Miyata, Sachiko and Sawada, Yasuyuki (2006) Credit accessibility, risk attitude, and social learning: Investment decisions of aquaculture in rural Indonesia. Gold Coast, Australia.
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This paper presents a theoretical and empirical investigation of the micro-structure of a technological adoption process by examining the actual decisions made by h ouseholds in Indonesia. In terms of theory, there are three factors which may affect an individual's decision to adopt a technology. First, the experience of others may affect a person's technological adoption decision (Foster and Rosenzweig, 1995). Second, a new investment may be regarded as a high risk - high return activity, and the degree of individual risk aversion will affect the adoption decision. Existing studies using experiments (Binswanger, 1980), econometric analysis (Fafchamps and Pender, 1997), and area studies (Scott, 1976) have shown that farmers in developing countries are typically risk averse. When risk-averse households are unable to insure themselves against income shocks, they tend to shy away from risky activities. Finally, adopting new technology usually involves a large initial investment. The accessibility of credit markets acts as a decisive factor in financing the large fixed cost of a new investment.
| Item Type: | Documents |
|---|---|
| Class Number: | 210.CRE001 |
| Keywords: | Indonesia, Credit, Risk Management, Technology, Social Impact, Rural Development, Aquaculture |
| Subjects: | Right to Resources |
| Depositing User: | Users 4 not found. |
| Date Deposited: | 15 Jul 2022 04:32 |
| Last Modified: | 15 Jul 2022 04:32 |
| URI: | http://icsfarchives.net/id/eprint/15252 |
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