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DOI10.3982/ECTA19127
Adapting to Climate Risk With Guaranteed Credit: Evidence From Bangladesh
发表日期2024
ISSN0012-9682
EISSN1468-0262
起始页码92
结束页码2
卷号92期号:2
英文摘要Climate change is increasing the frequency of extreme weather events, with low-income countries being disproportionately impacted. However, these countries often face market frictions that hinder their ability to adopt effective adaptation strategies. In this paper, I explore the role of credit market failures in limiting adaptation. To achieve this, I collaborate with a large microfinance institution and offer a randomly selected group of farmers access to guaranteed credit through an Emergency Loan following a negative climate shock. I document three key results. First, farmers who have access to the emergency loan make less costly adaptation choices and are less severely affected when a flood occurs. Second, I find no evidence of adverse spillover effects on households that did not receive the Emergency Loan. Finally, I demonstrate that providing the Emergency Loan is profitable for the microfinance institution, making it a viable tool for the private sector to employ in similar circumstances.
英文关键词Climate; risk; agriculture; credit
语种英语
WOS研究方向Business & Economics ; Mathematics ; Mathematical Methods In Social Sciences
WOS类目Economics ; Mathematics, Interdisciplinary Applications ; Social Sciences, Mathematical Methods ; Statistics & Probability
WOS记录号WOS:001187076000004
来源期刊ECONOMETRICA
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/291759
作者单位University of Chicago; National Bureau of Economic Research
推荐引用方式
GB/T 7714
. Adapting to Climate Risk With Guaranteed Credit: Evidence From Bangladesh[J],2024,92(2).
APA (2024).Adapting to Climate Risk With Guaranteed Credit: Evidence From Bangladesh.ECONOMETRICA,92(2).
MLA "Adapting to Climate Risk With Guaranteed Credit: Evidence From Bangladesh".ECONOMETRICA 92.2(2024).
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