IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-00133681.html
   My bibliography  Save this paper

La vulnérabilité macroéconomique des pays à faible revenu et les réponses de l'aide

Author

Listed:
  • Patrick Guillaumont

    (CERDI - Centre d'Études et de Recherches sur le Développement International - UdA - Université d'Auvergne - Clermont-Ferrand I - CNRS - Centre National de la Recherche Scientifique)

Abstract

Macro vulnerability of poor countries is analyzed as the risk that their development be hampered by the shocks they face, natural or external. Structural vulnerability mainly results from the size of the shocks and the exposure to the shocks, while general vulnerability also depends on resilience, mainly determined by policy. We first explain how, through instability, vulnerability affects growth and development, arguing four main points. The ex post effects are at least as important as the ex ante or risk effects. Instability affects productivity growth more than the level of investment. Primary or exogeneous instabilities lower growth through intermediate and policy related instabilities. Instability increases the level of poverty (and child mortality), beyond its effects through the rate of growth. Second we examine how a synthetic measure of structural vulnerability can be obtained in an Economic Vulnerability Index (EVI), as that developed at the UN. The components of such an index should reflect both the size of the natural and external shocks and the exposure to these shocks. They should be aggregated so that the interaction between shocks and exposure could be taken into account. The last part considers the implications of the macro vulnerability of poor countries for aid policy. It relies on the view that aid dampens consequences of vulnerability (i.e. vulnerability increases aid effectiveness) and that the aid volatility issue must be reexamined with this regard. Three aid responses are considered. Vulnerability (EVI) can be used as a criterion for aid allocation. Aid can be designed as an insurance, if it can be disbursed quickly and effectively. Finally, aid uses can be partially targetted to the long-term reduction of vulnerability.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Patrick Guillaumont, 2006. "La vulnérabilité macroéconomique des pays à faible revenu et les réponses de l'aide," Post-Print hal-00133681, HAL.
  • Handle: RePEc:hal:journl:hal-00133681
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Natalia Zugravu-Soilita & Vincent Geronimi & Christine Le Gargasson & Jessy Tsang King Sang, 2017. "Towards a less vulnerable and more sustainable development: heritage tourism in island economies," Working Papers 2017.11, FAERE - French Association of Environmental and Resource Economists.
    2. Fouda Owoundi, Jean-Pierre, 2009. "La convergence des politiques économiques dans la zone franc : où en est-on 15 ans après?," L'Actualité Economique, Société Canadienne de Science Economique, vol. 85(3), pages 319-354, septembre.

    More about this item

    Statistics

    Access and download statistics

    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:hal:journl:hal-00133681. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.