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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Is Livestock Important for Risk Behaviour and Activity Choice of Rural Households? Evidence from Kenya
Author:Imai, Katsushi
Periodical:Journal of African Economies
Geographic term:Kenya
animal husbandry
rural households
Agriculture, Natural Resources and the Environment
Economics and Trade
Peoples of Africa (Ethnic Groups)
External link:http://jae.oxfordjournals.org/content/12/2/271.full.pdf
Abstract:This paper presents an alternative view on causes of differentiation in rural Kenya, focusing on the role of livestock as liquid assets. The author uses cross-sectional household data in central and western Kenya. He first examines the extent to which households are liquidity-constrained in relation with livestock holdings. It is suggested that many rural households are currently liquidity-constrained and liquidity constraints are closely associated with cattle holdings. He also finds that a differentiation process exists in which the households with high endowments and livestock can augment their income by directing more inputs to high-return activities, while poor households who are more likely to be liquidity-constrained cannot. The results show that the difference in liquid assets with associated credit constraints is one of the possible causes for differentiation of households in rural Kenya. Bibliogr., notes, ref., sum. [Journal abstract]