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Mburu, Samuel
Kaiser, Micha
Sousa-Poza, Alfonso
Year of Publication: 
Series/Report no.: 
Hohenheim Discussion Papers in Business, Economics and Social Sciences No. 25-2017
Universität Hohenheim, Fakultät Wirtschafts- und Sozialwissenschaften, Stuttgart
Understanding household-level asset dynamics has important implications for designing relevant poverty reduction policies. To advance this understanding, we develop a microeconomic model to analyze the impact of a shock (for example a drought) on the behavioral decisions of pastoralists in Northern Kenya. Using household panel data this study then explores the livestock asset dynamics using both non-parametric and semi-parametric techniques to establish the shape of the asset accumulation path and to determine whether multiple equilibria exist. More specifically, using tropical livestock units as a measure of livestock accumulation over time, we show not only that these assets converge to a single equilibrium but that forage availability and herd diversity play a major role in such livestock accumulation.
poverty dynamics
semi-parametric estimation
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Working Paper

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