Assessing peer influence on farmers’ climate adaptations: An experimental adoption of index insurance and savings in Uzbekistan
Strengthening climate resilience requires farmers to select climate adaptation strategies like weather index insurance. Acknowledging that decision-making is not isolated, this study explores simultaneous peer imitation in climate adaptation choices consisting of index insurance, savings, and their...
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Published in | Journal of agricultural and applied economics Vol. 56; no. 1; pp. 1 - 20 |
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Main Authors | , , , |
Format | Journal Article |
Language | English |
Published |
Cambridge
Cambridge University Press
01.02.2024
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Subjects | |
Online Access | Get full text |
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Summary: | Strengthening climate resilience requires farmers to select climate adaptation strategies like weather index insurance. Acknowledging that decision-making is not isolated, this study explores simultaneous peer imitation in climate adaptation choices consisting of index insurance, savings, and their interaction. We present results from a lab-in-the-field experiment that introduces innovative index insurance. Findings indicate significant and strong imitation attitudes. While the bigger peer surrounding seems relevant in the static perspective, the closer surrounding gains importance in the dynamic perspective. Additionally, credit, trust, and practical understanding stimulate adoption. Community-based extension interventions and credit-bundled products may increase index insurance diffusion and improve climate resilience. |
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ISSN: | 2056-7405 1074-0708 2056-7405 |
DOI: | 10.1017/aae.2023.38 |