Little empirical work has quantified the transitory effects of macroeconomic shocks on farm-level production behaviour. We develop a simple analytical model to explain how macroeconomic shocks might temporarily divert managerial attention, thereby affecting farm-level productivity, but perhaps...

Smallholder agricultural production depends heavily on environmental production conditions that are largely exogenously determined. Yet few data sets collect necessary, detailed information on environmental production conditions. This oversight raises the spectre of likely omitted variables bias...

This paper presents evidence on the effects of two different sorts of policy shocks on observed income diversification patterns in rural Cote d'Ivoire and Kenya. Data from Cote d'Ivoire show that massive currency devaluation reduced farmer income diversification by inducing a reallocation of...

Smallholder agricultural production depends heavily on environmental production conditions that are largely exogenously determined. Yet few data sets collect necessary, detailed information on environmental production conditions. This oversight raises the spectre of likely omitted variables bias...

This paper presents evidence on the effects of two different sorts of policy shocks on observed income diversification patterns in rural Africa. In Cote d'Ivoire, households with poor endowments were less able to respond to attractive emerging on-farm and non-farm opportunities. Due to entry...

Little empirical work has quantified the transitory effects of macroeconomic shocks on farm-level production behavior. We develop a simple analytical model to explain how macroeconomic shocks might temporarily divert managerial attention, thereby affecting farm-level productivity, but perhaps to...