Publication:
What Is the Impact of Weather Shocks on Prices?: Evidence from Ethiopia

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dc.contributor.authorHill, Ruth
dc.contributor.authorFuje, Habtamu
dc.date.accessioned2020-09-17T19:09:37Z
dc.date.available2020-09-17T19:09:37Z
dc.date.issued2020-09
dc.description.abstractThe impact of drought on household welfare is the cumulative effect of crop losses and price changes in a local economy that are triggered by these initial losses. This paper combines data on monthly grain prices and wages in 82 retail markets over 17 years with data on district-level weather shocks to quantify the impact of drought on local prices and how this impact varies by month after harvest. The results show that price increases occur immediately after the completion of harvest and then dissipate so that inflationary effects are quite low during the lean season, contrary to commonly held views. The impact of shocks on prices is quite low now in Ethiopia -- 4 percent at its peak post-2005 compared with 12 percent before 2005. In areas of the country where infrastructure investments have been high, there is now almost no inflationary impact of drought on prices. It is not clear whether it is infrastructure investments or something else that has driven that, but it shows that it is possible for rainfall shocks to have no inflationary impacts in low income economies. Inflationary impacts were also reduced more in districts where the Productive Safety Net Program was introduced. Comparing inflationary effects in districts with food versus cash transfers suggests that cash transfers do not have inflationary effects on grain prices during times of drought.en
dc.identifierhttp://documents.worldbank.org/curated/en/840771599657255297/What-is-the-Impact-of-Weather-Shocks-on-Prices-Evidence-from-Ethiopia
dc.identifier.doi10.1596/1813-9450-9389
dc.identifier.urihttps://hdl.handle.net/10986/34475
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9389
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectWEATHER SHOCKS
dc.subjectGRAIN MARKET
dc.subjectSEAONALITY
dc.subjectTRANSFERS
dc.subjectROADS
dc.subjectCROP PRICE
dc.subjectCROP LOSS
dc.subjectSAFETY NETS
dc.titleWhat Is the Impact of Weather Shocks on Prices?en
dc.title.subtitleEvidence from Ethiopiaen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleWhat is the Impact of Weather Shocks on Prices? : Evidence from Ethiopia
okr.date.disclosure2020-09-08
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/840771599657255297/What-is-the-Impact-of-Weather-Shocks-on-Prices-Evidence-from-Ethiopia
okr.guid840771599657255297
okr.identifier.doi10.1596/1813-9450-9389
okr.identifier.externaldocumentum090224b087d8d330_1_0
okr.identifier.internaldocumentum32389711
okr.identifier.reportWPS9389
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/840771599657255297/pdf/What-is-the-Impact-of-Weather-Shocks-on-Prices-Evidence-from-Ethiopia.pdfen
okr.region.administrativeAfrica
okr.region.countryEthiopia
okr.statistics.combined1611
okr.statistics.dr840771599657255297
okr.statistics.drstats1075
okr.topicAgriculture::Agricultural Sector Economics
okr.topicAgriculture::Climate Change and Agriculture
okr.topicAgriculture::Commodity Risk Management
okr.topicAgriculture::Crops & Crop Management Systems
okr.topicEnvironment::Natural Disasters
okr.unitPoverty and Equity Global Practice
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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