Economic Growth, Poverty, and Household Welfare in Vietnam by David Dollar, Paul Glewwe, Nisha Agrawal

By David Dollar, Paul Glewwe, Nisha Agrawal

Within the Nineteen Seventies and early Nineteen Eighties, Vietnam's monetary functionality used to be dismal, and Vietnam was once one of many poorest nations on the planet. With the adoption of recent market-oriented guidelines within the past due 1980's, financial development elevated speedily. Vietnam accomplished a really excessive cost of financial development within the Nineties, averaging eight% in keeping with yr from 1990 to 2000. This monetary development used to be observed by means of a wide aid in poverty (reduced from fifty eight% in 1993 to 37% in 1998), dramatic raises at school enrollment, and a fast lessen in baby malnutrition.

'Economic development, Poverty, and family Welfare in Vietnam' examines the explanations of Vietnam's financial development and its clients for destiny progress. It additionally examines the effect of financial development on poverty, institution enrollment, baby health and wellbeing, and quite a few different socio-economic results. ultimately, it examines the character of poverty and the effect of presidency rules that try and decrease poverty.

Based on surprisingly wealthy macroeconomic and loved ones survey info from Vietnam, this ebook is a crucial source for improvement practitioners, drawing classes for Vietnam and for different low-income constructing nations.

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Extra info for Economic Growth, Poverty, and Household Welfare in Vietnam (Regional and Sectoral Studies)

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Kirkpatrick. 2000. Index of Economic Freedom. : The Heritage Foundation. 26 Economic Growth, Poverty, and Household Welfare in Vietnam Ponce, Ninez, Paul Gertler, and Paul Glewwe. 1998. ” In D. Dollar, P. Glewwe, and J. , Household Welfare and Vietnam’s Transition. : World Bank. United Nations Educational, Scientific, and Cultural Organization (UNESCO). Various years. Statistical Yearbook. Paris. Viet Nam Living Standards Survey (VNLSS). 1992–1993. pdf. Vietnam Living Standards Survey (VLSS). 1997–98.

The 1993 VLSS used three questionnaires: one for households, one for rural communities, and one for collecting community price data. The house­ hold questionnaire covered a wide variety of topics, including education, health, employment, migration, housing, fertility, agricultural activities, small household businesses, income and expenditures, and credit and sav­ ings. The community questionnaires were completed only in rural areas (where about 80 percent of Vietnamese households live), and detailed price questionnaires were completed in both urban and rural areas.

The section titled “Determinants of Growth” provides a framework for the chapter by briefly reviewing modern growth theory and the empirical growth literature. The empirical results on important institutions and policies for growth, as well as the phenomenon of conditional convergence, are stressed. Policy improvements generally lead to growth accelerations, but without further reform the growth rate will tend to slow over time. “Experience with Reform” then examines a number of indicators of Vietnam’s reform in the late 1980s and 1990s, notably the macroeconomic re­ forms of stabilization, positive real interest rates, trade liberalization, and initial property rights reform in agriculture.

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