Impact of the Global Commodity and Financial Crises on Poverty in Vietnam

James Thurlow, Finn Tarp, Simon McCoy, Manh Hai Nguyen, Clemens Breisinger () and Channing Arndt

No wp-2010-098, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Economic growth in Vietnam has been fairly resilient to the global commodity and financial crises, but it is unclear why. In addition, the impact of the crises on employment and poverty is in dispute. We develop a dynamic computable general equilibrium model to decompose impacts and estimate distributional outcomes. Our results indicate that the 2008 commodity crisis increased employment and reduced poverty by favouring labour-intensive exports, especially in agriculture. The 2009 financial crisis reversed these gains.

Keywords: Commercial policy; Financial crisis; Government policy (Poor) (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (4)

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Journal Article: The Impact of the Global Commodity and Financial Crises on Poverty in Vietnam (2011)
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