Papers and Presentations

Paper: Index Insurance for Developing Country Agriculture: A Reassessment

With uninsured risk representing a major hurdle to investment, productivity growth, and poverty reduction in developing country smallholder agriculture, index-based agricultural insurance has offered the promise of overcoming the hurdles of traditional indemnity-based insurance for this context. The team shows that existing constraints on take-up can partially be overcome using revised contract designs, advanced technology for better measurement, improved marketing, and better policy support.

Paper: Aspirations Failure and Formation in Rural Nepal

The lack and drive of aspiration has gained the attention of economists as a behavioral constraint to future-oriented behavior and investment. The research team explores the empirical evidence relating to aspirations and determine if the social phenomenon can stimulate development or reinforce poverty.