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The concept of structural economic vulnerability and its relevance for the identification of the Least Developed Countries and other purposes

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  • Patrick Guillaumont

Abstract

This paper was prepared by Professor Patrick Guillaumont, as a contribution to the expert group meeting of the Committee for Development Policy on climate change, conflict and other issues related to the review of the criteria for the identification of least developed countries (LDCs) which took place in New York, 2-3 February 2011. Structural economic vulnerability is a major obstacle for the development of LDCs. The paper discusses the conceptual, methodological and empirical issues related to the economic vulnerability index (EVI) developed and used by the Committee for Development Policy (CDP) in the identification of LDCs. The note also addresses the relation between physical and economic vulnerability to climate change as well as the role of the EVI in allocating official development aid and as tool for development research.

Suggested Citation

  • Patrick Guillaumont, 2011. "The concept of structural economic vulnerability and its relevance for the identification of the Least Developed Countries and other purposes," CDP Background Papers 012, United Nations, Department of Economics and Social Affairs.
    • Handle: RePEc:une:cpaper:012
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    File URL: http://www.un.org/en/development/desa/policy/cdp/cdp_background_papers/bp2011_12.pdf
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    References listed on IDEAS

    as
    1. Jacky Amprou & Patrick Guillaumont & Sylviane Guillaumont Jeanneney, 2007. "Aid Selectivity According to Augmented Criteria," The World Economy, Wiley Blackwell, vol. 30(5), pages 733-763, May.
    2. Patrick GUILLAUMONT & Sylviane GUILLAUMONT JEANNENEY, 2009. "Accounting for Vulnerability of African Countries in Performance Based Aid Allocation," Working Papers P08, FERDI.
    3. Patrick Guillaumont & Sylviane Guillaumont Jeanneney, 2009. "State Fragility and Economic Vulnerability. What is measured and why?," Post-Print hal-00424004, HAL.
    4. David Wheeler, 2011. "Quantifying Vulnerability to Climate Change: Implications for Adaptation Assistance - Working Paper 240," Working Papers 240, Center for Global Development.
    5. Patrick GUILLAUMONT, 2008. "Adapting Aid Allocation Criteria to Development Goals," Working Papers P01, FERDI.
    6. 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.
    7. Patrick Guillaumont & Sylviane Guillaumont Jeanneney & Désiré Vencatachellum, 2009. "Accounting for Vulnerability of African Countries in Performance Based Aid Allocation," Post-Print hal-00444193, HAL.
    8. Patrick GUILLAUMONT & Sylviane GUILLAUMONT JEANNENEY, 2009. "State fragility and economic vulnerability: What is measured and why?," Working Papers P07, FERDI.
    9. Joël CARIOLLE, 2011. "The Economic Vulnerability Index - 2010 Update," Working Papers I09, FERDI.
    10. Benno Ferrarini, 2009. "Policy, vulnerability and the new debt sustainability framework," Journal of International Development, John Wiley & Sons, Ltd., vol. 21(7), pages 895-914.
    11. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Michaël GOUJON & Sosso FEINDOUNO, 2016. "Human Assets Index retrospective series: 2016 update," Working Papers P179, FERDI.
    2. Pietro Alessandrini & Andrea Presbitero, 2012. "Low-Income Countries and an SDR-based International Monetary System," Open Economies Review, Springer, vol. 23(1), pages 129-150, February.
    3. Sèna Kimm Gnangnon, 2012. "Structural Vulnerability and Excessive Public Indebtedness in CFA Franc Zone Countries," CERDI Working papers halshs-00749470, HAL.
    4. Laurent Wagner, 2014. "Identifying thresholds in aid effectiveness," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 150(3), pages 619-638, August.
    5. Michaël GOUJON & Mathilde CLOSSET & Sosso FEINDOUNO, 2014. "Human Assets Index Retrospective series: 2013 update," Working Papers P110, FERDI.
    6. Sena Kimm GNANGNON, 2012. "Structural Vulnerability and Excessive Public Indebtedness in CFA Franc Zone Countries," Working Papers 201237, CERDI.
    7. Sosso Feindouno & Michael Goujon, 2019. "Human Assets Index: Insights from a Retrospective Series Analysis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(3), pages 959-984, February.
    8. Sèna Kimm Gnangnon, 2012. "Does Structural Economic Vulnerability Matter for Public Indebtedness in Developing Countries?," CERDI Working papers halshs-00749469, HAL.
    9. Fengting Zhang & Yang Lv & Md Nazirul Islam Sarker, 2022. "Spatio-Temporal Evolution and Development Path of Industry–University–Research Cooperation and Economic Vulnerability: Evidence from China’s Yangtze River Economic Belt," Sustainability, MDPI, vol. 14(19), pages 1-19, October.
    10. Patrick GUILLAUMONT & Alassane DRABO, 2013. "Assessing the Prospects of Accelerated Graduation of the Least Developed Countries," Working Papers P72, FERDI.
    11. Sena Kimm GNANGNON, 2012. "Does Structural Economic Vulnerability Matter for Public Indebtedness in Developing Countries?," Working Papers 201236, CERDI.
    12. Sèna Kimm Gnangnon, 2012. "Structural Vulnerability and Excessive Public Indebtedness in CFA Franc Zone Countries," Working Papers halshs-00749470, HAL.
    13. Sena Kimm Gnangnon, 2022. "Effect of Structural Economic Vulnerability on the Participation in International Trade," JRFM, MDPI, vol. 15(9), pages 1-36, September.
    14. Gnangnon, Sèna Kimm, 2013. "Structural vulnerability and excessive public indebtedness in CFA Franc Zone countries," Economic Modelling, Elsevier, vol. 35(C), pages 816-832.
    15. Sèna Kimm Gnangnon, 2012. "Does Structural Economic Vulnerability Matter for Public Indebtedness in Developing Countries?," Working Papers halshs-00749469, 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.

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    More about this item

    Keywords

    Conflict; economic vulnerability; least-developed countries; climate change;
    All these keywords.

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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