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- school of business & economics ( economics )
- PhD student
Melinda Vigh is a PhD student in Economics. Her supervisors are prof. Chris Elbers and prof. Jan Willem Gunning. In 2008, she graduated cum laude from the MPhil in Economics program of the Tinbergen Institute and UvA with a specialization in Econometrics and Empirical Microeconomics. During her studies she was awarded the Tinbergen Institute Scholarship and the Huygens Scholarship. Before moving to the Netherlands in 2006, she obtained her MA degree in Economics at the Corvinus University of Budapest.
applied micro-econometrics, asset accumulation decisions, measurement error, estimating structural models, impact evaluation
SHOCKS, MEASUREMENT ERROR AND ASSET ACCUMULATION IN RURAL ETHIOPIA
The livelihood of rural households in developing countries can be severely affected by erratic weather conditions and diseases in the absence of functioning insurance and credit mechanisms to cushion the fluctuations in their income streams. The objective of the research is to assess the welfare gain from alleviating these risk factors. To this end, we focus on the effect of shocks on the asset accumulation decisions of households. Following the methodology of Elbers et al (2007) we analyze the observed livestock accumulation of rural households in the Ethiopian Rural Household Survey. One part of the research extends the Ramsey model of Elbers et al (2007) by introducing heterogeneity in the asset holdings. The general idea is that aggregating different livestock types may lead to misleading results if their role in income generation differ. For example, cattle are generally kept for their contribution to household income, while small livestock like sheep are held as savings. The other part of the research focuses on separating the effect of measurement error from the effects of true shocks on the observed fluctuations of livestock holdings.
Reference: Elbers, C; Gunning, JW and Kinsey, B (2007): ‘Growth and Risk: Methodology and Micro Evidence’, World Bank Economic Review.
IMPACT EVALUATION OF A WATER, SANITATION AND HYGIENE PROGRAM IN MOZAMBIQUE
Melinda is also involved in the impact evaluation of the 'One Million Initiative' program in Mozambique. See www.aiid.org for more information on this research project.