IDEAS home Printed from https://ideas.repec.org/a/eee/wdevel/v72y2015icp140-162.html
   My bibliography  Save this article

Reviewing Composite Vulnerability and Resilience Indexes: A Sustainable Approach and Application

Author

Listed:
  • Angeon, Valérie
  • Bates, Samuel

Abstract

Vulnerability–resilience indexes fail to grasp all dimensions of sustainability, whereas sustainable development has gained momentum. We fill this gap with a hierarchical multimetric composite index (Net Vulnerability Resilience Index: NVRI) whose robustness relies on a mathematical algorithm based on graph theory. A worldwide application shows that (i) both vulnerability and resilience are policy-responsive and that (ii) there is no determinism for a country to remain vulnerable or resilient. The NVRI enables us to identify a country’s strengths and weaknesses and determine the policy orientations that should be implemented to achieve sustainability.

Suggested Citation

  • Angeon, Valérie & Bates, Samuel, 2015. "Reviewing Composite Vulnerability and Resilience Indexes: A Sustainable Approach and Application," World Development, Elsevier, vol. 72(C), pages 140-162.
  • Handle: RePEc:eee:wdevel:v:72:y:2015:i:c:p:140-162
    DOI: 10.1016/j.worlddev.2015.02.011
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0305750X15000443
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.worlddev.2015.02.011?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. S. Guillaumont Jeanneney & S. J‐A. Tapsoba, 2012. "Aid and Income Stabilization," Review of Development Economics, Wiley Blackwell, vol. 16(2), pages 216-229, May.
    2. Bates, Samuel & Angeon, Valérie & Ainouche, Ahmed, 2014. "The pentagon of vulnerability and resilience: A methodological proposal in development economics by using graph theory," Economic Modelling, Elsevier, vol. 42(C), pages 445-453.
    3. Patrick Guillaumont, 2010. "Assessing the Economic Vulnerability of Small Island Developing States and Least Developed Countries," Post-Print hal-00594797, HAL.
    4. Berg, Andrew & Ostry, Jonathan D. & Zettelmeyer, Jeromin, 2012. "What makes growth sustained?," Journal of Development Economics, Elsevier, vol. 98(2), pages 149-166.
    5. Katherine Bersch & Sandra Botero, 2014. "Measuring Governance: Implications of Conceptual Choices," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 26(1), pages 124-141, January.
    6. Easterly, William & Kraay, Aart, 2000. "Small States, Small Problems? Income, Growth, and Volatility in Small States," World Development, Elsevier, vol. 28(11), pages 2013-2027, November.
    7. Patrick Guillaumont, 2010. "Assessing the Economic Vulnerability of Small Island Developing States and the Least Developed Countries," Journal of Development Studies, Taylor & Francis Journals, vol. 46(5), pages 828-854.
    8. Rodrik, Dani, 1999. "Where Did All the Growth Go? External Shocks, Social Conflict, and Growth Collapses," Journal of Economic Growth, Springer, vol. 4(4), pages 385-412, December.
    9. Jean-Jacques Laffont & Jean Tirole, 1991. "The Politics of Government Decision-Making: A Theory of Regulatory Capture," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(4), pages 1089-1127.
    10. Lynge Nielsen, 2011. "Classifications of Countries Basedon their Level of Development: How it is Done and How it Could Be Done," IMF Working Papers 2011/031, International Monetary Fund.
    11. repec:dau:papers:123456789/13926 is not listed on IDEAS
    12. Demetriades, Panicos O. & Hussein, Khaled A., 1996. "Does financial development cause economic growth? Time-series evidence from 16 countries," Journal of Development Economics, Elsevier, vol. 51(2), pages 387-411, December.
    13. Dasgupta, Susmita & Hamilton, Kirk & Pandey, Kiran D. & Wheeler, David, 2006. "Environment During growth: Accounting for governance and vulnerability," World Development, Elsevier, vol. 34(9), pages 1597-1611, September.
    14. Deepa Narayan & Robert Chambers & Meera K. Shah & Patti Petesch, 2000. "Voices of the Poor : Crying Out for Change," World Bank Publications - Books, The World Bank Group, number 13848.
    15. Streeten, Paul, 1993. "The special problems of small countries," World Development, Elsevier, vol. 21(2), pages 197-202, February.
    16. Ward, Patrick & Shively, Gerald, 2012. "Vulnerability, Income Growth and Climate Change," World Development, Elsevier, vol. 40(5), pages 916-927.
    17. Patrick Guillaumont, 2009. "An Economic Vulnerability Index: Its Design and Use for International Development Policy," Oxford Development Studies, Taylor & Francis Journals, vol. 37(3), pages 193-228.
    18. North, Douglass C., 1989. "Institutions and economic growth: An historical introduction," World Development, Elsevier, vol. 17(9), pages 1319-1332, September.
    19. Christophe Bene, 2009. "Are Fishers Poor or Vulnerable? Assessing Economic Vulnerability in Small-Scale Fishing Communities," Journal of Development Studies, Taylor & Francis Journals, vol. 45(6), pages 911-933.
