Shocks and Asset Dynamics in Ethiopia
AbstractThis article uses household survey panel data of 416 rural households to study asset dynamics in the northern highlands of Ethiopia and the response of assets to shocks. The period under examination (1996–2003) was marked by severe environmental shocks, including a series of droughts. The article empirically studies the nature of household asset paths over time, using as the point of departure the theory on precautionary savings behavior. Results indicate that the response of assets to weather shocks, the differential effect of these shocks on liquid and less liquid forms of wealth holdings, and the nature of asset dynamics are all consistent with the implications of a precautionary motive for holding wealth.
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Bibliographic InfoArticle provided by University of Chicago Press in its journal Economic Development and Cultural Change.
Volume (Year): 60 (2011)
Issue (Month): 1 ()
Pages: 91 - 120
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Web page: http://www.journals.uchicago.edu/EDCC/
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- Kurosaki, Takashi, 2013. "Dynamics of Household Assets and Income Shocks in the Long-run Process of Economic Development: The Case of Rural Pakistan," PRIMCED Discussion Paper Series 39, Institute of Economic Research, Hitotsubashi University.
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LICOS Discussion Papers
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