Crop Insurance, Farm Input Use, and Moral Hazard Heterogeneous Effects of Crop Insurance on Farm Input Use across Farm Types

• 발행기관: 한국농업경제학회
• 저자명: Hanbin Lee Youngjune Kim
• 간행물 정보: 『농업경제연구』65권 3호, 131~150쪽, 전체 20쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2024.09.30

국문 초록

This article examines changes in farm input use in agricultural production induced by crop insurance participation as evidence of moral hazard behaviors. We focus on heterogeneous effects across farm groups characterized by various farm-specific characteristics, rather than the average effect of farms as a whole, which has relatively little attention in the literature. For data, we use the Farm Household Economy Survey, focusing on rice farms. We use the causal forest method to identify the heterogeneous effects. The results show substantial heterogeneous effects of the crop insurance participation on fertilizer use in agriculture, implying heterogeneity in moral hazard among farms. This article also reports which farm characteristics are important to describe the patterns of the heterogeneity effects.

목차

Ⅰ. Introduction

Ⅱ. Data

Ⅲ. Methodology

Ⅳ. Results

Ⅴ. Conclusions

References

키워드

Crop insurance Moral hazard Heterogeneous effect Causal forest Fertilizer use