Does bundling credit with index insurance boost agricultural technology adoption? Evidence from Ghana
通过在加纳进行随机对照试验，研究将联合责任农业贷款与指数保险捆绑，以缓解干旱风险约束对农户采用先进农业技术的影响，发现微型保险捆绑能提高化肥采用率。
Abstract The adoption of advanced agricultural technologies in Sub‐Saharan Africa remains disappointingly low, particularly among the millions of poor smallholders who account for most of the agricultural production. We conducted a randomized control trial in Ghana to assess the impact of easing drought‐risk constraints in the agricultural credit market, by bundling joint liability agricultural loans with index insurance, on smallholder farmers’ agricultural technology adoption decisions. In the micro‐insurance treatment, any index insurance payouts go directly to farmers, while in the meso‐insurance treatment, payouts are issued to banks to be used to expunge farmers’ debts. We find evidence that bundling joint liability lending with micro‐insurance increases adoption of fertilizer.