Shocks and Agricultural Investment Decisions

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Standard

Shocks and Agricultural Investment Decisions. / Newman, Carol; Tarp, Finn.

I: Food Policy, Bind 94, 101810, 2020.

Publikation: Bidrag til tidsskriftTidsskriftartikelfagfællebedømt

Harvard

Newman, C & Tarp, F 2020, 'Shocks and Agricultural Investment Decisions', Food Policy, bind 94, 101810. https://doi.org/10.1016/j.foodpol.2019.101810

APA

Newman, C., & Tarp, F. (2020). Shocks and Agricultural Investment Decisions. Food Policy, 94, [101810]. https://doi.org/10.1016/j.foodpol.2019.101810

Vancouver

Newman C, Tarp F. Shocks and Agricultural Investment Decisions. Food Policy. 2020;94. 101810. https://doi.org/10.1016/j.foodpol.2019.101810

Author

Newman, Carol ; Tarp, Finn. / Shocks and Agricultural Investment Decisions. I: Food Policy. 2020 ; Bind 94.

Bibtex

@article{94490f04a433479dba36bd79de56e75c,
title = "Shocks and Agricultural Investment Decisions",
abstract = "This study explores the impact of weather shocks on the investment decisions of farmers. We distinguish between the long-term effect of exposure to weather shocks, measured as past exposure to deviations in average rainfall levels, and the effect of weather-related shocks that have recently occurred. We examine how households cope with shocks in the short term, in terms of consumption smoothing and the depletion of liquid assets, and whether over the longer-term shock exposure impacts on household investment decisions and welfare. Our results show that households on average manage to smooth consumption in the face of recent shocks by depleting savings and borrowing. Over the longer-term, households that are exposed to shocks invest less in productive assets leading to lower consumption levels. Moreover, the investment strategies of these households do not appear to pay off once additional shocks occur later on.",
keywords = "Faculty of Social Sciences, Rainfall, Weather shocks, Investment, Shock-coping",
author = "Carol Newman and Finn Tarp",
year = "2020",
doi = "10.1016/j.foodpol.2019.101810",
language = "English",
volume = "94",
journal = "Food Policy",
issn = "0306-9192",
publisher = "Pergamon Press",

}

RIS

TY - JOUR

T1 - Shocks and Agricultural Investment Decisions

AU - Newman, Carol

AU - Tarp, Finn

PY - 2020

Y1 - 2020

N2 - This study explores the impact of weather shocks on the investment decisions of farmers. We distinguish between the long-term effect of exposure to weather shocks, measured as past exposure to deviations in average rainfall levels, and the effect of weather-related shocks that have recently occurred. We examine how households cope with shocks in the short term, in terms of consumption smoothing and the depletion of liquid assets, and whether over the longer-term shock exposure impacts on household investment decisions and welfare. Our results show that households on average manage to smooth consumption in the face of recent shocks by depleting savings and borrowing. Over the longer-term, households that are exposed to shocks invest less in productive assets leading to lower consumption levels. Moreover, the investment strategies of these households do not appear to pay off once additional shocks occur later on.

AB - This study explores the impact of weather shocks on the investment decisions of farmers. We distinguish between the long-term effect of exposure to weather shocks, measured as past exposure to deviations in average rainfall levels, and the effect of weather-related shocks that have recently occurred. We examine how households cope with shocks in the short term, in terms of consumption smoothing and the depletion of liquid assets, and whether over the longer-term shock exposure impacts on household investment decisions and welfare. Our results show that households on average manage to smooth consumption in the face of recent shocks by depleting savings and borrowing. Over the longer-term, households that are exposed to shocks invest less in productive assets leading to lower consumption levels. Moreover, the investment strategies of these households do not appear to pay off once additional shocks occur later on.

KW - Faculty of Social Sciences

KW - Rainfall

KW - Weather shocks

KW - Investment

KW - Shock-coping

U2 - 10.1016/j.foodpol.2019.101810

DO - 10.1016/j.foodpol.2019.101810

M3 - Journal article

VL - 94

JO - Food Policy

JF - Food Policy

SN - 0306-9192

M1 - 101810

ER -

ID: 234511538