Nguyen Ngoc Thach - In: Economies : open access journal 8 (2020) 3/58, pp. 1-15
unrestricted VES (Variable Elasticity of Substitution) production function in a one-sector growth model of Vietnam, highlighted by … Vietnam shows that the model generates the possibility of endogenous economic growth; (2) the capital share tends to increase …, while the labour share faces a downward trend along with the development of Vietnam; (3) the VES is empirically proven …