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dc.contributor.authorThurlow, Jamesen_US
dc.contributor.authorTarp, Finnen_US
dc.contributor.authorMcCoy, Simonen_US
dc.contributor.authorManh Hai, Nguyenen_US
dc.contributor.authorBreisinger, Clemensen_US
dc.date.accessioned2010-10-18en_US
dc.date.accessioned2011-12-15T13:16:08Z-
dc.date.available2011-12-15T13:16:08Z-
dc.date.issued2010en_US
dc.identifier.isbn978-92-9230-336-5en_US
dc.identifier.urihttp://hdl.handle.net/10419/54014-
dc.description.abstractEconomic 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. It pushed more than a million workers into unemployment and about 3 million people below the US$2-a-day poverty line, with the vast majority of these being rural dwellers. The net effect of the crises left Vietnam little changed from a baseline (no crises) path in terms of aggregate indicators including the poverty rate. An effective stimulus package has the potential to offset one third of the increase in poverty caused by the financial crisis leaving poverty rates below the (no crises) baseline.en_US
dc.language.isoengen_US
dc.publisherWIDER Helsinkien_US
dc.relation.ispartofseriesWorking paper // World Institute for Development Economics Research 2010,98en_US
dc.subject.jelR0en_US
dc.subject.jelR5en_US
dc.subject.jelR14en_US
dc.subject.jelR52en_US
dc.subject.ddc330en_US
dc.subject.keywordeconomic crisisen_US
dc.subject.keywordgrowthen_US
dc.subject.keywordpovertyen_US
dc.subject.keywordVietnamen_US
dc.titleImpact of the global commodity and financial crises on poverty in Vietnamen_US
dc.typeWorking Paperen_US
dc.identifier.ppn636860132en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:WIDER Working Papers, United Nations University (UNU)

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