Economic Reforms, External Liberalization and Macroeconomic Performance in Vietnam

Huong Le and Manh-Toan Ho
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Manh-Toan Ho: Thanh Tay University Hanoi

No ctj5z, OSF Preprints from Center for Open Science

Abstract: This paper examines the macro-economic performance of Vietnam through the six phases of Doi Moi reform and analyzes the impact of external liberalization on economic growth, aggregate demand, employment and income distribution. The decomposition of aggregate demand suggests that private investment was the most important determinant of Vietnamese economic growth during the period of 1994 – 2011, while government expenditure has become more significant since 2005, and the external sector together with government expenditure are the important driving factors of Vietnamese economic growth since 2012. The decomposition of overall labor productivity highlighted the fact that sectoral productivity growth of the service sector plays an important role in the improvement of overall labor productivity in Vietnam.

Date: 2019-11-07
New Economics Papers: this item is included in nep-eff, nep-mac, nep-sea and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:ctj5z

DOI: 10.31219/osf.io/ctj5z

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