IDEAS home Printed from https://ideas.repec.org/p/hal/wpaper/hal-04497903.html
   My bibliography  Save this paper

Trade, Storage, and Climate Extremes: Theory and Evidence from Sub-Saharan Africa

Author

Listed:
  • Charlotte Janssens

    (KU Leuven - Catholic University of Leuven = Katholieke Universiteit Leuven)

Abstract

Global warming is associated with increasingly widespread and frequent climate extremes. This paper develops a dynamic stochastic multi-region model of consumption smoothing, storage, and trade to investigate the buffering effect of agricultural markets in the context of climate extremes. The theory provides new insights on the impact of household market transaction costs, borrowing constraints and the spatiotemporal pattern of climate shocks. A large-scale empirical analysis of market access, climate extremes, and food insecurity at quarterly subnational level in Sub-Saharan Africa supports the theoretical predictions. Regions with shorter travel times to cities and ports experience a smaller detrimental impact on food insecurity from severe and extreme dry conditions. Trade and storage appear partly substitutes in buffering the food insecurity impacts of country-wide and multi-year climate extremes.

Suggested Citation

  • Charlotte Janssens, 2024. "Trade, Storage, and Climate Extremes: Theory and Evidence from Sub-Saharan Africa," Working Papers hal-04497903, HAL.
    • Handle: RePEc:hal:wpaper:hal-04497903
    Note: View the original document on HAL open archive server: https://hal.inrae.fr/hal-04497903
    as

    Download full text from publisher

    File URL: https://hal.inrae.fr/hal-04497903/document
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:wpaper:hal-04497903. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.