Browsing by Author "Poghosyan, Armine"

Now showing 1 - 2 of 2
  • Thumbnail Image
    Quantitative Analysis of Commodity Markets, Household Vulnerability, and Learning Outcomes
    Poghosyan, Armine (Virginia Tech, 2024-08-21)
    Chapter 1 examines alternative specifications of futures-based forecasting models to improve upon existing approaches constrained by restrictive assumptions and limited information sets. We replace historical averages with rolling regressions and incorporate current market information through the deviation of the current basis from its historical average. To address potential non-stationarity and structural changes in the cash-futures price relationship, we employ a five-year rolling estimation window. Our findings indicate that the rolling regression approach yields significant improvements in both accuracy and information content of cotton season-average price forecasts, primarily at short forecast horizons. Chapter 2 addresses challenges in vulnerability assessment for semi-arid regions dependent on rainfed agriculture, where extreme weather events pose significant risks to household livelihoods. Despite advancements in remotely sensed technology, accurately estimating weather variability's impact on household livelihoods remains challenging. This study evaluates the effects of weather anomaly measures, spatial resolutions (i.e., geographic level at which the weather anomaly measures are evaluated), and household characteristics on household likelihood of falling into poverty (i.e., vulnerability) estimates. Combining household consumption data for Niger with remotely sensed agro-environmental measures, we find significant variations in vulnerability estimates based on the use of various weather condition measures (3 percentage points, equivalent to 600,000 households), spatial resolutions (8 percentage points, totalling 1.6 million households), and household characteristics (10 percentage points, equivalent to approximately 2 million households). Chapter 3 evaluates student learning outcomes from student involvement in hands-on learning settings, specifically focusing on student-managed investment funds. To assess the changes in the obtained technical and practical skills, we combine knowledge tests with grading rubrics. As part of practical skills, we consider commodity market analysis, critical thinking, informed decision-making, and insightful interpretation of market analysis results. We evaluate our students' understanding of commodity markets and their practical trading skills before and after joining the student-managed investment fund program. We find significant improvements in student learning outcomes, with students showing an average increase of 28% in disciplinary or technical knowledge and 38% in practical skills. Our findings highlight the importance of hands-on learning experiences to bridge the gap between theoretical knowledge and real-world application and in developing the well-rounded skill set demanded by the job market.
  • Thumbnail Image
    The role of statistical distributions in vulnerability to poverty analysis
    Poghosyan, Armine (Virginia Tech, 2024-04-11)
    In regions characterized by semi-arid climates where households’ welfare primarily relies on rainfed agricultural activities, extreme weather events such as droughts can present existential challenges to their livelihoods. To mitigate these risks, numerous social protection programs have been established to assist vulnerable households affected by weather events. Despite efforts to monitor environmental changes through remotely sensed technology, estimating the impact of weather variability on livelihoods remains challenging. This is compounded by the need to select appropriate statistical distribution for weather anomaly measures and household characteristics. We address these challenges by analyzing household consumption data from the Living Standards Measurement Study survey in Niger and systematically evaluating how each input factor affects vulnerability estimates. Our findings show that the choice of statistical distribution can significantly alter outcomes. For instance, using alternative statistical distribution for vegetation index readings could lead to differences of up to 0.7%, which means around 150,000 more households might be misclassified as not vulnerable. Similarly, variations in household characteristics could result in differences of up to 10 percentage points, equivalent to approximately 2 million households. Understanding these sensitivities helps policymakers refine targeting and intervention strategies effectively. By tailoring assistance programs more precisely to the needs of vulnerable households, policymakers ensure that resources are directed where they can make the most impact in lessening the adverse effects of extreme weather events. This enhances the resilience of communities in semi-arid regions.