Famine, Finance, and Adjustment to Environmental Shock: Microcredit and the Great Famine in Ireland
The Great Famine of Ireland from 1845-51 ranks as one of the most lethal of all time, claiming approximately one eighth of the country’s population. Utilizing Famine Relief Commission reports to develop a micro-level dataset of blight severity, I find that in the short run, districts more severely infected by blight experienced larger population declines and accumulations of buffer livestock. In the medium and long runs, however, worse affected districts experienced greater substitutions toward other tillage crops and grazing livestock. Using annual reports of the Irish Loan Funds, I further find that access to microfinance credit was an important factor in short- and long-run adjustment to blight. Districts with at least one microfinance fund during the Famine experienced substantially smaller population declines and larger increases in buffer livestock during and immediately after the Famine, and greater medium- and long-run substitutions toward other crops and grazing livestock, than districts without a fund.
|Date of creation:||Jul 2013|
|Date of revision:|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rosenzweig, Mark R. & Stark, Oded, 1987.
"Consumption Smoothing, Migration and Marriage: Evidence from Rural India,"
7515, University of Minnesota, Economic Development Center.
- Rosenzweig, Mark R & Stark, Oded, 1989. "Consumption Smoothing, Migration, and Marriage: Evidence from Rural India," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 905-26, August.
- Hollis, Aidan & Sweetman, Arthur, 2001. "The life-cycle of a microfinance institution: the Irish loan funds," Journal of Economic Behavior & Organization, Elsevier, vol. 46(3), pages 291-311, November.
- Harounan Kazianga & Christopher Udry, 2004.
"Consumption Smoothing? Livestock, Insurance and Drought in Rural Burkina Faso,"
898, Economic Growth Center, Yale University.
- Kazianga, Harounan & Udry, Christopher, 2006. "Consumption smoothing? Livestock, insurance and drought in rural Burkina Faso," Journal of Development Economics, Elsevier, vol. 79(2), pages 413-446, April.
- Richard Hornbeck, 2009.
"The Enduring Impact of the American Dust Bowl: Short and Long-run Adjustments to Environmental Catastrophe,"
NBER Working Papers
15605, National Bureau of Economic Research, Inc.
- Richard Hornbeck, 2012. "The Enduring Impact of the American Dust Bowl: Short- and Long-Run Adjustments to Environmental Catastrophe," American Economic Review, American Economic Association, vol. 102(4), pages 1477-1507, June.
- Hornbeck, Richard A., 2012. "The Enduring Impact of the American Dust Bowl: Short- and Long-Run Adjustments to Environmental Catastrophe," Scholarly Articles 11303325, Harvard University Department of Economics.
- Conley, T.G. & Udry, C.R., 2000.
"Learning about a New Technology: Pineapple in Ghana,"
817, Yale - Economic Growth Center.
- Timothy G. Conley & Christopher R. Udry, 2005. "Learning about a new technology: pineapple in Ghana," Proceedings, Federal Reserve Bank of San Francisco.
- Timothy G. Conley & Christopher R. Udry, 2010. "Learning about a New Technology: Pineapple in Ghana," American Economic Review, American Economic Association, vol. 100(1), pages 35-69, March.
- Timothy G. Conley & Christopher R. Udry, 2000. "Learning About a New Technology: Pineapple in Ghana," Working Papers 817, Economic Growth Center, Yale University, revised May 2004.
- Hollis, Aidan & Sweetman, Arthur, 2004. "Microfinance and Famine: The Irish Loan Funds during the Great Famine," World Development, Elsevier, vol. 32(9), pages 1509-1523, September.
- Munshi, Kaivan, 2004. "Social learning in a heterogeneous population: technology diffusion in the Indian Green Revolution," Journal of Development Economics, Elsevier, vol. 73(1), pages 185-213, February.
- Fafchamps, Marcel & Udry, Christopher & Czukas, Katherine, 1998.
"Drought and saving in West Africa: are livestock a buffer stock?,"
Journal of Development Economics,
Elsevier, vol. 55(2), pages 273-305, April.
- Marcel Fafchamps & Chris Udry & Katherine Czukas, . "Drought and Saving in West Africa: Are Livestock a Buffer Stock?," Working Papers 97013, Stanford University, Department of Economics.
- Hollis, Aidan & Sweetman, Arthur, 1998.
"Microcredit in Prefamine Ireland,"
Explorations in Economic History,
Elsevier, vol. 35(4), pages 347-380, October.
- Gine, Xavier & Klonner, Stefan, 2006.
"Credit Constraints as a Barrier to Technology Adoption by the Poor: Lessons from South-Indian Small-Scale Fishery,"
Working Paper Series
RP2006/104, World Institute for Development Economic Research (UNU-WIDER).
- Gine, Xavier & Klonner, Stefan, 2005. "Credit constraints as a barrier to technology adoption by the poor : lessons from South Indian small-scale fishery," Policy Research Working Paper Series 3665, The World Bank.
- Melissa Dell & Benjamin F. Jones & Benjamin A. Olken, 2012. "Temperature Shocks and Economic Growth: Evidence from the Last Half Century," American Economic Journal: Macroeconomics, American Economic Association, vol. 4(3), pages 66-95, July.
- Townsend, R.M., 1991.
"Risk and Insurance in Village India,"
University of Chicago - Economics Research Center
91-3, Chicago - Economics Research Center.
- Robert M. Townsend, . "Risk and Insurance in Village India," University of Chicago - Population Research Center 91-3a, Chicago - Population Research Center.
- Christopher Udry, 1994. "Risk and Insurance in a Rural Credit Market: An Empirical Investigation in Northern Nigeria," Review of Economic Studies, Oxford University Press, vol. 61(3), pages 495-526.
- de Janvry, Alain & Fafchamps, Marcel & Sadoulet, Elisabeth, 1991. "Peasant Household Behaviour with Missing Markets: Some Paradoxes Explained," Economic Journal, Royal Economic Society, vol. 101(409), pages 1400-417, November.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:50324. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.