Download or read book The Impact of Trade Liberalization on Household Welfare in Vietnam written by Ganesh Seshan and published by World Bank Publications. This book was released on 2005 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: "What is the effect of trade liberalization on households in developing countries? To what extent do the poor benefit when local markets are made more accommodative to international trade? The author empirically analyzes the distributional impact of trade policies on households in a low-income country with a large rural economy where labor markets are imperfect. The methodology in this paper, which can be applied to various types of labor market conditions, relates changes in prices attributed to trade reforms to changes in household welfare, income distribution, and poverty using theoretically consistent measures of producer and consumer welfare. The author investigates the effects on poverty and income distribution of national and international market integration in Vietnam's rice sector and fertilizer market between 1993 and 1998, a period of ongoing market reforms when the national poverty rate fell sharply from 59 percent to 37 percent. ... " -- Cover verso.

Download or read book The Impact of Trade Liberalization on Household Welfare in Vietnam written by Ganesh Seshan and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the effect of trade liberalization on households in developing countries? To what extent do the poor benefit when local markets are made more accommodative to international trade? The author empirically analyzes the distributional impact of trade policies on households in a low-income country with a large rural economy where labor markets are imperfect. The methodology in this paper, which can be applied to various types of labor market conditions, relates changes in prices attributed to trade reforms to changes in household welfare, income distribution, and poverty using theoretically consistent measures of producer and consumer welfare. The author investigates the effects on poverty and income distribution of national and international market integration in Vietnam's rice sector and fertilizer market between 1993 and 1998, a period of ongoing market reforms when the national poverty rate fell sharply from 59 percent to 37 percent. He finds that when the effects of opening the rice and fertilizer market are isolated, Vietnam's agricultural trade reforms did not contribute to a significant improvement in overall household welfare or decline in poverty over this period. Nonetheless, the liberalization exercise can explain about half of the reduction in poverty incidence among farm households. The results also show that liberalization did not exacerbate income inequality, but did generate gains for rural households across the distribution, particularly the poor, at the expense of urban households.

Download or read book Trade Liberalisation and Poverty written by Minh Son Le and published by Routledge. This book was released on 2015-08-11 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book uses Alan Winters’ analytical framework to investigate the effects of trade liberalisation on economic growth and poverty in Vietnam. The country launched a programme of economic and trade reforms, known as Doi Moi, in the mid-1980s which placed the economy on a transitional path from central planning to a market economy. Since then Vietnam has attained a number of remarkable achievements in terms of economic growth and poverty reduction. Although some formidable problems (such as inequality and inflation) remain, it is apparent that trade liberalisation has been associated with a big reduction in poverty. The analysis in the book focuses on the microeconomic (household) level, and there is an emphasis on tracing the effects of trade liberalisation through the four separate channels identified by Winters. Such in-depth and micro-level analyses yield new insights that support important policy lessons and recommendations for Vietnam in particular and, more generally, for similar developing countries.

Download or read book The Impact of Trade Liberalization on Household Welfare in Vietnam written by Nguyen Chan and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper evaluates the efficiency and distributional effects of trade liberalization in the context of fiscal reform in Vietnam. The analysis is performed using a computable general equilibrium (CGE) model of the Vietnamese economy calibrated to late-1990s production and household data. It is a standard small open price taking economy model with CES nested demand and CES production functions. Results show that the efficiency gains (in term of aggregate welfare measure) from the combined tax and tariff reform are modest, but significant redistribution occurs among rich and poor household groups and between urban and rural populations. Careful analyses show that the sharpness of the redistribution falls as the country moves from only trade liberalization to combined tax and tariff reforms. Finally, additional simulations have been performed to make clearer the transmission mechanisms linking tariff policy to income distribution and household welfare. A key finding is that trade liberalization is pro-rich due essentially to the higher share of imported goods consumed by the rich.

