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ResearchPaper
2017
Livestock asset dynamics among pastoralists in Northern Kenya
Livestock asset dynamics among pastoralists in Northern Kenya
Abstract (English)
Understanding household-level asset dynamics has important implications for designing relevant poverty reduction policies. To advance this understanding, we develop a microeconomic model to analyze the impact of a shock (for example a drought) on the behavioral decisions of pastoralists in Northern Kenya. Using household panel data this study then explores the livestock asset dynamics using both non-parametric and semi-parametric techniques to establish the shape of the asset accumulation path and to determine whether multiple equilibria exist. More specifically, using tropical livestock units as a measure of livestock accumulation over time, we show not only that these assets converge to a single equilibrium but that forage availability and herd diversity play a major role in such livestock accumulation.
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Hohenheim discussion papers in business, economics and social sciences; 2017,25
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Faculty of Business, Economics and Social Sciences
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Institute of Economics
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English
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300 Social sciences, sociology, and anthropology