AGRICULTURAL WEATHER INDICES FOR DEVELOPING COUNTRIES
Keywords:
Key words: Weather derivative, Growing Degree Days, Chilling Degree Hours, Rainfall Index, Event based indices, weather option/futures contract, weather risk management.Abstract
Abstract: The challenge of coping with natural disasters has increased as populations have increased. These challenges have been particularly acute in developing countries where both the human and economic loss can be staggering and financial resources are limited. Reducing economic vulnerability to weather events in developing countries may very well be the most critical economic development challenge of the new millennium.
References
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