Assessing the Economic Vulnerability of Small Island Developing States and the Least Developed Countries

Patrick Guillaumont ()

No 200913, Working Papers from CERDI

Abstract: Macro vulnerability of the small island developing states (SIDS) as well as of least developed countries (LDCs) has been an increasing concern for the international community. This concern has led to the design of an economic vulnerability index (EVI). EVI assesses the structural economic vulnerability resulting from natural or external shocks faced by countries, and from their exposure to these shocks. Focussing on the consequences of exogeneous instabilities, we first explain how vulnerability affects growth, development and poverty reduction, particularly in small developing countries. The channels of transmission of shocks are explored. We then examine how the EVI, as a synthetic measure of structural vulnerability, has been designed and how it can be used to compare SIDS and LDCs, two groups of developing countries particularly vulnerable, but in a different way. Lastly, we argue that EVI is a relevant tool not only for the identification of LDCs, but also for the geographical aid allocation, so as to favour vulnerable countries, including both LDCs and SIDS, even though not all SIDS qualify as LDCs.

Pages: 39
Date: 2009
New Economics Papers: this item is included in nep-dev
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://publi.cerdi.org/ed/2009/2009.13.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://publi.cerdi.org/ed/2009/2009.13.pdf [301 Moved Permanently]--> https://publi.cerdi.org/ed/2009/2009.13.pdf)

Related works:
Journal Article: Assessing the Economic Vulnerability of Small Island Developing States and the Least Developed Countries (2010)
Working Paper: Assessing the Economic Vulnerability of Small Island Developing States and the Least Developed Countries (2010)
Working Paper: Assessing the Economic Vulnerability of Small Island Developing States and the Least Developed Countries (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cdi:wpaper:1063

Access Statistics for this paper

More papers in Working Papers from CERDI Contact information at EDIRC.
Bibliographic data for series maintained by Vincent Mazenod ().