[Bài tạp chí] "Empirical Evidence of Structural Change: The Case of Vietnam’s Economic Growth"

Trung tâm SCIS giới thiệu bài phân tích "Empirical Evidence of Structural Change: The Case of Vietnam’s Economic Growth" của ThS. Nguyễn Chí Hiếu (Nghiên cứu viên cộng tác của SCIS). Bài viết góp phần làm rõ những lợi thế về tốc độ tăng trưởng mà Việt Nam đã đạt được nhờ vào sự quyết đoán trong tiến trình thay đổi cơ cấu nền kinh tế từ những năm 1990 cho đến năm 2013. Ấn phẩm này vừa được xuất bản trên tạp chí chuyên ngành Journal of Southeast Asian Economies, số 35 (tháng 8/2018) thuộc Viện Yusof Ishak (ISEAS, Singapore).

 


 

Abstract:

 

This study examines the patterns of structural change in economic development by drawing insights from the case of Vietnam. Empirical evidence from literature indicates that developing countries are likely to gain from structural transformation to boost the growth of labour productivity.

 

While most East Asian countries have enjoyed significant structural transformation bonus, many African and Latin American economies, often endowed with rich natural resources, have benefited negligibly from this process.

 

Vietnam, in particular, has gained substantially from its growth promoting structural transformation, contributing to nearly half of overall labour productivity improvement between 1990 and 2013. This structural change effect was modest in 1990–2000, strongest in 2000–07, and declining (but still significant) in 2007–13.

 

The process has been associated with rapid expansion of the manufacturing and service sectors, change in export composition towards higher share of medium- and high-tech manufactures, and integration into global value chains. The expected slowdown in structural change suggests that the country would have to rely more on within-sector productivity improvement to enhance growth.

 

Contents

 

PDF e-book files for this publication are available here.

 

About the author



  Hieu C. Nguyen is Research Associate at the Saigon Center for International Studies (SCIS), University of Social Sciences and Humanities, Ho Chi Minh City, Vietnam.


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