Market experience and agricultural technology adoption: the role of risk aversion and locus of control

IF 3.3 2区经济学 Q2 AGRICULTURAL ECONOMICS & POLICY

European Review of Agricultural Economics Pub Date : 2024-12-17 DOI:10.1093/erae/jbae033

Halefom Yigzaw Nigus, Pierre Mohnen, Eleonora Nillesen

引用次数: 0

Abstract

This study examines the relationship between market experience and the adoption of risky but profitable agricultural technologies and explores the role of demand-side barriers. Using survey and incentivized experimental data, we find that market experience is significantly associated with increased adoption of improved agricultural technologies. Furthermore, we find that market experience is linked to reduced risk aversion and a stronger internal locus of control, which, in turn, are associated with higher technology adoption. Our findings imply that policies aimed at increasing farmers’ investment in improved agricultural technologies benefit not only from providing access to these technologies but also from addressing psychological barriers.

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本研究探讨了市场经验与采用有风险但有利可图的农业技术之间的关系，并探讨了需求方障碍的作用。利用调查和激励实验数据，我们发现市场经验与采用改良农业技术的增加显著相关。此外，我们还发现，市场经验与风险规避程度的降低和内部控制力的增强有关，而这反过来又与技术采用率的提高有关。我们的研究结果表明，旨在增加农民对改良农业技术投资的政策不仅可以从提供获得这些技术的途径中获益，还可以从解决心理障碍中获益。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

European Review of Agricultural Economics 管理科学-农业经济与政策

CiteScore

6.60

自引率

5.90%

发文量

审稿时长

>24 weeks

期刊介绍： The European Review of Agricultural Economics serves as a forum for innovative theoretical and applied agricultural economics research. The ERAE strives for balanced coverage of economic issues within the broad subject matter of agricultural and food production, consumption and trade, rural development, and resource use and conservation. Topics of specific interest include multiple roles of agriculture; trade and development; industrial organisation of the food sector; institutional dynamics; consumer behaviour; sustainable resource use; bioenergy; agricultural, agri-environmental and rural policy; specific European issues. Methodological articles are welcome. All published papers are at least double peer reviewed and must show originality and innovation. The ERAE also publishes book reviews.