Economic growth and balance-of-payments constraint in Vietnam

Alberto Bagnai, Arsène Rieber () and Anh Dao Tran ()
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Arsène Rieber: CREAM, Rouen University (France)
Anh Dao Tran: CREAM, Rouen University (France)

No 1302, a/ Working Papers Series from Italian Association for the Study of Economic Asymmetries, Rome (Italy)

Abstract: Our paper applies a multi-country BoP constrained growth model to Vietnam for the period 1985-2010. We find that Vietnam grew less than the rate predicted by the model during the entire period considered, but with different behavior for the 1998-2010 sub-period. The relative price effect is neutral, allowing the volume effects to dominate in setting the BoP constraint. The high income elasticities of exports enable growth in the advanced countries to have a multiplier effect on the Vietnamese economy. However, this effect is hindered by a high “appetite” for imports coming from Asia. We also assess the impact of the current crisis on Vietnam’s growth for the period 2011-2017.

Keywords: Economic growth; BoP-constrained growth model; Multi-country model; Asia; Vietnam (search for similar items in EconPapers)
JEL-codes: E12 F43 O24 O53 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2013-08
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Forthcoming in Journal of Post-Keynesian Economics

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Related works:
Working Paper: Economic growth and balance-of-payments constraint in Vietnam (2016)
Journal Article: Economic growth and balance-of-payments constraint in Vietnam (2015)
Working Paper: Economic growth and balance of payments constraint in Vietnam (2013)
Working Paper: Economic growth and balance of payments constraint in Vietnam (2013)
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