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What is Risk Dercon Africa about?

The document reviews the implications of risk and its consequences in Africa, arguing that existing research focuses too much on risk management and short-term coping mechanisms while neglecting long-term effects on growth and poverty. It highlights the need for more comprehensive studies that distinguish between risk and shocks, as well as the importance of exploring under-researched areas such as market failures and institutional risks. The paper calls for integrating experimental and behavioral economics

Author

25msceco017

Language

EN