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  Risk management under climate change and its implication on technical efficiency: Evidence from Senegal

Collins-Sowah, P. A., Adjin, K. C., Henning, C. H. C. A., Kanu, E. A. (2023): Risk management under climate change and its implication on technical efficiency: Evidence from Senegal. - Q Open, 3, 1, qoad006.
https://doi.org/10.1093/qopen/qoad006

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Item Permalink: https://publications.pik-potsdam.de/pubman/item/item_28630 Version Permalink: https://publications.pik-potsdam.de/pubman/item/item_28630_1
Genre: Journal Article

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https://doi.org/10.5281/zenodo.7787196 (Supplementary material)
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 Creators:
Collins-Sowah, Peron Agbeti1, Author              
Adjin, Kougblenou C.2, Author
Henning, Christian H. C. A.2, Author
Kanu, Edmond A.2, Author
Affiliations:
1Potsdam Institute for Climate Impact Research, Potsdam, ou_persistent13              
2External Organizations, ou_persistent22              

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 Abstract: Using empirical data from a nationally representative farm household survey in Senegal, this study evaluated the impact of different risk management strategies employed by farm households on technical efficiency (TE). The findings of the study suggest that risk management has implications for TE. We find that the use of ex-post risk management strategies is associated with relatively higher technical efficiencies with respect to the meta-frontier compared to other risk management strategies. Households employing only ex-ante risk management strategies were observed to be the least technically efficient in comparison to households employing other risk management strategies. The findings also suggest that managing production risks using multiple strategies does not necessarily result in the highest TE gain compared to the use of single strategies. The findings underscore the need to evaluate the trade-offs and likely consequences of risk management approaches used by farm households to provide countermeasures to deal with any adverse related effects.

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Language(s): eng - English
 Dates: 2022-09-192023-03-092023-03-202023-03-20
 Publication Status: Finally published
 Pages: 22
 Publishing info: -
 Table of Contents: -
 Rev. Type: Peer
 Identifiers: DOI: 10.1093/qopen/qoad006
MDB-ID: No MDB - stored outside PIK (see DOI)
Organisational keyword: RD3 - Transformation Pathways
PIKDOMAIN: RD3 - Transformation Pathways
Regional keyword: Africa
Model / method: Quantitative Methods
Research topic keyword: Adaptation
Research topic keyword: Food & Agriculture
OATYPE: Gold Open Access
 Degree: -

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Title: Q Open
Source Genre: Journal, Scopus, oa
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Pages: - Volume / Issue: 3 (1) Sequence Number: qoad006 Start / End Page: - Identifier: CoNE: https://publications.pik-potsdam.de/cone/journals/resource/2633-9048
Publisher: Oxford University Press