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Vulnerability from trade in Vietnam

Emiliano Magrini (), Pierluigi Montalbano () and L. Winters

No 12/17, Working Papers from Sapienza University of Rome, DISS

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 VHLSS panel data covering the period 2002-06. The empirical results show that risk-induced vulnerability and het-erogeneity 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.

Keywords: trade openness; vulnerability; poverty; risk; consumption behaviour; Vietnam. (search for similar items in EconPapers)
JEL-codes: F14 O12 D12 C31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int, nep-sea, nep-tra and nep-upt
Date: 2017-11
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