{"title":"Inflation and the public investment - growth relationship in Vietnam","authors":"Nguyen Van Bon","doi":"10.24311/JED/2018.25.S01.6","DOIUrl":"https://doi.org/10.24311/JED/2018.25.S01.6","url":null,"abstract":"Received 24 May 2017 Revised 19 Oct, 2017 Accepted 1 Jan. 2018 Available online 12 January 2018 JEL classifications:","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"25 1","pages":"50-67"},"PeriodicalIF":0.0,"publicationDate":"2018-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48527169","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-01-01DOI: 10.24311/JABES/2018.25.S01.4
A. Rammohan
This paper analyses the interaction between child labour and schooling in developing countries. A theoretical framework is developed, where fertility and schooling decisions are made in an environment where children contribute through child labour when young and provide old-age security as adults. The model demonstrates that the child wage rate, which is also the opportunity cost of schooling, is a crucial determinant of total fertility. An increase in the child wage rate leads to lower schooling investments and higher fertility levels. However, changes in schooling costs have no impact on fertility decisions. They only affect the allocation of childreni¯s time between schooling and child labour.
{"title":"The Interaction of Child-labour and Schooling in Developing Countries: A Theoretical Perspective","authors":"A. Rammohan","doi":"10.24311/JABES/2018.25.S01.4","DOIUrl":"https://doi.org/10.24311/JABES/2018.25.S01.4","url":null,"abstract":"This paper analyses the interaction between child labour and schooling in developing countries. A theoretical framework is developed, where fertility and schooling decisions are made in an environment where children contribute through child labour when young and provide old-age security as adults. The model demonstrates that the child wage rate, which is also the opportunity cost of schooling, is a crucial determinant of total fertility. An increase in the child wage rate leads to lower schooling investments and higher fertility levels. However, changes in schooling costs have no impact on fertility decisions. They only affect the allocation of childreni¯s time between schooling and child labour.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"25 1","pages":"85-99"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68913629","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-01-01DOI: 10.24311/JED/2018.25.S01.2
Thu Võ Thanh, H. Quang, Diệp Lê Thị Bích
This research focuses on the determinants of Vietnam’s outward FDI by studying simultaneously the influence of two pull factors and push factors. In addition, the work examines the differences in assessing the impact of two factors groups on investment decisions by market entry method. The authors conduct qualitative research interviewing six experts as the managers have an important role in the decision to invest directly abroad for their business and quantitative research by multiple regression methods studying samples consisting of 248 enterprises. Push factors group from Vietnam includes competitive pressure of Vietnam market, monetary policy, interest rates of Vietnam, regulations and procedures for licensing investment abroad of Vietnam, incentive policy, and investment incentives to overseas. Pull factors group from host country includes culture–geography, macroeconomics and market, infrastructure, regulations and policies related to investment. Through two groups of factors, the authors withdraw into four groups that impact the Vietnam’s FDI abroad including: (i) culture–geography, (ii) infrastructure; (iii) the macroeconomic and market; and (iv) regulations and policies related to investment. The results indicate that two groups of factors, both pull factors and push factors, have impact on Vietnam’s FDI abroad.
{"title":"Determinants of Vietnam's outward direct investment: The case of Cambodia","authors":"Thu Võ Thanh, H. Quang, Diệp Lê Thị Bích","doi":"10.24311/JED/2018.25.S01.2","DOIUrl":"https://doi.org/10.24311/JED/2018.25.S01.2","url":null,"abstract":"This research focuses on the determinants of Vietnam’s outward FDI by studying simultaneously the influence of two pull factors and push factors. In addition, the work examines the differences in assessing the impact of two factors groups on investment decisions by market entry method. The authors conduct qualitative research interviewing six experts as the managers have an important role in the decision to invest directly abroad for their business and quantitative research by multiple regression methods studying samples consisting of 248 enterprises. Push factors group from Vietnam includes competitive pressure of Vietnam market, monetary policy, interest rates of Vietnam, regulations and procedures for licensing investment abroad of Vietnam, incentive policy, and investment incentives to overseas. Pull factors group from host country includes culture–geography, macroeconomics and market, infrastructure, regulations and policies related to investment. Through two groups of factors, the authors withdraw into four groups that impact the Vietnam’s FDI abroad including: (i) culture–geography, (ii) infrastructure; (iii) the macroeconomic and market; and (iv) regulations and policies related to investment. The results indicate that two groups of factors, both pull factors and push factors, have impact on Vietnam’s FDI abroad.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"25 1","pages":"24-49"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68914220","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-01-01DOI: 10.24311/JED/2018.25.S01.3
L. Hang
Supply chain management (SCM) has been proven to improve the competitive advantage, and increase the effectiveness of operation in small and medium sized enterprises (SMEs) This study investigates the measurement of SCM practice in Vietnam with the sample of 148 SMEs in Danang. The research findings exhibit the humble degree of SCM practices within these firms. These activities are in the primary form of SCM practice as supplier’s quality management, customer interaction, and customer satisfaction measurement. The findings also indicate the limitations in practicing SCM in Danang SMEs, and propose implications in policy adjustment to promote SCM practices and advance the competitive advantages of SMEs.
