Fast and Sustainable Development Space in Vietnam

Ly Hung

Working Papers from HAL

Abstract: The paper examines the available space for fast and sustainable development in Vietnam. We define the fast and sustainable development as the combination of cross-section-dimensional fast development with high sustainable development. Then, the fast and sustainable development is the optimal combination point of economic growth rate and some critical social indicators. The optimal point, in turn, is on the regression line which illustrates the correlation between the economic growth and social indicators on a crosssection sample of 182 economies. With the achieved growth rate, Vietnam still has available fiscal space to both raise the economic growth and improve the social indicators. On comparision with middle-income economies, this economy gains relatively good performance on inequality, poverty and unemployment reduction, but still needs more effort to upgrade the technology innovation level.

Keywords: Fast and Sustainable Development; Economic Growth; Innovation (search for similar items in EconPapers)
Date: 2020-12
New Economics Papers: this item is included in nep-sea
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