Agricultural productivity shocks and poverty in India: the short- and long-term effects of monsoon rainfall

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Bibliographic Details
Authors and Corporations:	Brey, Björn (Author), Hertweck, Matthias S. (Author)
Other Authors:	Hertweck, Matthias S. 1979- [Author]
Type of Resource:	E-Book
Language:	English
published:	Frankfurt am Main Deutsche Bundesbank [2019]
Series:	Deutsche Bundesbank: Discussion paper ; no 2019, 18
Subjects:	rainfall shocks agricultural yield wages food prices Graue Literatur
Source:	Verbunddaten SWB Lizenzfreie Online-Ressourcen
ISBN:	9783957295880

Description
Summary:	This paper examines the dynamic effects of monsoon rainfall shocks on yield, wages, and prices in the Indian agricultural sector. We distinguish between positive and negative rainfall shocks and explicitly consider their spatial dimension (local/regional). We find that particularly negative regional shocks exert adverse effects. The enormous drop in agricultural yield is short-lived, but elicits a persistent decline (increase) in wages (food prices). Negative local shocks affect only wages, but not prices. This indicates that, in the food market, intra-regional trading mitigates the impact of local shocks. However, in the labour market, the arbitrage mechanism through migration appears substantially weaker.
Physical Description:	1 Online-Ressource (circa 52 Seiten); Illustrationen
ISBN:	9783957295880