Shock and Livestock Transactions in Rural Zambia: a Re-examination of the Buffer Stock Hypothesis

Ken Miura (), Hiromitsu Kanno and Takeshi Sakurai

Japanese Journal of Agricultural Economics (formerly Japanese Journal of Rural Economics), 2012, vol. 14, 15

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.

Keywords: International; Development (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jpjjre:242125

DOI: 10.22004/ag.econ.242125

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