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Study of the demand for agricultural insurance in the Republic of Kazakhstan

https://doi.org/10.38050/013001052020610

Abstract

The article presents the results of a study of the demand for agricultural insurance in the Republic of Kazakhstan. For about 16 years, Kazakhstan had a system of compulsory insurance in crop production, but the level of insured areas fluctuated from year to year, reaching their minimum value of 38% in 2019. Drawing on statistics from 2010 to 2018 of the two largest cereal growing regions (Kostanay and Akmola regions) and using the weighted least squares method, the author constructs an econometric model of the dependence of insured areas share on a number of factors. The determinants for the analysis were such indicators as the gross profit of agricultural producer, yield results, material costs, rainfall in winter and pre-sowing season.

About the Author

Yu. V. Baeva
Lomonosov Moscow State University, Kazakhstan branch
Kazakhstan
Yu. V. Baeva

Nur-Sultan



References

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Review

For citations:


Baeva Yu.V. Study of the demand for agricultural insurance in the Republic of Kazakhstan. Moscow University Economics Bulletin. 2020;(6):193-207. (In Russ.) https://doi.org/10.38050/013001052020610

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ISSN 0130-0105 (Print)