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The Role of Income Diversification, Transaction Cost and Production Risk in Fertilizer Market Participation AgEcon
Olale, Edward; Cranfield, John A.L..
Past agricultural input market participation studies have generally ignored the joint influence of income diversification, transaction cost and production risk on input market participation decisions. This study develops an analytical framework that jointly incorporates the three factors and other household factors in farmer-fertilizer market participation decisions. The framework is then tested by analyzing the entry and intensity decisions of fertilizer market participation in semi-arid eastern Kenya, at the farm level. Transaction costs and production risk negatively influence both the entry and intensity decisions, while income diversification positively influences the entry decisions. These results are confirmed by nested likelihood ratio tests which...
Tipo: Conference Paper or Presentation Palavras-chave: Income diversification; Transaction cost; Production risk; Agricultural and Food Policy; Consumer/Household Economics; Production Economics; Risk and Uncertainty; Q13; Q18.
Ano: 2009 URL: http://purl.umn.edu/49929
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Determinants of Income Diversification among Fishing Communities in Western Kenya AgEcon
Olale, Edward; Henson, Spencer J.; Cranfield, John A.L..
Tipo: Conference Paper or Presentation Palavras-chave: Poverty; Income Diversification; Fish worker; Community/Rural/Urban Development; Food Security and Poverty; International Development; Labor and Human Capital; Production Economics.
Ano: 2010 URL: http://purl.umn.edu/61259
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The Influence of Market Barriers and Farm Income Risk on Non-Farm Income Diversification AgEcon
Olale, Edward; Nazli, Hina.
Empirical evidence shows that non-farm income diversification is associated with higher welfare among farm households. However, most studies have ignored market barriers and farm income risk in explaining income diversification behaviour. This study develops an analytical framework that includes both market barriers and farm income risk, in addition to other factors, in explaining income diversification behaviour. The analytical framework is used to test the hypotheses that: market barriers reduce the intensity of non-farm income diversification; and farm income risk increases the intensity of non-farm income diversification. The results confirm the hypotheses, suggesting that market barriers and farm income risk are key factors in explaining income...
Tipo: Conference Paper or Presentation Palavras-chave: Market barriers; Farm income risk; Income diversification; Agricultural and Food Policy; Community/Rural/Urban Development; Food Security and Poverty.
Ano: 2010 URL: http://purl.umn.edu/60915
Registros recuperados: 3
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