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Social Capital
This paper surveys research on social capital. We explore the concepts that motivate the social capital literature, efforts to formally model social capital using economic theory, the econometrics of
Risk Sharing Networks in Rural Philippines
Using detailed data on gifts, loans, and asset sales, this paper investigates how rural Filipino households deal with income and expenditure shocks. We find that shocks have a strong effect on gifts
Peasant Household Behaviour with Missing Markets: Some Paradoxes Explained
A model of peasant household behavior, under varying degrees of household-specific food and labor market failures, is constructed to show that these structural features can explain several well known
Cash Crop Production, Food Price Volatility, and Rural Market Integration in the Third World
Large farmers in the Third World often devote to cash crops a larger share of their land than do small farmers. This paper suggests a possible explanation: even in the presence of food markets, Third
Solidarity Networks in Preindustrial Societies: Rational Peasants with a Moral Economy
  • M. Fafchamps
  • Economics
    Economic Development and Cultural Change
  • 1 October 1992
Mutual insurance networks in preindustrial societies have been an object of curiosity for many social scientists.' In his seminal book The Moral Economy of Peasants, James C. Scott showed how the
Drought and Saving in West Africa: Are Livestock a Buffer Stock?
Households in the west African semi-arid tropics face substantial risk -- an inevitable consequence of engaging in rainfed agriculture in a drought-prone environment. It has long been hypothesized
Do African Manufacturing Firms Learn from Exporting?
We use firm-level panel data for the manufacturing sector in four African countries to investigate whether exporting impacts on efficiency, and whether efficient firms self-select into the export
Rural Poverty, Risk and Development
This book investigates the relationships between rural poverty, risk, and development. Building upon the author’s work in the area, it summarises the contributions of recent theoretical and empirical