Economic growth constraints in Vietnam: A study using the growth diagnostic approach
Recent studies have clearly pointed out a decreasing trend of Vietnam’s economic growth in the short and the medium terms. This paper presents a study applying the growth diagnostic method for Vietnam to determine growth constrains. The binding growth constrains of Vietnam are found to include a poo...
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| Format: | Article |
| Language: | English |
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University of Kragujevac
2016-04-01
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| Series: | Economic Horizons |
| Subjects: | |
| Online Access: | http://www.horizonti.ekfak.kg.ac.rs/sites/default/files/Casopis/2016_1/EN/NguyenDucThanh_PhamVanDai_EN.pdf |
| _version_ | 1828729999616638976 |
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| author | Nguyen Duc Thanh Pham Van Dai |
| author_facet | Nguyen Duc Thanh Pham Van Dai |
| author_sort | Nguyen Duc Thanh |
| collection | DOAJ |
| description | Recent studies have clearly pointed out a decreasing trend of Vietnam’s economic growth in the short and the medium terms. This paper presents a study applying the growth diagnostic method for Vietnam to determine growth constrains. The binding growth constrains of Vietnam are found to include a poor business environment; an underdeveloped infrastructure, especially the transportation network market; failures related to information externalities, learning externalities and coordination failures. Notably, the energy infrastructure could be a vital constraint in a near future, but is not a binding constraint at present. The inefficiency of financial intermediaries and the government’s over-investment could become a binding constraint when the economy returns to its high growth path. |
| first_indexed | 2024-04-12T14:40:25Z |
| format | Article |
| id | doaj.art-177815a38047441fa908cbcf38f05c36 |
| institution | Directory Open Access Journal |
| issn | 1450-863X 2217-9232 |
| language | English |
| last_indexed | 2024-04-12T14:40:25Z |
| publishDate | 2016-04-01 |
| publisher | University of Kragujevac |
| record_format | Article |
| series | Economic Horizons |
| spelling | doaj.art-177815a38047441fa908cbcf38f05c362022-12-22T03:28:51ZengUniversity of KragujevacEconomic Horizons1450-863X2217-92322016-04-01181355310.5937/ekonhor1601033TEconomic growth constraints in Vietnam: A study using the growth diagnostic approachNguyen Duc Thanh0Pham Van Dai1Vietnam Institute for Economic and Policy Research, Hanoi, VietnamVietnam Institute for Economic and Policy Research, Hanoi, VietnamRecent studies have clearly pointed out a decreasing trend of Vietnam’s economic growth in the short and the medium terms. This paper presents a study applying the growth diagnostic method for Vietnam to determine growth constrains. The binding growth constrains of Vietnam are found to include a poor business environment; an underdeveloped infrastructure, especially the transportation network market; failures related to information externalities, learning externalities and coordination failures. Notably, the energy infrastructure could be a vital constraint in a near future, but is not a binding constraint at present. The inefficiency of financial intermediaries and the government’s over-investment could become a binding constraint when the economy returns to its high growth path.http://www.horizonti.ekfak.kg.ac.rs/sites/default/files/Casopis/2016_1/EN/NguyenDucThanh_PhamVanDai_EN.pdfVietnameconomic growthgrowth diagnosticgrowth policy |
| spellingShingle | Nguyen Duc Thanh Pham Van Dai Economic growth constraints in Vietnam: A study using the growth diagnostic approach Economic Horizons Vietnam economic growth growth diagnostic growth policy |
| title | Economic growth constraints in Vietnam: A study using the growth diagnostic approach |
| title_full | Economic growth constraints in Vietnam: A study using the growth diagnostic approach |
| title_fullStr | Economic growth constraints in Vietnam: A study using the growth diagnostic approach |
| title_full_unstemmed | Economic growth constraints in Vietnam: A study using the growth diagnostic approach |
| title_short | Economic growth constraints in Vietnam: A study using the growth diagnostic approach |
| title_sort | economic growth constraints in vietnam a study using the growth diagnostic approach |
| topic | Vietnam economic growth growth diagnostic growth policy |
| url | http://www.horizonti.ekfak.kg.ac.rs/sites/default/files/Casopis/2016_1/EN/NguyenDucThanh_PhamVanDai_EN.pdf |
| work_keys_str_mv | AT nguyenducthanh economicgrowthconstraintsinvietnamastudyusingthegrowthdiagnosticapproach AT phamvandai economicgrowthconstraintsinvietnamastudyusingthegrowthdiagnosticapproach |