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Identifier to cite or link to this item: https://hdl.handle.net/10086/22920

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Title
Shock and Livestock Transactions in Rural Zambia: a Re-examination of the Buffer Stock Hypothesis
Creator
Creator Name
MIURA, Ken MIURA, Ken
三浦, 憲 三浦, 憲
Affiliation
Affiliation Name
Hitotsubashi University
Creator Name
KANNO, Hiromitsu KANNO, Hiromitsu
菅野, 洋光 菅野, 洋光
Affiliation
Affiliation Name
National Agricultural Research Center for Tohoku Region
Creator Name
SAKURAI, Takeshi SAKURAI, Takeshi
櫻井, 武司 櫻井, 武司
Affiliation
Affiliation Name
Hitotsubashi University
Key Word
asset smoothing
buffer stock
weather risk
livestock
Sub-Saharan Africa
Abstract
This study re-examines the buffer stock hypothesis regarding livestock by taking into account differences in wealth level, asset types, and periods after a shock. This paper takes advantage of a unique panel data set of agricultural households in Southern Province, Zambia. The data were collected by weekly interviews of 48 sample households from November 2007 to December 2009, covering two crop years in which an unusually heavy rainfall event took place. If we consider delayed responses to the heavy rain shock, our econometric analyses support the buffer stock hypothesis for cattle as well as small livestock. Overall, this paper suggests that conventional annual data sets used in the existing literature may miss the period-dependent transactions of assets after a shock.
Publisher
Agricultural Economics Society of Japan
Issued Date
2012-03-31
Language
English(eng)
Resource Type
journal article
Version Type
VoR
NCID
AA11687251
Source Title
The Japanese journal of rural economics
Volume Number
14
Page Start
20
Page End
34
Appears in Collections
010a Journal Articles　=　雑誌掲載論文
URL
https://hdl.handle.net/10086/22920