Drought and Saving in West Africa: Are Livestock a Buffer Stock?

Households in the West African semi-arid tropics face substantial risk--an inevitable consequence of engaging in rainfed agriculture in a drought-prone environment. It has long been hypothesized that these households keep livestock as a buffer stock to insulate their consumption from income fluctuat...

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Bibliographic Details
Main Authors: Fafchamps, M, Udry, C, Czukas, K
Format: Journal article
Language:English
Published: 1998