Chapter

The Macroeconomic Repercussions of Agricultural Shocks and their Implications for Insurance

Paul Collier

in Insurance Against Poverty

Published in print November 2004 | ISBN: 9780199276837
Published online January 2005 | e-ISBN: 9780191601620 | DOI: http://dx.doi.org/10.1093/0199276838.003.0008

Series: WIDER Studies in Development Economics

The Macroeconomic Repercussions of Agricultural Shocks and their Implications for Insurance

More Like This

Show all results sharing this subject:

  • Economic Development and Growth

GO

Show Summary Details

Preview

The macroeconomic effects of agricultural shocks are investigated. A decline in the price of agricultural exports can cause an income shock to the household, locality, and the nation. Positive price shocks may cause a temporary increase in the demand for financial assets. Output shocks, represented as variations in national agricultural value-added, did not affect output in other sectors of the economy.

Keywords: agricultural shock; price shock; output shock; macroeconomic effects; insurance

Chapter.  7757 words. 

Subjects: Economic Development and Growth

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.