The Impact of the Global Commodity and Financial Crises on Poverty in Vietnam
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The Impact of the Global Commodity and Financial Crises on Poverty in Vietnam. / Thurlow, James; Tarp, Finn; McCoy, Simon; Nguyen, Manh Hai; Breisinger, Clemens; Arndt, Channing.
UNU-WIDER, 2010.Research output: Working paper › Research
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TY - UNPB
T1 - The Impact of the Global Commodity and Financial Crises on Poverty in Vietnam
AU - Thurlow, James
AU - Tarp, Finn
AU - McCoy, Simon
AU - Nguyen, Manh Hai
AU - Breisinger, Clemens
AU - Arndt, Channing
PY - 2010
Y1 - 2010
N2 - 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. 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..
AB - 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. 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..
M3 - Working paper
T3 - WIDER Working Paper
BT - The Impact of the Global Commodity and Financial Crises on Poverty in Vietnam
PB - UNU-WIDER
ER -
ID: 164385756