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When Faced with Income and Asset Shocks, Do Poor Rural Households in Vietnam Smooth Food Consumption or Assets?

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  • Giang Thi Hoang Nguyen
  • Ben White
  • Chunbo Ma

Abstract

Vietnamese rural households are exposed to severe covariate and idiosyncratic shocks. However, these households are remarkably resilient and have steadily increased real income and consumption over the survey period 2006 to 2012. To explain household strategies to cope with shocks we test three theoretical models: the Permanent Income Hypothesis (PIH), Complete Market Hypothesis (CMH), and Asset Smoothing Theory (AST). There is support for AST as households smooth productive assets rather than consumption; and for CMH as households smooth consumption against idiosyncratic, but not covariate shocks. There is no support for PIH.

Suggested Citation

  • Giang Thi Hoang Nguyen & Ben White & Chunbo Ma, 2019. "When Faced with Income and Asset Shocks, Do Poor Rural Households in Vietnam Smooth Food Consumption or Assets?," Journal of Development Studies, Taylor & Francis Journals, vol. 55(9), pages 2008-2023, September.
    • Handle: RePEc:taf:jdevst:v:55:y:2019:i:9:p:2008-2023
    DOI: 10.1080/00220388.2018.1528350
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    Cited by:

    1. Saadia Narjis & Muhammad Rizwan Yaseen & Sofia Anwar & Muhammad Sohail Amjad Makhdoom, 2022. "The Socio-Economic Impact of COVID-19 on Households in Punjab, Pakistan," Journal of Economic Impact, Science Impact Publishers, vol. 4(3), pages 218-232.
    2. Wendy Janssens & Menno Pradhan & Richard de Groot & Estelle Sidze & Hermann Donfouet & Amanuel Abajobir, 2020. "The short-term economic effects of COVID-19 and risk-coping strategies of low-income households in Kenya: A rapid analysis using weekly financial household data," Tinbergen Institute Discussion Papers 20-040/V, Tinbergen Institute.
    3. Janssens, Wendy & Pradhan, Menno & de Groot, Richard & Sidze, Estelle & Donfouet, Hermann Pythagore Pierre & Abajobir, Amanuel, 2021. "The short-term economic effects of COVID-19 on low-income households in rural Kenya: An analysis using weekly financial household data," World Development, Elsevier, vol. 138(C).

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