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Economic Vulnerability and Resilience: Concepts and Measurements

Author

Listed:
  • Lino Briguglio
  • Gordon Cordina
  • Nadia Farrugia
  • Stephanie Vella

Abstract

In this paper, economic vulnerability is defined as the exposure of an economy to exogenous shocks, arising out of economic openness, while economic resilience is defined as the policy-induced ability of an economy to withstand or recover from the effects of such shocks. The paper briefly reviews the work already carried out on economic vulnerability and extends the research towards the development of a conceptual and methodological framework for the definition and measurement of economic resilience.

Suggested Citation

  • Lino Briguglio & Gordon Cordina & Nadia Farrugia & Stephanie Vella, 2008. "Economic Vulnerability and Resilience: Concepts and Measurements," WIDER Working Paper Series RP2008-55, World Institute for Development Economic Research (UNU-WIDER).
  • Handle: RePEc:unu:wpaper:rp2008-55
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    References listed on IDEAS

    as
    1. Gordon Cordina, 2004. "Economic Vulnerability And Economic Growth: Some Results From A Neo-Classical Growth Modelling Approach," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 29(2), pages 21-39, December.
    2. World Bank, 2004. "World Development Indicators 2004," World Bank Publications, The World Bank, number 13890.
    3. 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.
    4. John Cady & Anthony J. Pellechio, 2005. "Data Consistency in IMF Publications; Country Staff Reports Versus International Financial Statistics," IMF Working Papers 05/46, International Monetary Fund.
    5. Briguglio, Lino, 1995. "Small island developing states and their economic vulnerabilities," World Development, Elsevier, vol. 23(9), pages 1615-1632, September.
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