{"title":"Supply chain management: Solutions to improving the competitive advantage of small- and medium-sized enterprises: The case of Danang City","authors":"L. Hang","doi":"10.24311/JED/2018.25.S01.3","DOIUrl":"https://doi.org/10.24311/JED/2018.25.S01.3","url":null,"abstract":"Supply chain management (SCM) has been proven to improve the competitive advantage, and increase the effectiveness of operation in small and medium sized enterprises (SMEs) This study investigates the measurement of SCM practice in Vietnam with the sample of 148 SMEs in Danang. The research findings exhibit the humble degree of SCM practices within these firms. These activities are in the primary form of SCM practice as supplier’s quality management, customer interaction, and customer satisfaction measurement. The findings also indicate the limitations in practicing SCM in Danang SMEs, and propose implications in policy adjustment to promote SCM practices and advance the competitive advantages of SMEs.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"25 1","pages":"68-84"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68914239","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2017-12-01DOI: 10.35866/caujed.2017.42.4.003
Muuz Hadush
Inadequate quantity and quality of animal water and feed resources are major factors limiting the productivity of livestock farming in Ethiopia. It is common that households spend a considerable share of their daily time to search for theses scarce resources by displacing available labor time away from more productive farming activities and leisure consumption. This paper examines the impact of time spent looking for animal water and grazing feeds on householdsi¯ agricultural food production and per capita food consumption expenditure using NMBU-MU Tigrai Rural Household Survey of 518 sample farmers. To address our objectives, we employ IV 2SLS for estimating per capita food consumption expenditure and double log for estimating food production drawing on non-separable farm household model. Our results do support the hypothesis of a negative relationship between total household labour input to crop farming and resource scarcity. Likewise, the findings confirm that reducing time spent looking for water leads to an increase in food production, per capita food consumption, and food security. In addition for the median household, the total impact revealed that decreasing searching time for water, grazing and collecting time for straw leads to an increment in food security. The results from the quantile regression further proved that the effect of these scarce resources is not uniform across the food production and consumption distribution. In line with our suspicion, the income variable was found to be endogenous and instrumental variables for it were statistically significant and bear the expected signs.
{"title":"Implication of Animal Feed and Water Scarcity on Labor Allocation, Food Production and Per Capita Food Consumption in Tigrai Region, Ethiopia","authors":"Muuz Hadush","doi":"10.35866/caujed.2017.42.4.003","DOIUrl":"https://doi.org/10.35866/caujed.2017.42.4.003","url":null,"abstract":"Inadequate quantity and quality of animal water and feed resources are major factors limiting the productivity of livestock farming in Ethiopia. It is common that households spend a considerable share of their daily time to search for theses scarce resources by displacing available labor time away from more productive farming activities and leisure consumption. This paper examines the impact of time spent looking for animal water and grazing feeds on householdsi¯ agricultural food production and per capita food consumption expenditure using NMBU-MU Tigrai Rural Household Survey of 518 sample farmers. To address our objectives, we employ IV 2SLS for estimating per capita food consumption expenditure and double log for estimating food production drawing on non-separable farm household model. Our results do support the hypothesis of a negative relationship between total household labour input to crop farming and resource scarcity. Likewise, the findings confirm that reducing time spent looking for water leads to an increase in food production, per capita food consumption, and food security. In addition for the median household, the total impact revealed that decreasing searching time for water, grazing and collecting time for straw leads to an increment in food security. The results from the quantile regression further proved that the effect of these scarce resources is not uniform across the food production and consumption distribution. In line with our suspicion, the income variable was found to be endogenous and instrumental variables for it were statistically significant and bear the expected signs.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"42 1","pages":"59-93"},"PeriodicalIF":0.0,"publicationDate":"2017-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48586491","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2017-12-01DOI: 10.35866/caujed.2017.42.4.005
U. Mukhopadhyay
The existing theoretical literature asserts that the effects of foreign capital inflow on skilled-unskilled wage inequality depend crucially on the factor intensity conditions. The paper develops a three-sector full employment model and assumes a positive causal relation between foreign capital inflow and education subsidy. The comparative static results indicate that reduction in tax on foreign capital earning and improvement in institutional and legal framework, both leading to increased foreign capital inflow may reduce the skilled-unskilled wage inequality even under alternative factor intensity conditions. Thus the effects of investment liberalization policies on skilled-unskilled wage inequality depends more on the concomitant rise in skilled labour supply.
