EVI and its Use. Design of an Economic Vulnerability Index and its Use for International Development Policy
AbstractAs an answer to a need expressed by the UN General Assembly an Economic Vulnerability Index (EVI) has been defined by the Committee for Development Policy. The present paper, which refers to this index, first examines how a structural economic vulnerability index can be designed, in particular for low income countries: it recalls the conceptual and empirical grounds of such an index, considers the structure of the present EVI, its sensitivity to methodological choices about averaging, as well as related possible improvements, and briefly compares levels and trends of EVI in various groups of countries, using a new data base of a "retrospective EVI". In a second part the paper examines how EVI can be used for international development policy, underlining two main purposes. The first one, for which EVI has been initially designed at the UN, is the identification of the Least Developed Countries (LDCs), allowed to receive some preferential treatment in aid and trade matters: EVI is, with income per capita and human capital, one of the three complementary criteria a country needs to meet to be included into the list of LDCs and consequently cannot be considered alone to avoid a graduation from the list. A second use would be to retain EVI as a criterion for aid allocation between developing countries, besides other and traditional criteria: we argue that such an inclusion is legitimate both for effectiveness and equity reasons. These two purposes are presented as complementary.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by CERDI in its series Working Papers with number 200714.
Date of creation: 2007
Date of revision:
vulnerability; instability; shocks; exposure; resilience; structural handicap; growth; least developed countries; aid effectiveness; aid allocation;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vincent Mazenod).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.