The impacts of the food, fuel and financial crises on households in Nigeria. A retrospective approach for research enquiry
AbstractThis paper examines the impacts of the financial, food and fuel crises on the livelihoods of low-income households Nigeria. It uses primary household level data from Nigeria to analyse the impacts of induced price variability on household welfare. Our results indicate that aggregate shocks have significant adverse effects on household consumption, human capital, and labour decisions with a degree of impact variability between northern and southern regions of the country. We find that the coping strategies adopted by the poor to deal with the short-term effects of the crises, and which include substitution for lower quality food, increasing the intensity of work, withdrawing children from school – especially girls – and engaging children in child labour, can lock households in a low-income equilibrium or poverty trap. Provided that covariate shocks exacerbate these effects, tackling the effects of covariate risks becomes central for present and future development policy.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 47348.
Date of creation: 29 May 2013
Date of revision:
food; fuel; financial crisis; poverty; vulnerability; sub-Saharan Africa; Nigeria;
Find related papers by JEL classification:
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
This paper has been announced in the following NEP Reports:
- NEP-AFR-2013-06-09 (Africa)
- NEP-AGR-2013-06-09 (Agricultural Economics)
- NEP-ALL-2013-06-09 (All new papers)
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