Trade Reform and Macroeconomic Policy in Vietnam
Description
The Asian crisis and the more recent global economic slowdown changed Vietnam's terms of trade adversely. Results from a global macro-model confirm that the consequences were a rural contraction exacerbated by deflation and consequent slower overall employment and GDP growth. Further simulations show that a unilateral trade policy reform could return the economy to its growth benchmark even while export demand remains slack. Although the short run gains from trade reform are directionally...[Show more]
Collections | ANU Research Publications |
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Type: | Working/Technical Paper |
URI: | http://hdl.handle.net/1885/40531 http://digitalcollections.anu.edu.au/handle/1885/40531 |
Source: | Trade Reform and Macroeconomic Policy in Vietnam |
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File | Description | Size | Format | Image |
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wp419.pdf | 434.78 kB | Adobe PDF |
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