Vulnerability to poverty in select Central Asian Countries
AbstractEconomists have long recognized that a household's sense of well-being depends not just on its average income or expenditures, but also on the risks it faces. Hence vulnerability is a more satisfactory measure of welfare than poverty. In this paper we measure the extent of vulnerability as expected poverty, examine the importance of its determinants in the following four Central Asian countries: Azerbaijan, Kazakhstan, Kyrgyzstan, and Tajikistan. We find that the fractions of the populations of these countries facing the risk of poverty are considerably different from those observed to be poor. Moreover, the distribution of vulnerability across different segments of the population can differ significantly from the distribution of poverty. In addition, there is a sizable fraction of the population in these countries who were observed to be non-poor but are estimated.
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Bibliographic InfoPaper provided by The Australian National University, Arndt-Corden Department of Economics in its series Departmental Working Papers with number 2008-10.
Length: 57 pages
Date of creation: 2008
Date of revision:
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Poverty; Vulnerability; Cross-section data; Central Asia;
Other versions of this item:
- Raghbendra Jha & Tu Dang, 2009. "Vulnerability to Poverty in select Central Asian Countries," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 6(1), pages 17-50, June.
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
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