Academic Journal
Econometric identification of crop insurance participation
| العنوان: | Econometric identification of crop insurance participation |
|---|---|
| المؤلفون: | Francis Tsiboe, Dylan Turner |
| المصدر: | Agricultural and Resource Economics Review, Vol 52, Pp 476-497 (2023) |
| بيانات النشر: | Cambridge University Press, 2023. |
| سنة النشر: | 2023 |
| المجموعة: | LCC:Agriculture (General) LCC:Economic growth, development, planning |
| مصطلحات موضوعية: | crop insurance, endogeneity, instruments, participation, premium rate, Q14, Q18, G22, Agriculture (General), S1-972, Economic growth, development, planning, HD72-88 |
| الوصف: | This paper shows how econometric identification can be improved in studies making use of crop insurance participation as either an independent or dependent variable. The paper provides the reader with a succinct overview of how crop insurance contracts are priced and how to use publicly available data to derive a novel composite crop insurance design parameter that emulates existing crop insurance rating parameters using a procedure that is based on current actuarial practices. The derived design parameter performs well at predicting historic crop insurance loss-cost ratios and satisfies the requirements for an instrumental variable for a variety of empirical applications related to crop insurance. Representative empirical examples are presented where it is shown that the proposed instrument has favorable two-staged least squares diagnostic tests and is effective at eliminating endogeneity bias. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English |
| تدمد: | 1068-2805 2372-2614 |
| Relation: | https://www.cambridge.org/core/product/identifier/S1068280523000138/type/journal_article; https://doaj.org/toc/1068-2805; https://doaj.org/toc/2372-2614 |
| DOI: | 10.1017/age.2023.13 |
| URL الوصول: | https://doaj.org/article/95cc0e00f9814c1498a23f0103b94668 |
| رقم الانضمام: | edsdoj.95cc0e00f9814c1498a23f0103b94668 |
| قاعدة البيانات: | Directory of Open Access Journals |
Full Text Finder | تدمد: | 10682805 23722614 |
|---|---|
| DOI: | 10.1017/age.2023.13 |