文章基本信息

标题：Nguyen Khac Minh (Vietnam), Manh-Hung Nguyen (France), Nguyen Viet Hung (Vietnam) Modeling transformation in Vietnam using smooth transitions
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作者：Nguyen Khac Minh ; Nguyen Khac Minh ; Manh-Hung Nguyen 等
期刊名称：Environmental Economics
印刷版ISSN：1998-6041
电子版ISSN：1998-605X
出版年度：2011
卷号：2
期号：3
页码：36-46
语种：English
出版社：LLC "CPC "Business Perspectives"
摘要：This study employs a Logistic Smooth Transition Regression to model the impact of economic reforms in Vietnam from 1985 to 2006 in three economic areas: the agricultural sector, industrial sector and service sector. The authors examine the response of both GDP and labor productivity to the reforms in each of these sectors. While our results suggest that allowing for structural breaks in GDP and labor productivity is preferred to either a trend stationary or a unit root process, they also suggest evidence of a positive impact of reforms on GDP growth. Estimated results of parameter J from three models indicate that the speed of the transition of the agricultural sector between the initial and final states was faster than the others. It implies that reforms in agriculture succeeded in encouraging people to work and also in quickly stabilizing the macro economy. Finally, the results also suggest that the different reform policies undertaken had different impacts on the GDP growth of each sector in Vietnam.
关键词：smooth transition; agricultural sector; industrial sector; service sector