IDEAS home Printed from
MyIDEAS: Login to save this paper or follow this series

The Impact of the Economic Stimulus on Domestic, Private Enterprises

  • Anh Nguyen Ngoc


    (Development and Policies Research Center (DEPOCEN), Vietnam.)

  • Nhat Nguyen Duc


    (Development and Policies Research Center (DEPOCEN), Vietnam.)

  • Chuc Nguyen Dinh


    (Development and Policies Research Center (DEPOCEN), Vietnam.)

In the year 2008 and the first half of 2009, the world witnessed the unfolding and heavy repercussions of the global financial crisis which affected Vietnam, among others, through the reduction of investments inflow, lower global commodity prices and trade. The government of Vietnam has acted quickly with its stimulus package, including a 4% interest rate subsidy for enterprises with the objective of preventing the economy from falling further. While there are some anecdotal evidences about the effectiveness of the stimulus package, there is no systematic evidence of the impact of the stimulus package. This paper makes use of the PCI 2008 enterprise survey data, a unique dataset which is only recently made by available to investigate the impact of the 4% interest rate subsidy component of the stimulus package. We find strong statistical evidence that the 4% interest rate subsidy has positive and important impacts on the enterprises, easing the severe effects of the global crisis.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:,%20Private%20Enterprises_DEPOCENWP.pdf
Download Restriction: no

Paper provided by Development and Policies Research Center (DEPOCEN), Vietnam in its series Working Papers with number 06.

in new window

Length: 14 pages
Date of creation: 2011
Date of revision:
Handle: RePEc:dpc:wpaper:0611
Contact details of provider: Postal: 8-9 2nd Floor, 216 Tran Quang Khai Street, Hanoi
Phone: 844-3935-1419
Fax: 844-3935-1418
Web page:

More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. John Rand, 2004. "Credit Constraints and Determinants of the Cost of Capital in Vietnamese Manufacturing," Discussion Papers 05-01, University of Copenhagen. Department of Economics.
  2. Sumon Kumar Bhaumik & Saul Estrin & Klaus E Meyer, 2007. "Determinants of Employment Growth at MNEs: Evidence from Egypt, India, South Africa and Vietnam," Comparative Economic Studies, Palgrave Macmillan, vol. 49(1), pages 61-80, March.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:dpc:wpaper:0611. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Doan Quang Hung)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.