IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

An Economic Vulnerability Index: Its Design and Use for International Development Policy

  • Patrick Guillaumont
Registered author(s):

    In response 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 EVI can be designed for low-income countries in particular. It recapitulates the conceptual and empirical grounds of the index, considers the structure of the present EVI, its sensitivity to methodological choices with respect to averaging, as well as possible improvements in this regard, and briefly compares the levels and trends of EVI in various country groups, using a new database from a “retrospective EVI”. The paper examines how the EVI can be used for international development policy, underlining two main purposes. The first—the purpose for which the EVI was initially designed—is the identification of the least-developed countries (LDCs) that are eligible to receive some preferential treatment in aid and trade matters. The EVI, in addition to income per capita and human capital, is one of three complementary criteria a country needs to meet in order to be designated as an LDC, and consequently it cannot be the sole criterion for countries wishing to avoid graduating from the LDC list. Second, the EVI can be used, in addition to other traditional measures, as a criterion for aid allocation between developing countries. It is argued that such an inclusion is legitimate for reasons of both effectiveness and equity. The two purposes are presented as complementary.

    If 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.

    File URL: http://www.tandfonline.com/doi/abs/10.1080/13600810903089901
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Taylor & Francis Journals in its journal Oxford Development Studies.

    Volume (Year): 37 (2009)
    Issue (Month): 3 ()
    Pages: 193-228

    as
    in new window

    Handle: RePEc:taf:oxdevs:v:37:y:2009:i:3:p:193-228
    Contact details of provider: Web page: http://www.tandfonline.com/CODS20

    Order Information: Web: http://www.tandfonline.com/pricing/journal/CODS20

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:taf:oxdevs:v:37:y:2009:i:3:p:193-228. See general 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: (Michael McNulty)

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.