This study using the monthly data spanning 1986:01-2011:04 to investigate the relationship between the prices of two strategic commodities: gold and oil. We examine this relationship through the inflation channel and their interaction with the index of the US dollar. We used different oil price...

Although there are numerous studies on impact evaluation of overall health insurance, little is known on the impact of health insurance on health care utilization and out-of- pocket health care spending of children, especially in developing countries. This paper measures the impact of child...

This paper proves the existence of competitive equilibrium in a single-sector dynamic economy with heterogeneous agents and elastic labor supply. The method of proof relies on some recent results concerning the existence of Lagrange multipliers in infinite dimensional spaces and their...

This paper focuses on the contributions of the Vietnamese Diaspora to Vietnam’s economic growth by examining its unique formation and subsequent actual and potential impact on the emerging economy. A review of recent government policy toward the Vietnamese Diaspora and their official...

Retail chains and imports of consumer goods from developing countries have grown sharply over the past 25 years. Wal-Mart’s sales, which currently account for 15% of U.S. imports of consumer goods from China, grew 90-fold over this period, while U.S. imports from China increased 30-fold. We...

In the course of catching-up, Vietnam faces risks in two sectors: in real sector and in financial sector. In this paper we focus mostly on risk in real sector: the risk of getting stuck in middle-income trap. Vietnam is still far lagged behind her neighbors and much more further to developed...

This paper annalyses the optimal timing of switching between alternative and consecutive regimes on optimal growth models. We derive the appropriate necessary conditions for such problems by means of the standard techniques from calculus of variations and some basic properties of Sobolev spaces.

Export led growth is the model of economic development that Vietnam has been following. While there are a great number of studies on the determinants of aggregate export of Vietnam, there are few that analyze the impacts of different factors on the export of different product groups. This paper...

This paper raises the question of the relationship between innovation and productivity conditional to ICT use and R&D activities during the innovation process. Concretely, we wonder whether R&D activities and ICT use considered as innovation inputs play a role in determining the probability of...

To account for the development patterns that differ considerably among economies in the long run, a variety of one-sector models that incorporate some degree of market imperfections based on technological external effects and increasing returns have been presented. This paper studies the dynamic...