Structural Transformation, Biased Technological Change, and Employment in Vietnam
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Structural Transformation, Biased Technological Change, and Employment in Vietnam. / Abbott, Philip; Tarp, Finn; Wu, Ce.
I: European Journal of Development Research, Bind 29, Nr. 1, 29.10.2015, s. 54-72.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Structural Transformation, Biased Technological Change, and Employment in Vietnam
AU - Abbott, Philip
AU - Tarp, Finn
AU - Wu, Ce
PY - 2015/10/29
Y1 - 2015/10/29
N2 - 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.
AB - 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.
U2 - 10.1057/ejdr.2015.64
DO - 10.1057/ejdr.2015.64
M3 - Journal article
VL - 29
SP - 54
EP - 72
JO - European Journal of Development Research
JF - European Journal of Development Research
SN - 0957-8811
IS - 1
ER -
ID: 146209225