PATTERN AND SOURCES OF GROWTH OF THE VIETNAM ECONOMY: A DEVIATION FROM PROPORTIONAL GROWTH ANALYSIS
Journal Title: Asian Economic and Financial Review - Year 2016, Vol 6, Issue 9
Abstract
The purpose of this paper is to conduct a deviation from proportional growth (DPG) analysis for the Vietnamese economy over the period of 1996-2007. This aims to determine the pattern and sources of growth of the economy based on the experience of other developed and newly developing Asian economies. Their experiences could provide indicative information to the authorities of Vietnam for delineating future growth paths. Similar analyses were also carried out for other major Asian economies and the results are compared with those of Vietnam. While the 10th and 11th Congress of the communist party of Vietnam have adopted targets for Vietnam to become an industrialized economy by 2020, sorting out and implementing the most appropriate strategies have become the key to whether the targets will be met or not. Our results shows that The Vietnamese economy in this period exhibited several similarities with Taiwan during the period 1966-1984, Korea 1963-1985, and Japan 1914-1975. Even though the Vietnamese economy has grown rapidly since 1996, especially during the period from 2000 to 2007, the process of industrialization in Vietnam during this period was still slower and weaker compared with those NITs before 1985 and in Japan before 1975. We also predict that its hard for Vietnam to become an industrialized economy by 2020.
Authors and Affiliations
Chung Van Nguyen*| Department of economic and Tourism, Quang Binh University, Vietnam, Min Hui Chen| PHD in business program, Chung Yuan Christian University, Taiwan
Keywords
Related Articles
- EP ID EP2303
- DOI -
- Views 518
- Downloads 38
FINANCIAL REPORTS QUALITY AND CORPORATE SOCIAL RESPONSIBILITY
This study explores the correlation between CSR and the quality of financial reports according to Stewardship Theory for 100 Best Corporate Citizens. The empirical results of the overall samples indicated that by practic...
UNRAVELING THE UNCERTAINTY OF THE NIGER DELTA CRISIS THROUGH TAXATION
This paper critically x-rayed the known causes, consequences and two out of the numerous solutions to the Niger Delta Crisis (NDC). The two solutions implemented by governments in Nigeria in tackling the Niger Delta Cris...
VOLATILITY MODELLING AND PARAMETRIC VALUE-AT-RISK FORECAST ACCURACY: EVIDENCE FROM METAL PRODUCTS
In this paper, we investigate the one-day-ahead VaR and ES accuracy of four metal daily return series including Aluminium, Copper, Nickel and Zinc. Since, all sample presents volatility clustering, volatility asymmetry,...
DETERMINANTS OF CAPITAL STRUCTURE OF BANKING SECTOR IN GCC: AN EMPIRICAL INVESTIGATION
This work attempts to identify determinants of capital structure in a sample of commercial banks listed on the Gulf Cooperation Council (GCC) stock markets. To achieve this objective, data about were collected from 47 GC...
A Quantile Regression Analysis of Micro-lending’s Poverty Impact
This paper aims to evaluate the impact of a microlending program on ameliorating measured poverty within its client population, with the aim of improving that impact. We analyze over 18,000 women micro-finance clients o...