contributor.authorCarter, Michael
dc.contributor.authorGuirkinger, Catherine
dc.contributor.authorGelade, Wouter
dc.date.accessioned2023-12-19T19:47:45Z
dc.date.available2023-12-19T19:47:45Z
dc.date.issued2021-06-04
dc.description.abstractThis paper examines whether agricultural insurance can boost investment by small scale farmers in West Africa. It is based on a randomized evaluation designed to analyze the impacts of index insurance for cotton farmers in Burkina Faso. No impact of insurance was found on cotton, but, consistent with microeconomic theory, significant spillover impacts on investment in other agricultural activities were measured. Furthermore, the effects of insurance payouts on farmers hit by a shock confirm the potential of index insurance as a risk management tool. However, this research uncovers important flaws in the implementation of the project that limited its impact on cotton. Overall, this study suggests a promising role for index insurance in stimulating investment, but also draws attention to key challenges to the efficient delivery of insurance to small farmers. Finally, the study’s hybrid, mixed methods RCT offers lessons for the evaluation of complex interventions where trust, understanding, and timing are all important.en
dc.identifierhttp://documents.worldbank.org/curated/en/099904212082311156/IDU06dc38d7e0078d04a0f088be0bcc6c78f1b34
dc.identifier.citationThe World Bank Economic Review
dc.identifier.doi10.1596/40764
dc.identifier.issn0258-6770 (print)
dc.identifier.issn1564-698X (online)
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40764
dc.languageEnglish
dc.language.isoen_US
dc.publisherPublished by Oxford University Press on behalf of the World Bank
dc.relation.ispartofseriesWorld Bank Economic Review
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subjectINDEX INSURANCE
dc.subjectBURKINA FASO
dc.subjectPRODUCTIVE INVESTMENTS
dc.subjectRANDOMIZED EVALUATION
dc.subjectMIXED-METHODS
dc.titleThe Spillover Impact of Index Insurance on Agricultural Investment by Cotton Farmers in Burkina Fasoen
dc.typeJournal Article
dspace.entity.typePublication
okr.associatedcontenthttps://academic.oup.com/wber/article/36/1/114/6291930 Journal website (version of record)
okr.crossref.titleThe Spillover Impact of Index Insurance on Agricultural Investment by Cotton Farmers in Burkina Faso
okr.date.disclosure2023-12-19
okr.date.lastmodified2023-12-08T00:00:00Zen
okr.doctypeJournal Article
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099904212082311156/IDU06dc38d7e0078d04a0f088be0bcc6c78f1b34
okr.guid099904212082311156
okr.identifier.docmidIDU-6dc38d7e-078d-4a0f-88be-bcc6c78f1b34
okr.identifier.doidoi.org/10.1093/wber/lhab011
okr.identifier.doihttp://dx.doi.org/10.1596/40764
okr.identifier.externaldocumentum34210845
okr.identifier.internaldocumentum34210845
okr.identifier.report186288
okr.import.id2630
okr.importedtrueen
okr.language.supporteden
okr.pagenumber114–140
okr.pdfurlhttp://documents.worldbank.org/curated/en/099904212082311156/pdf/IDU06dc38d7e0078d04a0f088be0bcc6c78f1b34.pdfen
okr.peerreviewAcademic Peer Review
okr.region.administrativeAfrica Western and Central (AFW)
okr.region.countryBurkina Faso
okr.topicAgriculture::Agribusiness
okr.unitOff of Sr VP Dev Econ/Chief Econ (DECVP)
okr.volume36 (1)
relation.isJournalIssueOfPublication82d9a6d0-3723-4c13-a779-18edb097fa02
relation.isJournalIssueOfPublication.latestForDiscovery82d9a6d0-3723-4c13-a779-18edb097fa02
relation.isJournalOfPublicationc41eae2f-cf94-449d-86b7-f062aebe893f
relation.isJournalVolumeOfPublicationdd213de9-52ab-40e9-bb44-86bf0edc81b4
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