Households’ vulnerability from trade in Vietnam

Magrini, Emiliano, Montalbano, Pierluigi and Winters, L Alan (2018) Households’ vulnerability from trade in Vietnam. World Development, 112. pp. 46-58. ISSN 0305-750X

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Abstract

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 Vietnam Household Living Standard Surveys (VHLSS) panel data covering the period 2002–06. The empirical results show that risk-induced vulnerability and heterogeneity in trade exposure matter 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 and informs us about suitable instruments to accompany it.

Item Type: Article
Keywords: Trade openness, Vulnerability, Poverty, Risk, Vietnam
Schools and Departments: School of Business, Management and Economics > Economics
Subjects: H Social Sciences > HF Commerce > HF1414.4 Exports
Depositing User: Prof. Pierluigi Montalbano
Date Deposited: 07 Sep 2018 15:15
Last Modified: 02 Jul 2019 14:35
URI: http://sro.sussex.ac.uk/id/eprint/78564

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