 Adapting to the new normal: A sustainable livelihood framework for the informal sectors during COVID‐19Tuan Nguyen‐Anh, Shawn Leu, Anh Nguyen‐Thi‐Phuong, Thanh Ngo‐Dang and Nguyen To‐The Review of Development Economics, 2023, vol. 27, issue 2, 1092-1112 Abstract: The extraordinary COVID‐19 outbreak has heightened the existential dangers to the informal sector. This study explores the informal sector's tactics in Vietnam for mitigating the pandemic's effects and better adapting to the new normal. Using a sustainable livelihood approach (SLA) and multivariate model for ordered choices (MVOC) to conduct surveys on 513 subjects from the informal labor, our findings indicate that financial management is the most prevalent technique for mitigating the effects of COVID‐19. Notably, the perception of the COVID‐19 pandemic's impact on income and health is crucial to the adoption of mitigation efforts. The Vietnamese government, State Bank, and financial institutions should provide more help to the informal sector, particularly those operating in remote locations so that they can increase their resilience through mitigating measures. In parallel, the informal sector should participate in more deliberate forward mitigation planning in the anticipation of inevitable future shocks. Date: 2023 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:rdevec:v:27:y:2023:i:2:p:1092-1112 Ordering information: This journal article can be ordered from Access Statistics for this article Review of Development Economics is currently edited by E. Kwan Choi More articles in Review of Development Economics from Wiley Blackwell |
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