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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Author

Elbers,Chris T.M.;

Gunning,Jan Willem;

Kinsey,Bill H.;
Document Date
2007/01/01
Document Type
Journal Article
Report Number
77533
Volume No
1
Total Volume(s)
1
Country
Zimbabwe,
Region
Eastern and Southern Africa,
Disclosure Date
2013/05/27
Disclosure Status
Disclosed
Doc Name
Growth and risk : methodology and micro evidence
Keywords
absence of well functioning credit

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Citation

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

Growth and risk : methodology and micro evidence (English)

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