Macroeconomic Shocks, Human Capital and Productive Efficiency: Evidence from West African Farmers

Cornell University Applied Economics and Management Working Paper No. 2003-18

32 Pages Posted: 5 Jun 2001

See all articles by Christopher B. Barrett

Christopher B. Barrett

Cornell University - Charles H. Dyson School of Applied Economics & Management

Shane M. Sherlund

Federal Reserve Board of Governors

Akinwumi A. Adesina

The Rockefeller Foundation

Date Written: May 2003

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.

JEL Classification: O1, Q12, Q18

Suggested Citation

Barrett, Christopher B. and Sherlund, Shane M. and Adesina, Akinwumi A., Macroeconomic Shocks, Human Capital and Productive Efficiency: Evidence from West African Farmers (May 2003). Cornell University Applied Economics and Management Working Paper No. 2003-18. Available at SSRN: https://ssrn.com/abstract=270480 or http://dx.doi.org/10.2139/ssrn.270480

Christopher B. Barrett (Contact Author)

Cornell University - Charles H. Dyson School of Applied Economics & Management ( email )

315 Warren Hall
Ithaca, NY 14853-7801
United States
607-255-4489 (Phone)
607-255-9984 (Fax)

HOME PAGE: http://aem.cornell.edu/faculty_sites/cbb2/

Shane M. Sherlund

Federal Reserve Board of Governors ( email )

20th and C Streets, NW
Mailstop 93
Washington, DC 20551
United States
202-452-3589 (Phone)
202-728-5887 (Fax)

Akinwumi A. Adesina

The Rockefeller Foundation ( email )

420 Fifth Avenue
New York, NY 10018-2702
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
79
Abstract Views
1,037
rank
309,954
PlumX Metrics