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Since 1975, Viet Nam has gradually decentralized more fiscal responsibilities to local authorities. This study has two objectives: (i) to take stock of the current institutional framework for intergovernmental fiscal relations in Viet Nam, and (ii) to empirically assess the debt sustainability...
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the case of a small developing country, Vietnam. We examine the long run relationship and causality between current … deficit hypothesis under Keynesian proposition holds for Vietnam in both the short and long runs. The empirical results … further point to the presence of the Feldstein-Horioka puzzle, indicating that Vietnam could not well-integrated into the …
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State Bank of Vietnam had implemented tightening monetary policy in response to positive shocks to inflation by reducing …
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Along with monetary tools, fiscal policies have been strong instrument of the government to boost the economy, especially in recession periods, as a reason, the government always has to face budget deficit, whose effect is still controversial. Thus, this paper is aim to clarify the impacts of...
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investigate the impact of deficit on the economic development in Vietnam. The Autoregressive Distributed Lag (ARDL) approach is …
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During the process of rapid economic development in Vietnam, the government has confirmed its crucial role of as an … development in Vietnam. The cointegration approach is applied to analyze quarterly data from 2003Q1 to 2012Q4. The result suggests …
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