Land market responses to weather shocks: evidence from rural Uganda and Kenya
利用乌干达和肯尼亚农户面板数据与高分辨率降水温度数据，研究发现有信贷渠道的家庭在遭遇降雨冲击时会通过租赁或购买更多农田来应对，且冲击会影响土地租金。
Abstract This study explores the responses of rural land markets to rainfall shocks in Uganda and Kenya. This study matches the panel data on farm households with rainfall shocks constructed using high-resolution precipitation and temperature data. In both countries, access to credit plays a key role in defining households’ land market responses to rainfall shocks. Households with access to credit respond to rainfall shocks by acquiring more farmland through increased participation in land rental and sales markets. Pathway analyses suggest that exposure to rainfall shock has an impact on land rental prices. There is some evidence that similar to grain reserves and livestock, land markets can provide an avenue for households to respond to rainfall shocks.