Managing Environmental Risk in Presence of Climate Change: The Role of Adaptation in the Nile Basin of Ethiopia

Salvatore Falco () and Marcella Veronesi
Additional contact information
Salvatore Falco: University of Geneva

A chapter in Climate Smart Agriculture, 2018, pp 497-526 from Springer

Abstract: Abstract This study investigates the impact of climate change adaptation on farm households’ downside risk exposure in the Nile Basin of Ethiopia. The analysis relies on a moment-based specification of the stochastic production function. We use an empirical strategy that accounts for the heterogeneity in the decision on whether to adapt or not, and for unobservable characteristics of farmers and their farm. We find that past adaptation to climate change (i) reduces current downside risk exposure, and subsequently the risk of crop failure; (ii) would have been more beneficial to the non-adapters if they adapted, in terms of reduction in downside risk exposure; and (iii) is a successful risk management strategy that makes the adapters more resilient to climatic conditions.

Keywords: Adaptation; Climate change; Downside risk exposure; Rnvironmental risk; Ethiopia (search for similar items in EconPapers)
JEL-codes: D80 Q18 Q54 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (4)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Managing Environmental Risk in Presence of Climate Change: The Role of Adaptation in the Nile Basin of Ethiopia (2014)
Working Paper: Managing Environmental Risk in Presence of Climate Change: The Role of Adaptation in the Nile basin of Ethiopia (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:nrmchp:978-3-319-61194-5_21

Ordering information: This item can be ordered from
http://www.springer.com/9783319611945

DOI: 10.1007/978-3-319-61194-5_21

Access Statistics for this chapter

More chapters in Natural Resource Management and Policy from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().