Institutional Barriers to Technology Diffusion in Rural Africa∗
نویسنده
چکیده
This paper analyzes the connection between informal insurance institutions in rural Africa and the adoption of new technologies. We model two linked games — a community risk-sharing game and an old-age insurance game — and analyze the multiple equilibria that arise. We provide a numerical example that indicates that informal insurance institutions may put a downward pressure on the adoption of new technologies. JEL classification: O11; O17; O33
منابع مشابه
Institutional Barriers to Technology Di¤usion in Rural Africa
Why is Africa poor? Conversely, what has sustained the immense economic growth we have seen in the U.K., the U.S., and other developed countries over the last couple of centuries? While there is no single answer to these questions, technical change looms large among possible explanations. From Solow’s seminal work on growth theory to the “new growth economics”, technical change is the engine of...
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