Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/126390
Authors: 
Abbott, Philip Chase
Tarp, Finn
Wu, Ce
Year of Publication: 
2015
Series/Report no.: 
WIDER Working Paper 2015/068
Abstract: 
Employment in Vietnam and elsewhere in Asia has grown more slowly than GDP over the last several decades. This means GDP per capita is rising. Vietnamese policymakers, however, are concerned that ongoing structural transformation is creating too few jobs. We use data for seven aggregated sectors and the overall Vietnamese economy to examine the roles played by structural transformation, technical change, and institutional bias toward capital intensive development to evaluate the Vietnamese development experience. We find that while some of the difference between GDP and employment growth can be attributed to capital intensive investment by the state, the majority of the difference is due to technical change. A positive rather than a pessimistic overall assessment is warranted based on the available evidence.
Subjects: 
employment
labour demand
structural transformation
biased technological change
minimum wage
state investment
Leontief production function
Vietnam
JEL: 
O1
O3
O4
O53
ISBN: 
978-92-9230-957-2
Document Type: 
Working Paper

Files in This Item:
File
Size
615.56 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.