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Fast and Sustainable Development Space in Vietnam

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  • Ly Dai Hung

    (Vietnam Insitute of Economics, Hanoi, Vietnam)

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.

Suggested Citation

  • Ly Dai Hung, 2020. "Fast and Sustainable Development Space in Vietnam," Working Papers hal-03140716, HAL.
    • Handle: RePEc:hal:wpaper:hal-03140716
    Note: View the original document on HAL open archive server: https://hal.science/hal-03140716
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    Keywords

    Fast and Sustainable Development; Economic Growth; Innovation;
    All these keywords.

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