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Impact of risk aversion on fertiliser use: evidence from Vietnam

Author

Listed:
  • Ling Yee Khor
  • Susanne Ufer
  • Thea Nielsen
  • Manfred Zeller

Abstract

Fake or substandard fertiliser is a growing concern in many countries. Even in places not affected by fertiliser quality problems, uncertainty could arise due to weather variability, soil quality, or doubts about the effectiveness of fertiliser in general. Past literature has shown that risk aversion leads to lower fertiliser use and farmers become less risk averse as they become wealthier. We build upon this literature by showing that the marginal effect itself might not be the same for farmers of different wealth levels either. In our study, the measures of risk aversion were elicited from two different techniques: a self-assessment question and a lottery game. Results from regression analysis show that the marginal effect of risk aversion on fertiliser use depends on the wealth levels of farmers. Low-wealth farmers reduce their fertiliser intensity when their risk aversion increases. The marginal effect for high-wealth farmers is insignificant.

Suggested Citation

  • Ling Yee Khor & Susanne Ufer & Thea Nielsen & Manfred Zeller, 2018. "Impact of risk aversion on fertiliser use: evidence from Vietnam," Oxford Development Studies, Taylor & Francis Journals, vol. 46(4), pages 483-496, October.
    • Handle: RePEc:taf:oxdevs:v:46:y:2018:i:4:p:483-496
    DOI: 10.1080/13600818.2018.1445212
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    Citations

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    Cited by:

    1. Greif, Adi & Geyer, Judy, 2021. "Reducing Greenhouse Gas Emissions from Rice in Vietnam: A Quasi-Experimental Evaluation of a Private Sector Prize Competition that Incentivizes Smallholder Technology Adoption," 2021 Annual Meeting, August 1-3, Austin, Texas 314033, Agricultural and Applied Economics Association.
    2. Roumasset, James, 2024. "Lexicographic Ordering and Loss Aversion among Low-Income Farmers," Journal of Economic Behavior & Organization, Elsevier, vol. 217(C), pages 483-492.
    3. Luong, Tuan, 2023. "Network resilience and risk attitudes: Evidence from Vietnamese Vegetable Farming," 97th Annual Conference, March 27-29, 2023, Warwick University, Coventry, UK 334556, Agricultural Economics Society - AES.
    4. Sabine Liebenehm & Ingmar Schumacher & Eric Strobl, 2024. "Rainfall shocks and risk aversion: Evidence from Southeast Asia," American Journal of Agricultural Economics, John Wiley & Sons, vol. 106(1), pages 145-176, January.
    5. J. Nicolas Hernandez-Aguilera & Max Mauerman & Alexandra Herrera & Kathryn Vasilaky & Walter Baethgen & Ana Maria Loboguerrero & Rahel Diro & Yohana Tesfamariam Tekeste & Daniel Osgood, 2020. "Games and Fieldwork in Agriculture: A Systematic Review of the 21st Century in Economics and Social Science," Games, MDPI, vol. 11(4), pages 1-22, October.
    6. KOJIN, Emi & DO, Van Hoang & NGUYEN, Thiet & ARIMOTO, Yutaka & VO, Hong Tu & MANO, Yukichi & NGUYEN, Duy Can & TSUKADA, Kazunari, 2023. "Government and market initiatives for the governance of fertilizer quality in Vietnam," Discussion paper series HIAS-E-130, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    7. MANO, Yukichi & ARIMOTO, Yutaka & Nguyen, Duy Can & Do, Van Hoang & KOJIN, Emi & Nguyen, Thiet & TSUKADA, Kazunari & Vo, Hong Tu, 2023. "Nutrient deficiencies and compositional variability in fertilizers : The case of the Mekong Delta in Vietnam," Discussion paper series HIAS-E-129, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.

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