Winners and losers in Vietnam equitisation programs

Hoang Cuong Le, Helen Cabalu and Ruhul Salim

Journal of Policy Modeling, 2014, vol. 36, issue 1, 172-184

Abstract: This article develops a computable general equilibrium model of Vietnam to assess the long-run likely effects of the country's equitisation programs on its national economic outcomes and industries. Equitisation is found to be pro-growth as reflected in its contribution to increasing real GDP growth rate in the long run. In terms of industrial output growth rates, the winners include electrical, steel and other manufacturing, while the losers include rice and paddy, and oil, gas and petroleum. To achieve better economic outcomes, the coverage of equitisation should be extended to include medium to large state-owned enterprises across all industries.

Keywords: Doi Moi; Privatisation; Equitisation; State-owned enterprises; Computable general equilibrium (search for similar items in EconPapers)
JEL-codes: C68 O53 P22 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:36:y:2014:i:1:p:172-184

DOI: 10.1016/j.jpolmod.2013.10.012

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