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Growth and structural transformation in Viet Nam during the 2000s

Author

Listed:
  • Dang Thi Thu Hoai
  • Finn Tarp
  • Dirk van Seventer
  • Ho Cong Hoa.

Abstract

We study structural transformation and change in the Vietnamese economy using two Social Accounting Matrices (SAMs), one for the year 2000 and a recently compiled SAM for the year 2012. This period is of particular interest as it features an important shift in terms of more economic integration with the global economy. Several analytical approaches are taken, including comparisons and decomposition of multipliers and a decomposition of structural change. We observe significant changes in economic structure, and the results suggest that the Vietnamese economy has become internally more integrated over the period 2000–12, while moving from primary production (agriculture) towards more value adding manufacturing activities. This transformation has been broad-based and in large measure driven by external demand. We conclude that it will be challenging to sustain growth without bold moves in technological upgrading and measures geared towards even stronger internal economic integration.

Suggested Citation

  • Dang Thi Thu Hoai & Finn Tarp & Dirk van Seventer & Ho Cong Hoa., 2016. "Growth and structural transformation in Viet Nam during the 2000s," WIDER Working Paper Series 108, World Institute for Development Economic Research (UNU-WIDER).
  • Handle: RePEc:unu:wpaper:wp2016-108
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2016-108.pdf
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    References listed on IDEAS

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    1. Roland-Holst, David & Tarp, Finn, 2003. "Globalization, Economic Reform, and Structural Price Transmission: SAM Decomposition Techniques with an empirical application to Vietnam," MPRA Paper 29367, University Library of Munich, Germany.
    2. Tarp, Finn & Roland-Holst, David & Rand, John, 2003. "Economic structure and development in an emergent Asian economy: evidence from a social accounting matrix for vietnam," Journal of Asian Economics, Elsevier, vol. 13(6), pages 847-871, January.
    3. Abbott, Philip & Bentzen, Jeanet & Tarp, Finn, 2009. "Trade and Development: Lessons from Vietnam's Past Trade Agreements," World Development, Elsevier, vol. 37(2), pages 341-353, February.
    4. Finn Tarp & David Roland-Holst & John Rand, 2002. "Trade and Income Growth in Vietnam: Estimates from a New Social Accounting Matrix," Economic Systems Research, Taylor & Francis Journals, vol. 14(2), pages 157-184, June.
    5. Dietzenbacher, Erik, 2005. "Waste treatment in physical input-output analysis," Ecological Economics, Elsevier, vol. 55(1), pages 11-23, October.
    6. Brian McCaig & Nina Pavcnik, 2013. "Moving out of Agriculture: Structural Change in Vietnam," NBER Working Papers 19616, National Bureau of Economic Research, Inc.
    7. Mikkel Barslund & Finn Tarp, 2006. "Rural Credit in Vietnam," Discussion Papers 06-03, University of Copenhagen. Department of Economics.
    8. Jan Oosterhaven & Dirk Stelder, 2002. "Net Multipliers Avoid Exaggerating Impacts: With A Bi-Regional Illustration for the Dutch Transportation Sector," Journal of Regional Science, Wiley Blackwell, vol. 42(3), pages 533-543.
    9. Channing Arndt & Andres Garcia & Finn Tarp & James Thurlow, 2012. "Poverty Reduction and Economic Structure: Comparative Path Analysis for Mozambique and Vietnam," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 58(4), pages 742-763, December.
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    Keywords

    SAM multipliers; structural change decomposition; structural transformation; Viet Nam;

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