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Growth and Shocks: Evidence from Rural Ethiopia.

Abstract:

Using panel data from rural Ethiopia, the article discusses the determinants of consumption growth (1989-1997), based on a microgrowth model, controlling for heterogeneity. Consumption grew substantially, but with diverse experiences across villages and individuals. Rainfall shocks have a substantial impact on consumption growth, which persists for many years. There also is a persistent growth impact from the large-scale famine in the 1980s, as well as substantial externalities from road infr...

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Authors


Stefan Dercon More by this author
Journal:
Journal of Development Economics
Volume:
74
Publication date:
2004
URN:
uuid:7dfdf779-1773-4a28-8aa1-87b08a6935a3
Local pid:
oai:economics.ouls.ox.ac.uk:10860
Language:
English

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