Do tropical forests provide natural insurance? The microeconomics of non-timber forest product collection in the Brazilian Amazon
Publication
, Journal Article
Pattanayak, SK; Sills, EO
Published in: Land Economics
January 1, 2001
Tropical forests may contribute to the well-being of local people by providing a form of "natural insurance." We draw on microeconomic theory to conceptualize a model relating agricultural risks to collection of non-timber forest products. Forest collection trips are positively correlated with both agricultural shocks and expected agricultural risks in an event-count model of survey data from the Brazilian Amazon. This suggests that households rely on forests to mitigate agricultural risk. Forest product collection may be less important to households with other consumption-smoothing options, but its importance is not restricted to the poorest households. (JEL Q23).
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Published In
Land Economics
DOI
ISSN
0023-7639
Publication Date
January 1, 2001
Volume
77
Issue
4
Start / End Page
595 / 612
Related Subject Headings
- Agricultural Economics & Policy
- 3801 Applied economics
- 1402 Applied Economics
Citation
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ICMJE
MLA
NLM
Pattanayak, S. K., & Sills, E. O. (2001). Do tropical forests provide natural insurance? The microeconomics of non-timber forest product collection in the Brazilian Amazon. Land Economics, 77(4), 595–612. https://doi.org/10.2307/3146943
Published In
Land Economics
DOI
ISSN
0023-7639
Publication Date
January 1, 2001
Volume
77
Issue
4
Start / End Page
595 / 612
Related Subject Headings
- Agricultural Economics & Policy
- 3801 Applied economics
- 1402 Applied Economics