Risk management and coping strategies: climate change and agriculture in the Philippines

Majah-Leah Ravago, James Roumasset and Karl Jandoc
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Karl Jandoc: University of the Philippines School of Economics

Philippine Review of Economics, 2016, vol. 53, issue 2, 66-104

Abstract: We provide an initial framework to guide government priorities among programs seeking to reduce the natural-disaster vulnerability of Philippine farm households. The framework sheds light on the pros and cons of alternative policies to reduce household vulnerability, paying particular attention to the role of discounting. The limited coping tools available to low-income households strengthen the case for preventive polices that reduce the probability or the severity of damages. We argue, however, that the inability of poor households to cope with increased exposure to risks does not necessarily imply that social insurance programs should be expanded. Finally, inasmuch as disaster risk management policies at the national level typically lack coherent foundations, we suggest how the farm level risk management framework might be expanded to the national level.

Keywords: growth; Farm household risk management; natural disasters; shock; coping (search for similar items in EconPapers)
JEL-codes: D81 I38 Q12 Q54 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Risk Management and Coping Strategies: Climate Change and Agriculture in the Philippines (2017)
Working Paper: Risk Management and Coping Strategies: Climate Change and Agriculture in the Philippines (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:phs:prejrn:v:53:y:2016:i:2:p:66-104

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