000			01378cam a2200205 4500500
005			20250121152448.0
041			_afre
042			_adc
100	1	0	_aGunning, Jan Willem _eauthor
245	0	0	_aRisk, Shocks and Development
260			_c2014.
500			_a58
520			_aIn many developing economies, notably in Africa, both governments and private agents live in a high risk environment but have only poor risk coping mechanisms at their disposal. Nevertheless development is typically analyzed as if it occurs in a world without risk. This may be because the effect of risk and shocks on growth is poorly understood. The ex post effects are often implicitly assumed to cancel out in expectation while in the analysis of the ex ante effects it is often assumed that agents have access to perfect assets. This paper argues that the peripheral position of risk in the development literature is a dangerous mistake: risk and shocks should be a central concern for development economists.JEL Classification: D91, C51, O12, O11.
690			_ainsurance
690			_arisk and growth
690			_atrade shocks
690			_aprecautionary savings
786	0		_nRevue d'économie du développement | 22 | HS01 | 2014-06-23 | p. 35-49 | 1245-4060
856	4	1	_uhttps://shs.cairn.info/revue-d-economie-du-developpement-2014-HS01-page-35?lang=fr&redirect-ssocas=7080
999			_c597945 _d597945