Education regulation as an instrument of income distribution: The case of Ceara
In: The quarterly review of economics and finance, Volume 48, Issue 2, p. 377-388
ISSN: 1062-9769
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In: The quarterly review of economics and finance, Volume 48, Issue 2, p. 377-388
ISSN: 1062-9769
In: Environment and development economics, Volume 13, Issue 2, p. 201-227
ISSN: 1469-4395
ABSTRACTA number of studies show that climatic shocks have significant economic impacts in several regions of the world, especially in, but not limited to, developing economies. In this paper we focus on a drought-related indicator of well-being and emergency spending in the Brazilian semi-arid zone – rainfed corn market – and estimate aggregate behavioral and forecast models for this market conditional on local climate determinants. We find encouraging evidence that our approach can help policy makers buy time to help them prepare for drought mitigating actions. The analysis is applicable to economies elsewhere in the world and climatic impacts other than those caused by droughts.