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A Chayanovian approach to vulnerability: Re-evaluation of Vulnerability using Indian Data

Author

Listed:
  • Sengupta, Atanu
  • Seth, Ujjwal

Abstract

Vulnerability is regarded as the ability of withstand income shocks. This is true of the functioning –entitlement approach, the social constructivist approach, or the qualitative approach (Addison, Hulme and Kanbur 2009). In the standard economic theory, a somewhat distinction is made between production and income. While the battery of production analysis uses terms such as efficiency, technological diffusion, and scale economies and so on, the earning side are related to poverty, inequality, subsistence and host of such issues. In the present paper, we used the approach pursued by A. V. Chayanov. In the approach of Chayanov (1966, 1989), for the life of poor, production and earnings are so strongly correlated that it would be impossible to dichotomise them. In fact, it would be wrong and probably unjust to do so. Keeping this idea in view, we have constructed the vulnerability indices for Indian states based on production data. Our data reveals that the vulnerability in India is more widespread than is commonly thought. We have also examined various factors that are responsible for this scenario. In short, our exercise puts forth a completely different picture of vulnerability in India than is commonly thought.

Suggested Citation

  • Sengupta, Atanu & Seth, Ujjwal, 2021. "A Chayanovian approach to vulnerability: Re-evaluation of Vulnerability using Indian Data," MPRA Paper 107748, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:107748
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    References listed on IDEAS

    as
    1. Gisele Kamanou & Jonathan Morduch, 2002. "Measuring Vulnerability to Poverty," WIDER Working Paper Series DP2002-58, World Institute for Development Economic Research (UNU-WIDER).
    2. Moser, Caroline O. N., 1998. "The asset vulnerability framework: Reassessing urban poverty reduction strategies," World Development, Elsevier, vol. 26(1), pages 1-19, January.
    3. Harris, John R & Todaro, Michael P, 1970. "Migration, Unemployment & Development: A Two-Sector Analysis," American Economic Review, American Economic Association, vol. 60(1), pages 126-142, March.
    4. Bardhan, Pranab, 2003. "Poverty, Agrarian Structure, and Political Economy in India: Selected Essays," OUP Catalogue, Oxford University Press, number 9780195661170.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Vulnerability; Poverty; Informal; Covid; NSSO; Unorganised;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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