Preferences for crop insurance attributes among cocoa farmers in Ghana
Preferences for crop insurance attributes among cocoa farmers in Ghana
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DOI：
10.1108/jadee-03-2021-0068
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发表时间：
2021-07-13
影响因子：
2.4
通讯作者：
Ali, Williams
中科院分区：
文献类型：
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作者：
Owusu, Victor;Abdulai, Awudu;Ali, Williams
本文利用加纳南部可可农户的离散选择实验数据，分析了农户对不同非指数化作物保险选择的偏好。我们通过比较自我报告的属性不出席（ANA）和从选择中推断的行为来检验农民对属性的出席情况。设计/方法/方法利用潜在类别内生属性出席（EAA）模型，通过联合建模农民的属性处理策略和他们对保险产品属性的选择，来解决潜在内生性问题。结果表明，保费水平、赔付方式和赔付期限会影响农民对农作物保险产品的偏好。研究结果还表明，信贷受限的农民更关注农作物保险产品的保费和支付模式属性，信贷受限的农民倾向于对农作物保险属性表现出较低的支付意愿。研究的局限性/启示研究结果表明，信贷约束不仅限制了投入物的使用，而且往往对农民的可可保险参与决策产生统计学上显著的影响。该研究在考虑ANA的情况下，考察了信贷约束对农民作物保险偏好的影响。
Purpose This article analyzes farmers' preferences for different nonindexed crop insurance alternatives, using discrete choice experiment data on cocoa farmers from southern Ghana. We examine farmers' attendance to attributes by comparing self-reported attribute nonattendance (ANA) to the behavior inferred from the choices. Design/methodology/approach We utilize the latent class endogenous attribute attendance (EAA) model to address potential endogeneity by jointly modelling farmers' attribute processing strategies with their choice of attributes of the insurance products. Findings The results show that premium levels, mode and length of indemnity payouts tend to influence farmers' preferences for crop insurance products. The findings also reveal that credit-constrained farmers attend more to premium and payment mode attributes of the crop insurance products and that credit-constrained farmers tend to exhibit lower willingness-to-pay estimates for the crop insurance attributes. Research limitations/implications The findings from the study suggest that credit constraints do not only limit input use, but also tend to have statistically significant impact on farmers' cocoa insurance participation decisions. Originality/value The study examines the impact of credit constraints on farmers' crop insurance preferences while accounting for ANA.