English, Article, Journal or magazine article edition: Drought and Saving in West Africa: Are Livestock a Buffer Stock? Marcel Fafchamps; Chris Udry; Katherine Czukas

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Bookmark: http://trove.nla.gov.au/version/142949
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Drought and Saving in West Africa: Are Livestock a Buffer Stock?
Author
  • Marcel Fafchamps
  • Chris Udry
  • Katherine Czukas
Physical Description
  • preprint
Notes
  • Households in the west African semi-arid tropics face substantial risk -- an inevitable consequence of engaging in rainfed agriculture in a drought-prone environment. It has long been hypothesized that these households keep livestock as a buffer stock to insulate their consumption from income fluctuations income. This paper tests this hypothesis. Results indicate that livestock transactions play less of a consumption smoothing role than often assumed. Livestock sales compensate for at most thirty percent, and probably closer to twenty percent of income shortfalls due to village-level shocks alone. We discuss possible explanations for these results and suggest directions for future work.
  • RePEc:wop:stanec:97013
Language
  • English
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