Construct · 1 fields · 1 citations

livestock as insurance: a standalone construct

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Development economics

rural households selling and buying productive animals such as bullocks to smooth consumption when credit markets are absent.

In development economics, livestock as insurance refers to rural households selling and buying productive animals such as bullocks to smooth consumption when credit markets are absent. This meaning comes from Rosenzweig (1993) in Journal of Political Economy.[1]

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Nearby constructs

consumption3 fields · 5 citationsjingle · one word, three constructs credit2 fields · 2 citationsjingle · one word, two constructs development1 fields · 2 citationsanchor · a standalone construct

References

Rosenzweig, M. R., & Wolpin, K. I. (1993). Credit Market Constraints, Consumption Smoothing, and the Accumulation of Durable Production Assets in Low-Income Countries: Investments in Bullocks in India. Journal of Political Economy, 101(2), 223-244. https://doi.org/10.1086/261874

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