Modernization, weather variability, and vulnerability to famine.

@article{DAlessandro2011ModernizationWV,
  title={Modernization, weather variability, and vulnerability to famine.},
  author={Simone D’Alessandro},
  journal={Oxford economic papers},
  year={2011},
  volume={63 4},
  pages={
          625-47
        }
}
This paper shows that under weather variability the transformation from a rural to an incomplete market economy can increase the vulnerability of peasants to famine. This can occur even if improvements in technology have raised agricultural productivity and made production less responsive to weather variability. Indeed, negative environmental shocks can produce a drop in wages that outweighs the increase in wages due to an equivalent positive environmental shock. Consequently, the amount of… Expand
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