Economic policy uncertainty around the world: Implications for Vietnam

Giang Nguyen and Vinh Vo

International Review of Economics & Finance, 2024, vol. 94, issue C

Abstract: This paper reviews the literature on the impacts of uncertainty on various aspects of different economies and highlights the need for research to be carried out in the Vietnamese context. The findings of notable theoretical works suggest that high levels of uncertainty can have significant temporary impacts on economic outcomes, including a decrease in total output, employment, and productivity growth. We summarize the effects of uncertainty on firm behavior, bank behavior, and the financial market, factors that affect the economy, starting with the US context. We continue to examine global studies on the international economy and discuss research on the Asian economy, where we find some inconsistent results and discover new insights on the impact of uncertainty on the economy, revealing a need for continued research in each unique country setting. Given the limited evidence of the impact of uncertainty in the Vietnamese context, we highlight the value of further local research, recommend potential areas for future research, summarize the existing measures of uncertainty index, and suggest the construction of a new uncertainty index for Vietnam.

Keywords: Economic policy uncertainty; Vietnam; Global (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1059056024003265
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:94:y:2024:i:c:s1059056024003265

DOI: 10.1016/j.iref.2024.05.028

Access Statistics for this article

International Review of Economics & Finance is currently edited by H. Beladi and C. Chen

More articles in International Review of Economics & Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().