Risk and Household Grain Management in Developing Countries
Bibliographic Data
| ID | 9703451 |
|---|---|
| Authors | Albert Park (0009-0007-3323-120X, University of Michigan, corresponding author) |
| Year | 2006 |
| Volume | 116 |
| Issue | 514 |
| Pages | 1088-1115 |
| Publication date | 2006-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2006.01124.x |
| OpenAlex | W2126299250 |
| Language | EN |
| Citations received | 19 |
| References cited | 35 |
A dynamic model is presented of a household's joint production, storage, and trade decisions when facing transaction costs and risk in prices and yields. Grain management decisions balance the goals of maximising profits and reducing consumption price risk. Model solutions calibrated to Chinese data show that grain's consumption role makes it an attractive form of precautionary saving even when households have access to credit, the joint nature of production and savings decisions limits the income loss associated with risk-coping, and the desire to store grain can explain why subsistence households are frequently net purchasers but rarely net sellers of grain. Copyright 2006 The Author(s). Journal compilation Royal Economic Society 2006
Developing country · Economic growth · Economic history · Economics · Library science · Political science · Agricultural risk and resilience · Computer Science · Income, Poverty, and Inequality · Microfinance and Financial Inclusion
Trade, storage, and climate extremes
Can Labor Out-Migration Reduce Firewood Consumption by Rural Households in Western Mountainous China
Precautionary Behavior, Migrant Networks, and Household Consumption Decisions
Why does on‐farm storage fail to mitigate price volatility
Impact of advanced storage facilities on households’ maize storage losses and food security in China
Understanding asset holdings of Vietnamese households
Household-specific food price differentials and high-value crop production in rural Ghana
Deep Impact
Adaptation, spatial effects, and targeting
Unanticipated events, perceptions, and household labor allocation in Zimbabwe
Natural Disaster, Poverty, and Development
Gender differences in risk behavior
Income Risk and Household Schooling Decisions in Burkina Faso
Is life more risky in the open? Household risk-coping and the opening of China's labor markets
Precautionary saving under liquidity constraints
Chronic and transient poverty
Extreme heat and rural household adaptation
Blame it on the rain
Livestock as a Buffer Stock in Poorly Integrated Markets
Attitudes Toward Risk
Cash Crop Production, Food Price Volatility, and Rural Market Integration in the Third World
Saving and Liquidity Constraints
On the Behaviour of Commodity Prices
Precautionary Saving, Credit Constraints, and Irreversible Investment
The dynamic cost and persistence of asset inequality in an agrarian economy
A two-season agricultural household model of output and price uncertainty
Credit as insurance in agrarian economies
Asset smoothing, consumption smoothing and the reproduction of inequality under risk and subsistence constraints
Drought and saving in West Africa
Cattle Cycles
Consumption and Liquidity Constraints
Credit Market Constraints, Consumption Smoothing, and the Accumulation of Durable Production Assets in Low-Income Countries
Competitive Storage and Commodity Price Dynamics
The Economic Role of Commodity Storage
General Equilibrium Trade Policy Modeling
Wealth, Weather Risk and the Composition and Profitability of Agricultural Investments
Storage and Commodity Markets
Changing Food Prices and Rural Welfare
Do High Food Marketing Costs Constrain Cash Crop Production? Evidence from Zimbabwe
Income Smoothing and Consumption Smoothing
| Unique citing works | 19 |
|---|---|
| Citations per year | 0,9 |
| Citation span | 2005 - 2026 (22) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 19 |