Understanding the Impact of Idiosyncratic Shocks on Farm Productivity and Household Assets in Ethiopia, Ghana and Bangladesh
World Bank World Development Report; NSF Doctoral Dissertation Improvement Grant; International Growth Centre; NSF Doctoral Dissertation Improvement Grant; UK Economic and Social Research Council
Ernest Aryeetey; Christopher B. Barrett; Agnes Quisumbing
New evidence that idiosyncratic risk dominates covariate risk in rural Africa and Asia indicates the potential contribution of improved local risk management to household asset accumulation, productivity growth and poverty reduction in developing countries. This research aimed to clarify what existing mechanisms help households through episodes of negative shocks, what gaps in coverage exist, and how different interventions affect productivity in Bangladesh, Ethiopia and Ghana.