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Research Article
vinita kanwal
Punjab Agricultural University
Corresponding Author
ORCiD: https://orcid.org/0000-0002-5200-392X
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Based on our analysis it can be concluded that the formal risk aversion mechanism has limited scope in the disaster-prone areas of the country. Addressing the assessment and adequacy of compensation amount along with information asymmetry in the formal insurance market should be a top priority for improving the efficacy. The ex-post measures under formal risk coping also have limited impact, indicating the underdevelopment of insurance and commercial credit markets in the region. Ex-ante risk aversion mechanism, particularly climate-resilient technologies may be conducive to the stable increase of farmers’ income and the continuous development of rural economy in the long-run. Therefore, it is of great significance to provide farmers with assistance to address the income risk in better terms.
Keywords
arid India, income risks, risk coping mechanisms, natural disasters
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This is a preprint. It has not completed peer review.
Research Article
vinita kanwal
Punjab Agricultural University
Corresponding Author
ORCiD: https://orcid.org/0000-0002-5200-392X
Badges
Prescreen
This manuscript passed our Prescreen assessment
Complete author information
Appropriate declaration statements
Potential risks to human health
Prescreen
History
CURRENT STATUS: Posted
Version 1
Posted 10 Feb, 2021
No community comments so far
Metrics
Comments: 0
PDF Downloads: ...
HTML Views: ...
License:
This work is licensed under a CC BY 4.0 License. Read Full License
Based on our analysis it can be concluded that the formal risk aversion mechanism has limited scope in the disaster-prone areas of the country. Addressing the assessment and adequacy of compensation amount along with information asymmetry in the formal insurance market should be a top priority for improving the efficacy. The ex-post measures under formal risk coping also have limited impact, indicating the underdevelopment of insurance and commercial credit markets in the region. Ex-ante risk aversion mechanism, particularly climate-resilient technologies may be conducive to the stable increase of farmers’ income and the continuous development of rural economy in the long-run. Therefore, it is of great significance to provide farmers with assistance to address the income risk in better terms.
Figure 1
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