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  6. Macroeconomic shocks, human capital and productive efficiency: Evidence from West African farmers

Macroeconomic shocks, human capital and productive efficiency: Evidence from West African farmers

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Cornell_Dyson_wp0318.pdf (244.92 KB)
Permanent Link(s)
https://hdl.handle.net/1813/57847
Collections
Dyson School Working Papers
Author
Barrett, Christopher B.
Sherlund, Shane M.
Adesina, Akinwumi A.
Abstract

Little empirical work has quantified the transitory effects of macroeconomic shocks on farm-level production behavior. We develop a simple analytical model to explain how macroeconomic shocks might temporarily divert managerial attention, thereby affecting farm-level productivity, but perhaps to different degrees and for different durations across production units. We then successfully test hypotheses from that model using panel data bracketing massive currency devaluation in the west African nation of Cote d'Ivoire. We find a transitory increase in mean plot-level technical inefficiency among Ivorien rice producers and considerable variation in the magnitude and persistence of this effect, attributable largely to ex ante complexity of operations, and the educational attainment and off-farm employment status of the plot manager.

Description
WP 2003-18 May 2003
Date Issued
2003-05
Publisher
Charles H. Dyson School of Applied Economics and Management, Cornell University
Type
article

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