000 02241nab a22003137a 4500
999 _c61895
_d61887
001 61895
003 MX-TxCIM
005 20211006073152.0
008 180103s2009 xxk|||p|op||| 00| 0 eng d
022 _a1360-0818
022 _a1469-9966 (Online)
024 8 _ahttps://doi.org/10.1080/13600810903089893
040 _aMX-TxCIM
041 _aeng
100 1 _913197
_aBriguglio, L.
245 1 0 _aEconomic vulnerability and resilience :
_bconcepts and measurements
260 _aOxford (United Kingdom) :
_bTaylor and Francis,
_c2009.
500 _aPeer review
520 _aIn 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. Towards this end, the paper proposes an index of economic resilience gauging the adequacy of policy in four broad areas, namely macroeconomic stability, microeconomic market efficiency, good governance and social development. The analysis of economic resilience explains how small economies can attain a relatively high level of gross domestic product per capita if they adopt appropriate policy stances. In other words, the relatively good economic performance of a number of small states is not because, but in spite of, their small size and inherent economic vulnerability. The results of this study can be used as a tool towards the formulation of policies aimed at overcoming the adverse consequences of economic vulnerability.
546 _aText in English
650 7 _911821
_aVulnerability
_2AGROVOC
650 7 _aEconomics
_gAGROVOC
_2
_91093
650 7 _96143
_aMeasurement
_2AGROVOC
700 1 _913198
_aCordina, G.
700 1 _913199
_aFarrugia, N.
700 1 _913200
_aVella, S.
773 0 _gv. 37, no. 3, p. 229-247
_tOxford Development Studies
_x1360-0818
_dOxford (United Kingdom) : Taylor and Francis, 2009.
942 _2ddc
_cJA
_n0