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RISK MANAGEMENT THROUGH INSURANCE AND ENVIRONMENTAL EXTERNALITIES FROM AGRICULTURAL INPUT USE: AN ITALIAN CASE STUDY AgEcon
Capitanio, Fabian.
The biological nature of agricultural production processes induce a higher degree of uncertainty surrounding the economic performance of farm enterprises. This has contributed to the development and acceptance of forms of public intervention aimed at reducing income variability that have no parallel in other sectors of the economy. In particular, subsidized crop insurance are a widely used tool. The impact of these programs on the decisions of production generates effects on input use, land use and thus, indirectly, environmental outcomes. The importance of this issue has grown in parallel with the growth in importance of the collective role of agriculture sector that has addressed the recent guidelines adopted by many developed countries. To examine the...
Tipo: Conference Paper or Presentation Palavras-chave: Uncertainty; Risk Management; Crop Insurance; Input Use Decisions; Environmental Externalities; Mathematical Programming.; Agricultural and Food Policy; Environmental Economics and Policy; Research Methods/ Statistical Methods; Risk and Uncertainty; Q10; Q14.
Ano: 2008 URL: http://purl.umn.edu/44834
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Total Factor Productivity Growth when Factors of Production Generate Environmental Externalities AgEcon
Vouvaki, Dimitra; Xepapadeas, Anastasios.
Total factor productivity growth (TFPG) has been traditionally associated with technological change. We show that when a factor of production, such as energy, generates an environmental externality in the form of CO2 emissions which is not internalized because of lack of environmental policy, then TFPG estimates could be biased. This is because the contribution of environment as a factor of production is not accounted for in the growth accounting framework. Empirical estimates confirm this hypothesis and suggest that part of what is regarded as technology’s contribution to growth could be attributed to the use of environment in output production.
Tipo: Working or Discussion Paper Palavras-chave: Total Factor Productivity; Sources of Growth; Environmental Externalities; Energy; Environmental Policy; Environmental Economics and Policy; O47; Q20; Q43.
Ano: 2009 URL: http://purl.umn.edu/50405
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