publ-mit-podpubl-mit-podSousa-Poza, AlfonsoMburu, SamuelKaiser, Micha2024-04-082024-04-082017-09-282017https://hohpublica.uni-hohenheim.de/handle/123456789/6194Understanding household-level asset dynamics has important implications for designing relevant poverty reduction policies. To advance this understanding, we develop a microeconomic model to analyze the impact of a shock (for example a drought) on the behavioral decisions of pastoralists in Northern Kenya. Using household panel data this study then explores the livestock asset dynamics using both non-parametric and semi-parametric techniques to establish the shape of the asset accumulation path and to determine whether multiple equilibria exist. More specifically, using tropical livestock units as a measure of livestock accumulation over time, we show not only that these assets converge to a single equilibrium but that forage availability and herd diversity play a major role in such livestock accumulation.enghttp://opus.uni-hohenheim.de/doku/lic_mit_pod.phpPoverty dynamicsPastoralistLivestockSemi-parametric estimationKenya300KeniaHirtViehbesatzArmutSemiparametrische SchätzungWorkingPaper493886842urn:nbn:de:bsz:100-opus-14091