An econometric approach to factors affecting crop insurance in Romania

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Show simple item record Dragos, Simona Laura Mare, Codruta
dc.contributor.other Ekonomická fakulta cs 2014-03-04 2014-03-04
dc.identifier.issn 12123609
dc.description.abstract Crop insurance is a very well implemented mechanism in the economic and agricultural sectors of the developed countries. In the developing countries there are yet in practice traditional local systems of helping the other in the case of natural disasters. The transition to an organized system, based on buying insurance policies, is a very slow process and is, for the moment, used and accepted only by big land owners. The study based on a sample of 308 small farmers in Romania analyzes the factors influencing the decision of buying an insurance policy: age, education, size of the village, the proximity to a city, the type of culture, etc. The sampling method aimed at ensuring representativity on several levels: regional – villages from different counties; education – different levels of education for farmers and different fields of study; type of village – villages of different sizes and situated at various distances from towns; type of crop – farmers that mainly deal with vegetables, pomiculture, vine and field crops. Through two econometric models, Ordered Logit and Binary Logit, both the decision of buying an insurance policy and the type of insurance chosen (partial or full) are assessed. Results show a higher propensity towards using the insurance system in the case of younger farmers who have had access to tertiary education (especially in the field of economics and business), who live in big villages near important cities and who cultivate vegetables. Even though the study is regional, the emphasized mechanisms are universally valid and can be used by policymakers from developing economies. en
dc.format text
dc.format.extent 93-103 s. cs
dc.language.iso en
dc.publisher Technická Univerzita v Liberci cs
dc.publisher Technical university of Liberec, Czech Republic en
dc.relation.ispartof Ekonomie a Management cs
dc.relation.ispartof Economics and Management en
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dc.rights CC BY-NC
dc.subject Central and Eastern Europe en
dc.subject Stock market returns en
dc.subject Wavelets en
dc.subject Comovement en
dc.subject.classification C25
dc.subject.classification Q12
dc.subject.classification G22
dc.title An econometric approach to factors affecting crop insurance in Romania en
dc.type Article en 2014-03-04
dc.publisher.abbreviation TUL
dc.relation.isrefereed true
dc.identifier.doi 10.15240/tul/001/2014-1-008
dc.identifier.eissn 2336-5604
local.relation.volume 17
local.relation.issue 1
local.relation.abbreviation E&M en
local.relation.abbreviation E+M cs
local.faculty Faculty of Economics
local.citation.spage 93
local.citation.epage 103
local.access open
local.fulltext yes

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