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Impact of Technology Adoption on Household Income: The Case of Tef in Dendi District, Ethiopia
Gadisa Muleta,
Addisu Getahun
Issue:
Volume 11, Issue 2, June 2022
Pages:
69-75
Received:
25 February 2022
Accepted:
30 March 2022
Published:
14 April 2022
DOI:
10.11648/j.eco.20221102.11
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Abstract: Tef is the most important cereal crop and the main staple food for more than 70 million people. It is the second-largest crop in terms of the area of production next to maize. But, the average productivity of the crop is very low compared to other cereal crops, and the spatial variability of the productivity of the crop is very high across different districts and peasant associations within the region and across different regions of the country. This variability may arise from different factors like the adoption of high-yielding improved varieties, implemented agronomic practices, soil and environmental conditions, and others. Therefore, this research was intended to assess the impacts of the adoption of improved and high-yielding tef varieties on the improvement of household income in the Dendi district, taking 210 sample households from five peasant associations. Descriptive and econometric data analyses were done. The propensity score matching method and logistic regression model were used for econometric data analysis. Accordingly, the result revealed that household heads who adopted improved and high-yielding tef technologies on average get more income of 7943 birr compared to household heads that are non-adopters of tef technologies. Therefore, improving the awareness of tef farmers towards adoption of high yielding improved tef technologies will contribute to improving the national income generally, and the livelihood of the farm households specifically.
Abstract: Tef is the most important cereal crop and the main staple food for more than 70 million people. It is the second-largest crop in terms of the area of production next to maize. But, the average productivity of the crop is very low compared to other cereal crops, and the spatial variability of the productivity of the crop is very high across differen...
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The Role of Financial Development in Determining the Velocity of Money in Circulation: The Case of Jordan
Issue:
Volume 11, Issue 2, June 2022
Pages:
76-87
Received:
18 April 2022
Accepted:
3 May 2022
Published:
12 May 2022
DOI:
10.11648/j.eco.20221102.12
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Abstract: This paper aimed to analyze the effect of the financial progress that happened in the Jordanian economy on the velocity of money in circulation from the period 1980 to 2019. Specifically, the ratio of demand deposits to time deposits and the share of credit facilities to the private sector from GDP were used as measures of financial development while money supply (1) to GDP and money supply (2) to GDP were used as measures of the velocity of money. To achieve these goals, the paper has used the descriptive approach and the Auto-Regressive Distribution Lag (ARDL) approach. The tests showed that the variables became stationary after taking the first difference, and the variables are co-integration. The results of the study showed that. The ARDL model and cointegration test used in the paper reveal that the estimated parameters of the explanatory variables were more significant in the long term model and short term than in the short term it was not except for dynamics for the velocity of broad money (V2). The share of credit facilities to the private sector from GDP has a significant negative effect on the velocity of narrow money (V1) and has a considerable positive effect on the velocity of money in the wide range (V2). adding to the previous point, the ratio of demand deposits to time deposits has a significant positive effect on the velocity of narrow money (V1) and has a significant negative effect on the velocity of wide money (V2). finally, the interest rate has a substantial positive influence on both the velocity of money in a narrow and a wide range. Based on the results, the paper recommended the central bank of Jordan set strategies to stabilize the money demand function in the Jordanian economy. Since the dynamic change in life, communication and accessing the information the behavior of individuals regarding assets loans and spending is changing rapidly which leading to massive challenges to central banks’ policy formulation regarding the velocity of money.
Abstract: This paper aimed to analyze the effect of the financial progress that happened in the Jordanian economy on the velocity of money in circulation from the period 1980 to 2019. Specifically, the ratio of demand deposits to time deposits and the share of credit facilities to the private sector from GDP were used as measures of financial development whi...
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An Empirical Study on the Moderating Effect of Agricultural Insurance Against Natural Disasters
Meng Fei,
Yikun Liu,
Yingyan Wan
Issue:
Volume 11, Issue 2, June 2022
Pages:
88-97
Received:
2 June 2022
Accepted:
23 June 2022
Published:
29 June 2022
DOI:
10.11648/j.eco.20221102.13
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Abstract: Agricultural producers face agricultural disasters that cause serious negative impacts on agricultural production. Hence, agricultural producers and the government need to use risk management tools to control these agricultural risks. This paper focuses on one of the most important risk management tools in agriculture, i.e., agricultural insurance. Specifically, we study whether agricultural insurance can mitigate the negative impact of natural disasters on the primary industry. We firstly establish a theoretical macroeconomics model that combines agricultural risk, agricultural insurance, and moral hazard. The theoretical model shows that agricultural insurance can effectively reduce the negative impact of agricultural risks on primary industry production only when the moral hazard is not severe. Next, we use provincial data in China to empirically test the predictions of the theoretical model. The empirical results indicate that agricultural insurance promotes primary industry production. An increase of 1 RMB in agricultural insurance premium income can increase the primary industry production by 15 RMB. The purchase of agricultural insurance does not significantly change the production behavior of agricultural producers, indicating no significant moral hazard. This paper adds moral hazard to the traditional macroeconomics model, which allows a more reasonable role for agricultural insurance. The conclusions of this study give important implications for agricultural producers and governments.
Abstract: Agricultural producers face agricultural disasters that cause serious negative impacts on agricultural production. Hence, agricultural producers and the government need to use risk management tools to control these agricultural risks. This paper focuses on one of the most important risk management tools in agriculture, i.e., agricultural insurance....
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