The nexus of financial liberalisation and economic growth: is Vietnam different?

Thi Thuy Hang Le, Nga Hang Thi Phan, Xuan Dung Nguyen and Vu Than Nguyen

International Journal of Economics and Business Research, 2023, vol. 25, issue 2, 292-308

Abstract: This paper explores the relationship of economic growth and financial liberalisation in Vietnam, an emerging economy with remarkable changes since 2000. By drawing the quarterly dataset over the 20-year period starting from 2000 and the vector error-correction model estimation, our findings support the causal relationship among the set of macroeconomics determinants, such as credit rate, money supply as well as exchange rate. After controlling rigours determinants, we found that these two factors exhibit the causality in short-term and long-term. From this starting point, the relevant policy implications are drawn to highlight the process of liberalising the financial system as well as the list of non-conforming reservation measures (NCM) during the proposed negotiation process.

Keywords: economic growth; financial liberalisation; Vietnam. (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=127932 (text/html)
Access to full text is restricted to subscribers.

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:ids:ijecbr:v:25:y:2023:i:2:p:292-308

Access Statistics for this article

More articles in International Journal of Economics and Business Research from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().