Impacts of the Triple Global Crisis on Growth and Poverty : The Case of Yemen

• Tác giả: Clemens Breisinger
• Ngôn ngữ: eng
• Ký hiệu phân loại: 953.3 *Yemen
• Thông tin xuất bản: 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 316594
• Chủ đề: 1. Economic Development: Agriculture; 2. Energy; 3. Financial Crises G010; 4. Measurement and Analysis of Poverty I320; 5. Natural Resources

Tóm tắt

Yemen is an oil-exporting and food-importing country with the highest levels of poverty in the Middle East and North Africa. The impacts of the triple crisis are likely to further complicate pre-existing conditions of conflict, oil depletion and governance failure. Using a dynamic CGE model, this article finds that oil-driven growth in 2008 dominated the negative growth impacts of the food crisis, but that growth was not pro-poor. The financial crisis of 2009 slowed growth sharply and raised the poverty rate to 42.8%, up from 34.8% in 2005/6. Poverty continues to be higher in rural areas, where almost half the population live in poverty.