What’s So Spatial about Diversification in Nigeria?
Paul Corral Rodas () and
World Development, 2017, vol. 95, issue C, 231-253
Many households in developing countries allocate their productive assets among various income generating activities in order to develop a portfolio of income from occupations with different degrees of risk, expected returns and seasonal and liquidity constraints. The push and pull factors influencing diversification decisions of households are widely discussed in the literature; however, no study to date has taken into account spatial interdependence of household decisions in spite of various channels of neighborhood effects such as information flow, learning from others, social networks and agglomeration economies. This paper fills in the gap by incorporating spatial dependence in the choice model of diversification using a spatial auto-regressive probit model and an advanced Bayesian strategy to its estimation.
Keywords: income diversification in developing countries; spatial econometrics (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:95:y:2017:i:c:p:231-253
Access Statistics for this article
World Development is currently edited by O. T. Coomes
More articles in World Development from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().