Structural Transformation, Biased Technological Change, and Employment in Vietnam

Philip Abbott; Finn Tarp; Ce Wu

doi:10.1057/ejdr.2015.64

Structural Transformation, Biased Technological Change, and Employment in Vietnam

Philip Abbott, Finn Tarp, Ce Wu

2 Citationer (Scopus)

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 towards 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 because of technical change. A positive rather than pessimistic overall assessment is warranted based on the available evidence.

Originalsprog	Engelsk
Tidsskrift	European Journal of Development Research
Vol/bind	29
Udgave nummer	1
Sider (fra-til)	54-72
ISSN	0957-8811
DOI	https://doi.org/10.1057/ejdr.2015.64
Status	Udgivet - 1 jan. 2017

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10.1057/ejdr.2015.64

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Structural Transformation, Biased Technological Change, and Employment in Vietnam

Abstract

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