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SUMMARY:Necessity is the Mother of Invention: the Emergence of the Relucta
 nt Entrepreneur in Rural Ethiopia - Professor Salvatore Di Falco\, Univers
 ity of Geneva
DTSTART:20170215T160000Z
DTEND:20170215T170000Z
UID:TALK69928@talks.cam.ac.uk
CONTACT:Ingrid Cizaite
DESCRIPTION:We estimate the effect of weather driven negative income shock
 s on the likelihood of starting non-farm enterprise in rural Ethiopia. We 
 find that farm households that are exposed to random negative rainfall sho
 cks are more likely to start a non-farm enterprise. Contrary to a model of
  credit constraints with initial capital requirement\, we find that entrep
 reneurial activities are guided by necessity or ex-post income smoothing r
 ather than business opportunity or ex ante risk management strategies. Mor
 eover\, we find that business initiated for necessity tend to perform poor
 ly and yet persist overtime\, i.e. new entrepreneurs do not revert back to
  full farming when hit by a positive productivity shock.\n\nSalvatore Di F
 alco is a Professor at the Department of Economics\, University of Geneva.
    Salvatore Di Falco completed a first degree in Economics at the Univers
 ity of Palermo (Italy). He was awarded a MSc in Economics and a PhD in Env
 ironmental Economics from the University of York (UK). He also hold a Doct
 orate in Agricultural Economics from the University of Catania (Italy). He
  held a Lectureship in Environment and Development at the LSE and in Appli
 ed Economics at the University of Kent. He also held  postdoctoral positio
 ns at the National University of Ireland\, University of Maryland and the 
 University of East Anglia. He was visiting Professor at the University of 
 Wisconsin\, Madison.  He is honorary Lecturer at the Imperial College Lond
 on and Research Fellow at the Environment for Development Initiative Ethio
 pia centre (http://www.environmentfordevelopment.org/).  He is an Associat
 e Editor of Environment and Development Economics (Cambridge University Pr
 ess) and of Food Security (Springer). 
LOCATION:Mill Lane Lecture Room 1
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