Stability of risk attitude, agricultural policies and production shocks: evidence from Italy

Martina Bozzola; Robert Finger

doi:10.1093/erae/jbaa021

Stability of risk attitude, agricultural policies and production shocks: evidence from Italy

Martina Bozzola^*, Robert Finger

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

1 Citation (Scopus)

37 Downloads (Pure)

Abstract

This article investigates the stability of farmers’ risk attitude over time. To this end, we estimate responses to changes in agricultural policies and production shocks. We use a unique panel data of over 36,000 Italian farms specialised in cereals, during the period 1989–2009. We find evidence of risk preference changes over time in response to changes in the European Union Common Agricultural Policy and possibly after a drought-induced production shock.

Original language	English
Number of pages	25
Journal	European Review of Agricultural Economics
Early online date	13 Sep 2020
DOIs	https://doi.org/10.1093/erae/jbaa021
Publication status	Early online date - 13 Sep 2020

Keywords

time-varying risk attitude
panel data
risk
agricultural policy reforms

ASJC Scopus subject areas

Economics and Econometrics

Access to Document

10.1093/erae/jbaa021Licence: CC BY

Stability of risk attitude, agricultural policies and production shocks: evidence from Italy
© 2020 The Authors. This is an open access article published under a Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium, provided the author and source are cited.
Final published version, 709 KBLicence: CC BY

166th Seminar of the European Association of Agricultural Economists (EAAE)
Martina Bozzola (Presenter)
30 Aug 2018 → 31 Aug 2018
Activity: Participating in or organising an event types › Participation in conference

Best Contributed Paper Award European Association of Agricultural Economists Congress
Bozzola, Martina (Recipient), 01 Sep 2017
Prize: Prize (including medals and awards)

Cite this

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title = "Stability of risk attitude, agricultural policies and production shocks: evidence from Italy",

abstract = "This article investigates the stability of farmers{\textquoteright} risk attitude over time. To this end, we estimate responses to changes in agricultural policies and production shocks. We use a unique panel data of over 36,000 Italian farms specialised in cereals, during the period 1989–2009. We find evidence of risk preference changes over time in response to changes in the European Union Common Agricultural Policy and possibly after a drought-induced production shock.",

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AB - This article investigates the stability of farmers’ risk attitude over time. To this end, we estimate responses to changes in agricultural policies and production shocks. We use a unique panel data of over 36,000 Italian farms specialised in cereals, during the period 1989–2009. We find evidence of risk preference changes over time in response to changes in the European Union Common Agricultural Policy and possibly after a drought-induced production shock.

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KW - panel data

KW - risk

KW - agricultural policy reforms

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SN - 0165-1587

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Stability of risk attitude, agricultural policies and production shocks: evidence from Italy

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

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Activities

166th Seminar of the European Association of Agricultural Economists (EAAE)

Prizes

Best Contributed Paper Award European Association of Agricultural Economists Congress

Cite this