Download or read book Trade Reforms and Welfare written by Aylin Isik-Dikmelik and published by World Bank Publications. This book was released on 2006 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the impact of trade reforms on household welfare. In particular, it studies the importance of each of the links that together constitute the impact using data from the Vietnamese experience in the 1990s. The implementation of trade reforms in the 1990s, most noteworthy of which was the liberalization of rice, resulted in substantial improvement in welfare as evidenced by the drastic decline in poverty. Using analytical and empirical methods, the author examines the role of each channel (direct versus indirect) in this improvement for different groups of households. Results indicate that the growth has been broad based and pro-poor. Poorer households experienced more growth for each and every group analyzed. And contrary to the standard literature, net buyer households had more growth compared with net sellers, emphasizing the importance of indirect links. Decomposition of the growth shows that for rural households, both the direct effect and the multiplier effect drive growth while the multiplier effect was key in urban areas. The importance of the secondary effects underscores the need for a broader model to estimate the impact of trade reforms fully.

Download or read book Trade Openness and Household Welfare Within a Country written by Son Le and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The thought that trade liberalization can affect many dimensions of poverty initiates many studies of the relationship between trade liberalization and poverty. In fact, several developing countries' successful development arguably counts on trade liberalization. This paper aims to find out the determinants of welfare of rural households in Vietnam, focusing on the impact of trade openness and institutional reform on rural household welfare at provincial level. The study employs a micro-growth model and tests it on the Vietnam Household Living Standards Surveys (VHLSS) 2006 and 2008. What makes the study different from some other studies of the same vein is that it incorporates some new variables from outside the VHLSS data, which are expected to capture the difference in openness to trade and investment among provinces. The main finding is that welfare of rural households in the provinces with strong institutional reforms and trade openness tends to be improved. Therefore, the primary implication is that Vietnam should accelerate the process of institutional reforms to help poor households improve their standards of living.

Download or read book Household Welfare and Price Changes in Vietnam in an Era of Trade Liberalisation written by Yoko Niimi and published by . This book was released on 2007 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trade Reforms and Welfare written by Aylin Isik-Dikmelik and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the impact of trade reforms on household welfare. In particular, it studies the importance of each of the links that together constitute the impact using data from the Vietnamese experience in the 1990s. The implementation of trade reforms in the 1990s, most noteworthy of which was the liberalization of rice, resulted in substantial improvement in welfare as evidenced by the drastic decline in poverty. Using analytical and empirical methods, the author examines the role of each channel (direct versus indirect) in this improvement for different groups of households. Results indicate that the growth has been broad based and pro-poor. Poorer households experienced more growth for each and every group analyzed. And contrary to the standard literature, net buyer households had more growth compared with net sellers, emphasizing the importance of indirect links. Decomposition of the growth shows that for rural households, both the direct effect and the multiplier effect drive growth while the multiplier effect was key in urban areas. The importance of the secondary effects underscores the need for a broader model to estimate the impact of trade reforms fully.

Download or read book Economic Growth Poverty and Household Welfare in Vietnam written by Paul Glewwe and published by World Bank Publications. This book was released on 2004-01-01 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the adoption of new market-oriented policies, Vietnam has transformed itself from one of the world's poorest countries during the 1980s, into an economy with one of the highest growth rates during the 1990s. Using macroeconomic and household survey data, this publication examines a range of issues including: the causes of Vietnam's economic growth and future prospects; the impact on household welfare and poverty levels, school enrolment, child health and other socioeconomic outcomes; and the nature of poverty in Vietnam and the effectiveness of government policies for poverty reduction, drawing lessons for Vietnam and for other low-income developing countries.

Download or read book Poverty Dynamics During Trade Reform written by Patricia Justino and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper implements and adapts the conceptual framework developed by Winters (2002) that identifies the transmission mechanisms between trade policy reform and household welfare outcomes. We make use of household panel data from Vietnam collected in two years, 1992-93 and 1997-98 that span the very earliest years of the reform period and its immediate after effects. Poverty dynamics are modeled using changes in consumption expenditure and poverty transition models. The trade effect is captured by a set of variables that are most likely to have an impact on rural poverty, namely prices of staples and employment in the export sector. We show that trade liberalization has a material and positive effect on rural household welfare and this trade effect is largely transmitted to the poor through the labor market channel.

