Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Shocks, Consumption and Income Diversification in Rural Ethiopia
AU - Porter, C.
PY - 2012
Y1 - 2012
N2 - We present new evidence that households are unable to protect themselves from rainfall failure that occurs on average every five years in rural Ethiopia. However, other less extreme rainfall variation and idiosyncratic shocks such as illness and crop pests do not impact significantly on consumption. Agricultural shocks impact negatively on farm income as expected, however they also stimulate non-agricultural earnings by an equivalent amount. In the case of a covariate shock such as severe rainfall failure, this smoothing mechanism may be ineffective and rainfall insurance or drought-triggered safety nets could provide further protection. © 2012 Copyright Taylor and Francis Group, LLC.
AB - We present new evidence that households are unable to protect themselves from rainfall failure that occurs on average every five years in rural Ethiopia. However, other less extreme rainfall variation and idiosyncratic shocks such as illness and crop pests do not impact significantly on consumption. Agricultural shocks impact negatively on farm income as expected, however they also stimulate non-agricultural earnings by an equivalent amount. In the case of a covariate shock such as severe rainfall failure, this smoothing mechanism may be ineffective and rainfall insurance or drought-triggered safety nets could provide further protection. © 2012 Copyright Taylor and Francis Group, LLC.
U2 - 10.1080/00220388.2011.646990
DO - 10.1080/00220388.2011.646990
M3 - Journal article
VL - 48
SP - 1209
EP - 1222
JO - Journal of Development Studies
JF - Journal of Development Studies
SN - 0022-0388
IS - 9
ER -