{"title":"Foreign Capital Inflow and Skill Formation: Effects on Skilled-Unskilled Wage Inequality","authors":"U. Mukhopadhyay","doi":"10.35866/caujed.2017.42.4.005","DOIUrl":"https://doi.org/10.35866/caujed.2017.42.4.005","url":null,"abstract":"The existing theoretical literature asserts that the effects of foreign capital inflow on skilled-unskilled wage inequality depend crucially on the factor intensity conditions. The paper develops a three-sector full employment model and assumes a positive causal relation between foreign capital inflow and education subsidy. The comparative static results indicate that reduction in tax on foreign capital earning and improvement in institutional and legal framework, both leading to increased foreign capital inflow may reduce the skilled-unskilled wage inequality even under alternative factor intensity conditions. Thus the effects of investment liberalization policies on skilled-unskilled wage inequality depends more on the concomitant rise in skilled labour supply.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"42 1","pages":"119-136"},"PeriodicalIF":0.0,"publicationDate":"2017-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45553937","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2017-12-01DOI: 10.35866/CAUJED.2017.42.4.002
R. Pradhan, Mak B. Arvin, J. Hall, N. R. Norman
This paper examines the cointegrating and causal relationships between insurance market development (IMD) and economic growth based on panel-data estimation techniques. It also investigates the dynamic interrelationships amongst a number of important macroeconomic variables on IMD-growth nexus. The sample consists of 26 countries observed over the period 1980-2013. We use six different indicators of IMD, covered under both insurance density and insurance penetration, to validate the robustness of our results. Our findings affirm a long-run equilibrium relationship between insurance market development, economic growth, and six other macroeconomic variables selected, namely broad money supply (relative to national income), real interest rates, inflation rates, urban population growth, youth dependency ratios, and government consumption expenditure (relative to national income). We use a panel vector auto-regression model to examine the nature of Granger causality among the variables. Most significantly, we find that IMD and some macroeconomic variables Granger-cause economic growth in the long run, irrespective of which measure of IMD we use.
{"title":"Insurance Market Development and Macroeconomic Interactions in Twenty-Six Countries *","authors":"R. Pradhan, Mak B. Arvin, J. Hall, N. R. Norman","doi":"10.35866/CAUJED.2017.42.4.002","DOIUrl":"https://doi.org/10.35866/CAUJED.2017.42.4.002","url":null,"abstract":"This paper examines the cointegrating and causal relationships between insurance market development (IMD) and economic growth based on panel-data estimation techniques. It also investigates the dynamic interrelationships amongst a number of important macroeconomic variables on IMD-growth nexus. The sample consists of 26 countries observed over the period 1980-2013. We use six different indicators of IMD, covered under both insurance density and insurance penetration, to validate the robustness of our results. Our findings affirm a long-run equilibrium relationship between insurance market development, economic growth, and six other macroeconomic variables selected, namely broad money supply (relative to national income), real interest rates, inflation rates, urban population growth, youth dependency ratios, and government consumption expenditure (relative to national income). We use a panel vector auto-regression model to examine the nature of Granger causality among the variables. Most significantly, we find that IMD and some macroeconomic variables Granger-cause economic growth in the long run, irrespective of which measure of IMD we use.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"42 1","pages":"23-57"},"PeriodicalIF":0.0,"publicationDate":"2017-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45112842","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2017-12-01DOI: 10.35866/CAUJED.2017.42.4.004
Wei-bin Zhang
This study deals with interactions between social status, economic growth and income and wealth distribution in an economic growth model of heterogeneous households with economic structure. The model emphasizes the role of social status on economic structural change and wealth and income distribution. It is influenced by the ideas related to economic growth and social status in the literature of economic growth and an integrated Walrasian general equilibrium theory and neoclassical growth theory. The economic system consists of one capital goods sector, one consumer goods sector, and any number (of types) of households. The motion is described by a set of differential equations. For illustration, we simulate the motion of the economic system with three groups of households. We identify the existence of a unique stable equilibrium point. We also carry out comparative dynamic analysis. The comparative analyses provide some insights into the complexity of economic growth with social status.
