| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22626 |
| 来源ID | Working Paper 22626 |
| Heterogeneous Wealth Dynamics: On the Roles of Risk and Ability | |
| Paulo Santos; Christopher B. Barrett | |
| 发表日期 | 2016-09-12 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | This paper studies the causal mechanisms behind persistent poverty. Using original data on Boran pastoralists of southern Ethiopia, we find that heterogeneous and nonlinear wealth dynamics arise purely in adverse states of nature. In favorable states, expected herd grow is quasi-linear and universal. We further show that those with lower herding ability, as reflected in past herd growth data, converge to a unique equilibrium at a small herd size while those with higher ability exhibit multiple stable dynamic wealth equilibria. |
| 主题 | Development and Growth ; Development ; Environmental and Resource Economics ; Agriculture |
| URL | https://www.nber.org/papers/w22626 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580299 |
| 推荐引用方式 GB/T 7714 | Paulo Santos,Christopher B. Barrett. Heterogeneous Wealth Dynamics: On the Roles of Risk and Ability. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22626.pdf（407KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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