    20. Laura Langbein & Stephen Knack, 2010. "The Worldwide Governance Indicators: Six, One, or None?," Journal of Development Studies, Taylor & Francis Journals, vol. 46(2), pages 350-370.
    21. Levison Chiwaula & Rudolf Witt & Hermann Waibel, 2011. "An Asset-Based Approach to Vulnerability: The Case of Small-Scale Fishing Areas in Cameroon and Nigeria," Journal of Development Studies, Taylor & Francis Journals, vol. 47(2), pages 338-353.
    22. Kali, Raja & Reyes, Javier & McGee, Joshua & Shirrell, Stuart, 2013. "Growth networks," Journal of Development Economics, Elsevier, vol. 101(C), pages 216-227.
    23. David Fielding, 2010. "Aid and Dutch Disease in the South Pacific and in Other Small Island States," Journal of Development Studies, Taylor & Francis Journals, vol. 46(5), pages 918-940.
    24. Echevin, Damien, 2011. "Vulnerability to asset-poverty in Sub-Saharan Africa," MPRA Paper 35660, University Library of Munich, Germany.
    25. Patrick Guillaumont, 2009. "An Economic Vulnerability Index: Its Design and Use for International Development Policy," Post-Print hal-00416800, HAL.
    26. Geoffrey M. Hodgson, 1998. "The Approach of Institutional Economics," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 166-192, March.
    27. L. Adrianto & Y. Matsuda, 2004. "Study on Assessing Economic Vulnerability of Small Island Regions," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 6(3), pages 317-336, September.
    28. Yifu Lin, Justin & Nugent, Jeffrey B., 1995. "Institutions and economic development," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 3, chapter 38, pages 2301-2370, Elsevier.
    29. Mark McGillivray & Wim Naude & Amelia Santos-Paulino, 2010. "Vulnerability, Trade, Financial Flows and State Failure in Small Island Developing States," Journal of Development Studies, Taylor & Francis Journals, vol. 46(5), pages 815-827.
    30. ., 2006. "Vulnerability and Coping," Chapters, in: David Alexander Clark (ed.), The Elgar Companion to Development Studies, chapter 127, Edward Elgar Publishing.
    31. Dabla-Norris, Era & Bal Gündüz, Yasemin, 2014. "Exogenous Shocks and Growth Crises in Low-Income Countries: A Vulnerability Index," World Development, Elsevier, vol. 59(C), pages 360-378.
    32. Ron Martin & Peter Sunley, 2006. "Path dependence and regional economic evolution," Journal of Economic Geography, Oxford University Press, vol. 6(4), pages 395-437, August.
    33. Ron Martin, 2009. "Rethinking Regional Path Dependence: Beyond Lock-in to Evolution," Papers in Evolutionary Economic Geography (PEEG) 0910, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Sep 2009.
    34. Patrick Guillaumont, 2010. "Assessing the Economic Vulnerability of Small Island Developing States and the Least Developed Countries," Post-Print halshs-00512159, HAL.
    35. Ron Martin, 2010. "Roepke Lecture in Economic Geography—Rethinking Regional Path Dependence: Beyond Lock-in to Evolution," Economic Geography, Taylor & Francis Journals, vol. 86(1), pages 1-27, January.
    36. Lino Briguglio & Gordon Cordina & Nadia Farrugia & Stephanie Vella, 2009. "Economic Vulnerability and Resilience: Concepts and Measurements," Oxford Development Studies, Taylor & Francis Journals, vol. 37(3), pages 229-247.
    37. Simon Feeny & Mark McGillivray, 2010. "Aid and Growth in Small Island Developing States," Journal of Development Studies, Taylor & Francis Journals, vol. 46(5), pages 897-917.
    38. Donna Lee & Nicola Smith, 2010. "Small State Discourses in the International Political Economy," Third World Quarterly, Taylor & Francis Journals, vol. 31(7), pages 1091-1105.
    39. Calvo, Cesar, 2008. "Vulnerability to Multidimensional Poverty: Peru, 1998-2002," World Development, Elsevier, vol. 36(6), pages 1011-1020, June.
    40. Hodler, Roland & Dreher, Axel, 2013. "Development (paradigm) failures," Journal of Development Economics, Elsevier, vol. 101(C), pages 63-74.
    41. S. Guillaumont Jeanneney & S. J‐A. Tapsoba, 2012. "Aid and Income Stabilization," Review of Development Economics, Wiley Blackwell, vol. 16(2), pages 216-229, May.
    42. Jagdish Bhagwati, 2002. "Trade and Poverty in the Poor Countries," American Economic Review, American Economic Association, vol. 92(2), pages 180-183, May.
    43. Patrick Guillaumont & Laurent Wagner, 2013. "L'efficacité de l'aide pour réduire la pauvreté : leçons des analyses transversales et influence de la vulnérabilité des pays," Revue d’économie du développement, De Boeck Université, vol. 21(4), pages 115-164.
    44. Patrick Guillaumont, 2010. "Assessing the Economic Vulnerability of Small Island Developing States and the Least Developed Countries," Post-Print hal-00488679, HAL.
    45. repec:bla:devpol:v:25:y:2007:i:2:p:243-264 is not listed on IDEAS
