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 Vietnam Household Living Standard Surveys (VHLSS) panel data covering the period 2002–06. The empirical results show that risk-induced vulnerability and heterogeneity in trade exposure matter 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 and informs us about suitable instruments to accompany it.
Households’ vulnerability from trade in Vietnam / Magrini, Emiliano; Montalbano, Pierluigi; Alan Winters, L.. - In: WORLD DEVELOPMENT. - ISSN 0305-750X. - 112(2018), pp. 46-58.
|Titolo:||Households’ vulnerability from trade in Vietnam|
MONTALBANO, Pierluigi (Corresponding author)
|Data di pubblicazione:||2018|
|Citazione:||Households’ vulnerability from trade in Vietnam / Magrini, Emiliano; Montalbano, Pierluigi; Alan Winters, L.. - In: WORLD DEVELOPMENT. - ISSN 0305-750X. - 112(2018), pp. 46-58.|
|Appartiene alla tipologia:||01a Articolo in rivista|