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Measuring the Impact of Doi Moi on Vietnam’s Gross Domestic Product

Nghiep, Le Thanh - ; Quy, Le Huu - ;

In 1986 a wide range of policy measures, known as Doi Moi, was introduced to promote Vietnam's transition to a market economy. This paper represents the first attempt to measure the effect of Doi Moi on Vietnam's GDP. In the paper the level of GDP actually reached is compared with the level that would have been reached had the policy not been implemented, i.e. without the improvements in productivity and the increases in investment ratio that can be directly attributed to Doi Moi. Cross-time changes in GDP were depicted by a production function of capital stock, economically active labour force and technical progress. It was found that, after a time lag, Doi Moi appeared to have a significant positive effect on productivity, which by 1998 accounted for a 42% increase in GDP.


Ketersediaan

Call NumberLocationAvailable
AEJ1403PSB lt.dasar - Pascasarjana1
PenerbitOxford, UK: Blackwell Publishers 2000
EdisiVol. 14, No. 3, Sep., 2000
SubjekMarket economy
Vietnam
Gross domestic product (GDP)
Doi Moi
Policy measures
ISBN/ISSN1351-3958
KlasifikasiNONE
Deskripsi Fisik15 p.
Info Detail SpesifikAsian Economic Journal
Other Version/RelatedTidak tersedia versi lain
Lampiran BerkasTidak Ada Data

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