Microeconomic Behavior of Agents in a Credit-Output Market in an Agricultural Setting

Rural agents engage in interlocking market transactions to minimize costs due to underdevelopment of rural markets. This study aims to model the economic behavior of agents in a credit-output market. Results indicate the prevalence of high interest rates in developed areas. Where income is low, transaction costs are high and the market is segmented, informal lenders are useful on efficiency grounds. Hence, the first-best solution appears to be augmenting farmer’s income.economic/development modelling, income, rural sector, credit market, transaction cost

Microinsurance: Does Traditional Regulation Apply?

Microinsurance--insurance services for low-income households--has emerged as a phenomenon in recent years. This Policy Notes draws attention to the need for an effective regulatory and supervision framework for said phenomenon to assure access of low-income households to insurance and to maintain the soundness of the insurance industry.microinsurance, mutual benefit associations

The Impact of Comprehensive Agrarian Reform (CARP) on the Crop Sector

Several studies have shown that land reform has a positive impact on rice and corn productivity. However, the same cannot be said in sugar and coconut areas. This paper attempts to verify the effect of the implementation of CARP on the productivity of sugar and coconut farms. To answer the productivity issue, the study examines whether agrarian reform beneficiaries have access to credit and new technologies and whether the transfer of ownership under CARP has affected the collateral value of land.productivity, coconut industry, land management, collateral, credit market, sugar products, crop production

Making insurance markets work for the poor : microinsurance policy, regulation and supervision; Philippines case study

This document presents the findings from the Philippines component of a five-country case study on the role of regulation in the development of microinsurance markets, and considers the influence that policy, regulation and supervision have on their development. Microinsurance in the Philippines is fundamentally group-based and largely microfinance-driven and illustrates how MFI-based microinsurance can evolve beyond the provision of credit life insurance to also provide life, accident and capital health insurance to members. The findings emphasize the need for a comprehensive approach to policy, informed by and tailored to domestic conditions, and adjusted continuously as the environment evolves

Gender Issues in Agrarian Reform and Rural Nonfarm Enterprise

Inasmuch as a large portion of the family labor force in the farm is women and youth, the Comprehensive Agrarian Reform Program can substantially impact on the role of these groups on development. This paper reviews the gender issues in rural nonfarm enterprises (NFEs) and agrarian reform areas. It identifies the role of women in NFEs and agrarian reform areas and shows how various government policies reinforce or impinge on their role. It also identifies empirical issues that need further investigation, including claims that have not yet been validated by empirical results.gender and development, agrarian reform, rural sector, Comprehensive Agrarian Reform Program (CARP), rural nonfarm enterprise

Developing Principles for the Regulation of Microinsurance (Philippine Case Study)

Low income households find it hard to cope with the risks brought about by an illness or injury, death of a family member, man-made calamities and natural disasters. Demand for microinsurance products is growing and both formal and informal microinsurance schemes have started to emerge to address this need. This paper seeks to provide a better understanding of the micro-insurance market in the Philippines and to draw certain principles for micro-insurance regulation from a review of the Philippine experience with micro-insurance. The Philippine experience on the provision of micro-insurance services and the interaction between the insurance providers and the regulator may help inform the development of certain principles for micro-insurance regulation.micro-insurance, regulatory framework, mutual benefit association, Insurance Commission, risk protection, partner agent approach

Developing Principles for the Regulation of Microinsurance (Philippine Case Study)

Low-income households find it hard to cope with the risks brought about by an illness or injury, death of a family member, man-made calamities, and natural disasters. Demand for microinsurance products is growing and both formal and informal microinsurance schemes have started to emerge to address this need. This paper seeks to provide a better understanding of the microinsurance market in the Philippines and to draw certain principles for microinsurance regulation from a review of the Philippine experience with microinsurance. The Philippine experience on the provision of microinsurance services and the interaction between the insurance providers and the regulator may help inform the development of certain principles for microinsurance regulation.regulatory framework, microinsurance, mutual benefit associations, Insurance Commission, risk protection, partner agent approach