Economic Vulnerability and Resilience: Concepts and Measurements

Lino Briguglio, Gordon Cordina, Nadia Farrugia and Stephanie Vella

No RP2008-55, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: In this paper, economic vulnerability is defined as the exposure of an economy to exogenous shocks, arising out of economic openness, while economic resilience is defined as the policy-induced ability of an economy to withstand or recover from the effects of such shocks. The paper briefly reviews the work already carried out on economic vulnerability and extends the research towards the development of a conceptual and methodological framework for the definition and measurement of economic resilience.

Keywords: Economic development; Index numbers (Economics); Government policy (Poor); Poverty measurement; Resilience (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (52)

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Journal Article: Economic Vulnerability and Resilience: Concepts and Measurements (2009)
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