TY - BOOK ID - 135441740 TI - Trade Reforms And Welfare : An Ex-Post Decomposition of Income In Vietnam PY - 2006 PB - Washington, D.C., The World Bank, DB - UniCat KW - Agricultural Production KW - Counterfactual KW - Economic Theory and Research KW - Emerging Markets KW - Farmers KW - Finance and Financial Sector Development KW - Financial Literacy KW - Food Buyers KW - Food Crops KW - Food Prices KW - Household Welfare KW - Income KW - Income Distribution KW - Income Growth KW - Income On Food KW - Inequality KW - Labor Policies KW - Land Titling KW - Macroeconomics and Economic Growth KW - Poor KW - Poor Households KW - Poverty KW - Poverty Diagnostics KW - Poverty Profile KW - Poverty Reduction KW - Private Sector Development KW - Rural KW - Rural Areas KW - Rural Development KW - Rural Households KW - Rural Poor KW - Rural Poverty Reduction KW - Small Area Estimation Poverty Mapping KW - Social Protections and Labor UR - https://www.unicat.be/uniCat?func=search&query=sysid:135441740 AB - This paper analyzes the impact of trade reforms on household welfare. In particular, it studies the importance of each of the links that together constitute the impact using data from the Vietnamese experience in the 1990s. The implementation of trade reforms in the 1990s, most noteworthy of which was the liberalization of rice, resulted in substantial improvement in welfare as evidenced by the drastic decline in poverty. Using analytical and empirical methods, the author examines the role of each channel (direct versus indirect) in this improvement for different groups of households. Results indicate that the growth has been broad based and pro-poor. Poorer households experienced more growth for each and every group analyzed. And contrary to the standard literature, net buyer households had more growth compared with net sellers, emphasizing the importance of indirect links. Decomposition of the growth shows that for rural households, both the direct effect and the multiplier effect drive growth while the multiplier effect was key in urban areas. The importance of the secondary effects underscores the need for a broader model to estimate the impact of trade reforms fully. ER -