@article{Coxhead:116706,
      recid = {116706},
      author = {Coxhead, Ian A. and Linh, Vu Hoang and Tam, Le Dong},
      title = {Global Market Shocks and Poverty in Vietnam: The Case of  Rice},
      address = {2011-07},
      number = {1800-2016-142291},
      series = {Staff Paper Series},
      pages = {38},
      year = {2011},
      abstract = {World food prices have experienced dramatic increases in  recent years. These “shocks” affect food importers and  exporters alike. Vietnam is a major exporter of rice, and  rice is also a key item in domestic production, employment  and consumption. Accordingly, rice price shocks from
the  world market have general equilibrium impacts and as such,  their implications for household welfare are not known ex  ante. In this paper we first present a simple framework for  understanding the direct and indirect welfare effects of a  global market shock of this kind. Second, we quantify the  transmission of the price shock from global indicator  prices to domestic markets. Third, we then we use an  applied general equilibrium (AGE) model to simulate  the
effects of domestic price changes in more detail.  Fourth, a recursive mapping to a large nationally  representative living standards survey permits us to  identify in detail the ceteris paribus effects of the shock  on household incomes and welfare. In this analysis,  interregional and intersectoral adjustments in the labor  market emerge as key channels transmitting the effects of  global price shocks across sectors and among households.},
      url = {http://ageconsearch.umn.edu/record/116706},
      doi = {https://doi.org/10.22004/ag.econ.116706},
}