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- W573397846 abstract "Since 1986, Vietnam has been implementing its transition from centrally planned economy to a market economy and has maintained an opening-up policy. Economic reforms on both demand side and supply side have largely contributed to successes of the economy. Since 1990, the economic development has been impressive, even if Vietnam was strongly affected by the Asian financial crisis in 1997-1998. The high economic growth was achieved in a stable macroeconomic situation. Inflation was kept within a controllable range. As a consequence of its integration into the world economy and its economic reforms, Vietnam has benefited from inflows of foreign direct investment (FDI) and foreign exchange expansion. Undoubtedly, the macroeconomic policies have played an important role in stabilizing the economy in this period. However the slowdown of economic growth during the Asian crisis has raised the need for suitable adjustments in economic policies to speed up the economic development. The objective of this paper is to analyze the impacts of short-term macroeconomic policy’ s adjustments in Vietnam. These impacts are investigated by employed a macro-econometric model with the assumption of demand determined economy in the short term. Based on the characteristics of transition period, Vietnamese economy’ s model is constructed and adjustments of fiscal policy and exchange rate policy are analyzed since 1998, when Vietnamese economic growth has been slowing down. Fiscal relaxation and exchange rate devaluation are two main policies which is suggested for promoting growth in this period." @default.
- W573397846 created "2016-06-24" @default.
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- W573397846 date "2008-03-01" @default.
- W573397846 modified "2023-09-23" @default.
- W573397846 title "Macroeconomic Policy Analysis of Vietnam: A Macro-Econometric Model Approach" @default.
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- W573397846 doi "https://doi.org/10.18999/forids.36.193" @default.
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