Vulnerability from trade in Vietnam
Emiliano Magrini (),
Pierluigi Montalbano () and
Working Paper Series from Department of Economics, University of Sussex Business School
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.
Keywords: trade openness; vulnerability; poverty; risk; consumption behaviour; Vietnam (search for similar items in EconPapers)
JEL-codes: C31 D12 F14 O12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int, nep-sea, nep-tra and nep-upt
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Working Paper: Vulnerability from trade in Vietnam (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:sus:susewp:2017
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