{"title":"Social Status and Inequality in an Integrated Walrasian-General Equilibrium and Neoclassical-Growth Theory","authors":"Wei-bin Zhang","doi":"10.35866/CAUJED.2017.42.4.004","DOIUrl":"https://doi.org/10.35866/CAUJED.2017.42.4.004","url":null,"abstract":"This study deals with interactions between social status, economic growth and income and wealth distribution in an economic growth model of heterogeneous households with economic structure. The model emphasizes the role of social status on economic structural change and wealth and income distribution. It is influenced by the ideas related to economic growth and social status in the literature of economic growth and an integrated Walrasian general equilibrium theory and neoclassical growth theory. The economic system consists of one capital goods sector, one consumer goods sector, and any number (of types) of households. The motion is described by a set of differential equations. For illustration, we simulate the motion of the economic system with three groups of households. We identify the existence of a unique stable equilibrium point. We also carry out comparative dynamic analysis. The comparative analyses provide some insights into the complexity of economic growth with social status.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"42 1","pages":"95-118"},"PeriodicalIF":0.0,"publicationDate":"2017-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44014300","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2017-12-01DOI: 10.35866/CAUJED.2017.42.4.001
H. Hamdi, A. Hakimi, Rashid Sbia
The main purpose of this paper is to investigate the relationship between financial sector development and economic growth taking into consideration the role of institutions quality. Our sample is on a group of 143 countries observed during the period of 2006-2013. The sample is dived into 100 developing and 43 developed countries. Using structural GMM the paper shows that financial sector plays a crucial role in economic development and growth for the whole sample as well as for developed and developing countries. However, the results show that unlike developing countries, developed countries enjoyed the presence of proper institutions in their countries which in turn have contributed further to the development of their financial sector.
{"title":"Finance and Growth Nexus: What Role for Institutions in Developed and Developing Countries?","authors":"H. Hamdi, A. Hakimi, Rashid Sbia","doi":"10.35866/CAUJED.2017.42.4.001","DOIUrl":"https://doi.org/10.35866/CAUJED.2017.42.4.001","url":null,"abstract":"The main purpose of this paper is to investigate the relationship between financial sector development and economic growth taking into consideration the role of institutions quality. Our sample is on a group of 143 countries observed during the period of 2006-2013. The sample is dived into 100 developing and 43 developed countries. Using structural GMM the paper shows that financial sector plays a crucial role in economic development and growth for the whole sample as well as for developed and developing countries. However, the results show that unlike developing countries, developed countries enjoyed the presence of proper institutions in their countries which in turn have contributed further to the development of their financial sector.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"42 1","pages":"1-22"},"PeriodicalIF":0.0,"publicationDate":"2017-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49591978","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2017-10-01DOI: 10.24311/JED/2017.24.4.1
S. D. Thanh, Bui Thi Mai Hoai
{"title":"Local governance, private investment and economic growth: The case of Vietnamese provinces","authors":"S. D. Thanh, Bui Thi Mai Hoai","doi":"10.24311/JED/2017.24.4.1","DOIUrl":"https://doi.org/10.24311/JED/2017.24.4.1","url":null,"abstract":"","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"24 1","pages":"04-28"},"PeriodicalIF":0.0,"publicationDate":"2017-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47672316","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：