    46. Montalbano, Pierluigi, 2011. "Trade Openness and Developing Countries' Vulnerability: Concepts, Misconceptions, and Directions for Research," World Development, Elsevier, vol. 39(9), pages 1489-1502, September.
    47. Briguglio, Lino, 1995. "Small island developing states and their economic vulnerabilities," World Development, Elsevier, vol. 23(9), pages 1615-1632, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Montalbano, Pierluigi, 2011. "Trade Openness and Developing Countries' Vulnerability: Concepts, Misconceptions, and Directions for Research," World Development, Elsevier, vol. 39(9), pages 1489-1502, September.
    2. Samuel BATES & Valérie ANGEON, 2015. "Promoting The Sustainable Development Of Small Island Developing States: Insights From Vulnerability And Resilience Analysis," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 42, pages 15-29.
    3. Luis Hernando Portillo-Riascos & Edinson Ortiz-Benavides, 2021. "The External Vulnerability of the Colombian Economy 1990-2015: A Comparative Analysis," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 94, pages 11-46, Enero-Jun.
    4. Valérie ANGEON & Samuel BATES, 2015. "L'Agriculture, Facteur De Vulnérabilité Des Petites Économies Insulaires ?," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 42, pages 105-131.
    5. Bates, Samuel & Angeon, Valérie & Ainouche, Ahmed, 2014. "The pentagon of vulnerability and resilience: A methodological proposal in development economics by using graph theory," Economic Modelling, Elsevier, vol. 42(C), pages 445-453.
    6. Valérie ANGEON & Jean-François HOARAU, 2015. "Introduction - Les Petites Économies Insulaires : Un Monde À Part Entière ?," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 42, pages 5-13.
    7. Sèna Kimm Gnangnon, 2012. "Does Structural Economic Vulnerability Matter for Public Indebtedness in Developing Countries?," CERDI Working papers halshs-00749469, HAL.
    8. Blancard, Stéphane & Hoarau, Jean-François, 2013. "A new sustainable human development indicator for small island developing states: A reappraisal from data envelopment analysis," Economic Modelling, Elsevier, vol. 30(C), pages 623-635.
    9. Gnangnon, Sèna Kimm, 2023. "Effect of the duration of membership in the GATT/WTO on economic growth volatility," Structural Change and Economic Dynamics, Elsevier, vol. 65(C), pages 448-467.
    10. Genave, Anna & Blancard, Stéphane & Garabedian, Sabine, 2020. "An assessment of energy vulnerability in Small Island Developing States," Ecological Economics, Elsevier, vol. 171(C).
    11. Claire GOAVEC & Jean-François HOARAU, 2015. "Vulnérabilité Économique Structurelle Et Dépendance Touristique : Quels Enseignements Pour Les Petites Économies Insulaires En Développement," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 42, pages 157-188.
    12. Jean-François Hoarau & Nicolas Lucic, 2022. "Are real merchandise imports per capita a good predictor for the standard of living for the small island world: Testing for the imports-led growth and the growth-led imports hypotheses in panels over ," TEPP Working Paper 2022-16, TEPP.
    13. Fangming Qin & Gezhi Chen, 2022. "Vulnerability of Tourist Cities’ Economic Systems Amid the COVID-19 Pandemic: System Characteristics and Formation Mechanisms—A Case Study of 46 Major Tourist Cities in China," Sustainability, MDPI, vol. 14(5), pages 1-18, February.
    14. Zouhair Aït Benhamou & Lesly Cassin, 2018. "The effects of migration and remittances on development and capital in Caribbean Small Island Developing States," Working Papers hal-04141685, HAL.
    15. Claire Goavec & Jean-François Hoarau, 2015. "Structural economic vulnerability and tourism dependence: new assessment for small island developing economies [Vulnérabilité économique structurelle et dépendance touristique : quels enseignements," Post-Print hal-01454720, HAL.
    16. Gnangnon, Sèna Kimm, 2022. "Effect of structural economic vulnerability on the participation in international trade," EconStor Preprints 262004, ZBW - Leibniz Information Centre for Economics.
    17. Lino P. Briguglio & Melchior Vella, 2015. "Labour demand in the EU and returns to scale: A production function approach," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 24(8), pages 1103-1116, December.
    18. Sena Kimm GNANGNON, 2012. "Does Structural Economic Vulnerability Matter for Public Indebtedness in Developing Countries?," Working Papers 201236, CERDI.
    19. Andrew Curtis & Benjamin McLellan, 2023. "Framework for Assessment of the Economic Vulnerability of Energy-Resource-Exporting Countries," Resources, MDPI, vol. 12(2), pages 1-38, February.
    20. Gulzar Khan & Ather Maqsood Ahmed, 2020. "Understanding Business Cycle Fluctuations in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 59(1), pages 1-28.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:wdevel:v:72:y:2015:i:c:p:140-162. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/worlddev .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.