Vulnerability from trade in Vietnam

Magrini, Emiliano, Montalbano, Pierluigi and Winters, L Alan (2017) Vulnerability from trade in Vietnam. Working Paper. Working paper series.

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This paper assesses vulnerability from trade in Vietnam by presenting an extended version of Ligon and Schechter’s (2003) Vulnerability as low Expected Utility (VEU) measure. It uses the VHLSS panel data covering the period 2002-06. The empirical results show that risk-induced vulnerability and heterogeneity in trade exposure matters in determining household overall vulnerability and that this is not linked to the actual manifestation of shocks. Although it does not represent, by any means, an argument against free trade, this work is relevant for policymaking since it contributes to deepen our knowledge on the subtle links between trade openness and vulnerability providing some insight on the stabilisation needs of trade reforms. These include protecting vulnerable farmers from excessive price volatility, as well as fostering their risk management strategies.

Item Type: Reports and working papers (Working Paper)
Keywords: trade openness; vulnerability; poverty; risk; consumption behaviour; Vietnam
Schools and Departments: University of Sussex Business School > Economics
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: Prof. Pierluigi Montalbano
Date Deposited: 20 Nov 2017 08:18
Last Modified: 20 Nov 2017 08:18

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