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Growth and risk : methodology and micro evidence (English)

How exposure to risk affects economic growth is a key issue in development. This article quantifies both the ex ante and ex post effects of risk using long-running panel data for rural households in Zimbabwe. It proposes a simulation-based econometric methodology to estimate the structural form of a micro model of household investment decisions under risk. The key finding is that risk substantially reduces growth in this particular setting: the mean...
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Elbers,Chris T.M.; Gunning,Jan Willem; Kinsey,Bill H..

Growth and risk : methodology and micro evidence (English). Washington DC : World Bank. http://documents.worldbank.org/curated/en/577561468335969330

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