Download or read book How Does Vietnam s Accession to the World Trade Organization Change the Spatial Incidence of Poverty written by Tomoki Fujii and published by World Bank Publications. This book was released on 2012 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade policies can promote aggregate efficiency, but the ensuing structural adjustments generally create both winners and losers. From an incomes perspective, trade liberalization can raise gross domestic product per capita, but rates of emergence from poverty depend on individual household characteristics of economic participation and asset holding. To fully realize the growth potential of trade, while limiting the risk of rising inequality, policies need to better account for microeconomic heterogeneity. One approach to this is geographic targeting that shifts resources to poor areas. This study combines an integrated microsimulation-computable general equilibrium model with small area estimation to evaluate the spatial incidence of Vietnam's accession to the World Trade Organization. Provincial-level poverty reduction after full liberalization was heterogeneous, ranging from 2.2 percent to 14.3 percent. Full liberalization will benefit the poor on a national basis, but the northwestern area of Vietnam is likely to lag behind. Furthermore, poverty can be shown to increase under comparable scenarios.

Download or read book Impacts of Trade Liberalisation Commitments on the Vietnamese Economy written by Nguyen Khanh Doanh and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article quantifies the economic effects of tariff reduction following Vietnam's WTO accession. It differs from previous studies in several aspects. First, the model incorporates non-standard features of the Vietnamese economy (e.g. changes in the domestic tax system). Second, the model divides Vietnamese households into 10 groups, allowing for the assessment of household welfare and income distribution. Third, the model has been run employing the most up-to-date database available. The major findings are summarised as follows. First, Vietnam as a whole would benefit from trade liberalisation. Second, the overall gain would be accompanied by a redistribution of income and a moderate increase in inequality between the rich and the poor. Third, concerning sectoral output, export-oriented sectors, sectors with large shares of input in total imports, and those with increased domestic demands are likely to expand, whereas, in contrast, domestic-oriented sectors are likely to contract. Measures to increase labour mobility, target disadvantaged groups and areas, and further liberalise service sectors are recommended as the recipe for effective utilisation of integration, as well as a more equitable pattern of growth.

Download or read book Household Welfare and Vietnam s Transition written by David Dollar and published by World Bank Publications. This book was released on 1998 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vietnam's rapid growth has transformed the country, reducing poverty from about 75 percent of the population to about 50 percent. At the same time, its transition from a planned to a market economy has created new challenges for public policy in a wide range of areas. This volume explores issues such as which macroeconomic and structural reforms led to growth, what effect reform has had on the household economy, and how the transition has affected education, health, fertility, and child nutrition. It provides an analysis of economic and social policies and shows how micro-level data can be used to analyze the likely effect of different government expenditures and activities. It also focuses on the effect different policies have on the poor and challenges stereotypes about poverty-focused expenditures.

Download or read book Agricultural Trade Liberalization in the WTO and Its Poverty Implications written by Sabine Daude and published by Peter Lang Publishing. This book was released on 2005-01-01 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume analyzes poverty implications of agricultural liberalization commitments of the WTO. The chosen micro-macro approach examines the link between international trade liberalization policies and impacts at household level. The possible outcomes of the current Doha Round for the agricultural negotiations are simulated using a general equilibrium model. Two scenarios are analyzed relating to whether or not Vietnam, as an example of an accession candidate, becomes a member of the WTO. The resulting price changes are combined with household survey data to derive income and poverty effects. Results show that households in mountainous areas of northern Vietnam are negatively affected in their poverty position by agricultural trade liberalization in the WTO if Vietnam were not a member of the WTO, however, these households gain if Vietnam accedes to the WTO. The study concludes that although trade liberalization would lead to poverty reduction effects for households in these marginalized zones, this would need to be complemented by further measures within the framework of poverty reduction programs.

Download or read book Assessing the Distributional Impact of Trade Liberalization in a Developing Country written by Ganesh Kumar Seshan and published by . This book was released on 2006 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trade Liberalization and Spatial Inequality written by Henning Tarp Jensen and published by . This book was released on 2004 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Export Liberalization and Household Welfare written by Nicholas Minot and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vietnam has rapidly become one of the three largest rice exporters in the world, in spite of a binding export quota. This article uses a multimarket spatial-equilibrium model to examine the effect of further liberalization on regional rice prices. Household data are then used to calculate the welfare impact of these price changes on different household groups. The results suggest that although rice export liberalization would raise food prices and exacerbate regional inequality, it would also increase average real income and reduce (slightly) the incidence and severity of poverty. We explore several explanations of these apparently paradoxical results.