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Nhan đề: Global market shocks and poverty in Vietnam: the case of rice
Tác giả: Coxhead, Ian
Linh, Vu Hoang
Tam, Le Dong
Từ khoá: Vietnam
General equilibrium
Labor mobility
Năm xuất bản: Sep-2012
Tùng thư/Số báo cáo: Agricultural Economics;Volume 43, Issue 5, Page 575–592
Tóm tắt: World food prices have experienced dramatic increases in recent years. These “shocks” affect food importers and exporters alike. Vietnam is a major exporter of rice, and rice is also a key item in domestic production, employment, and consumption. Accordingly, rice price shocks from the world market have general equilibrium impacts and as such, their implications for household welfare are not known ex ante. In this article, we present a framework for understanding the direct and indirect welfare effects of a global market shock of this kind. We quantify transmission of the shock from global indicator prices to domestic markets. Then we use an applied general equilibrium model to simulate the economic effects of the price changes. A recursive mapping to a nationally representative household living standards survey permits us to identify in detail the ceteris paribus effects of the shock on household incomes and welfare. In this analysis, interregional and intersectoral labor market adjustments emerge as key channels transmitting the effects of global price shocks across sectors and among households.
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Appears in Collections:Agriculture and rural development

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