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Development & Policies Research Center
(43 results)-
White Papers
Organizational Culture Of Privatized Firms And State-Owned Enterprises In Vietnam
December 9, 2010, 12:00am PST
The purpose of this paper is to examine the organizational culture of State-Owned Enterprises (SOEs) and Privatized Firms (PFs) in Vietnam, and to study whether or not the difference in...
Provided by Development & Policies Research Center
-
White Papers
Democracy And Growth Volatility: Exploring The Links
December 8, 2010, 12:00am PST
The authors study the volatility of growth rates and find that it differs systematically across countries. This empirical investigation reveals that there is a high correlation between disparity...
Provided by Development & Policies Research Center
-
White Papers
The Relationship Between Innovation And Productivity Conditional To R&D And ICT use. An Empirical Analysis For firms In Luxembourg
December 2, 2010, 12:00am PST
This paper raises the question of the relationship between innovation and productivity conditional to ICT use and R&D activities during the innovation process. Concretely, the author wonder...
Provided by Development & Policies Research Center
-
White Papers
The Impact Of The Economic Stimulus On Domestic, Private Enterprises
March 3, 2011, 12:00am PST
In the year 2008 and the first half of 2009, the world witnessed the unfolding and heavy repercussions of the global financial crisis which affected Vietnam, among others, through the reduction of...
Provided by Development & Policies Research Center
-
White Papers
Freeware As An Advertisement
December 2, 2010, 12:00am PST
This paper examines the situation in which a monopolist offers freeware as an advertisement to increase the demand in order to maximize profit even though the existence of such freeware will...
Provided by Development & Policies Research Center
-
White Papers
Existence, Optimality And Dynamics Of Equilibria With Endogenous Time Preference
July 1, 2009, 12:00am PDT
To account for the development patterns that differ considerably among economies in the long run, a variety of one-sector models that incorporate some degree of market imperfections based on...
Provided by Development & Policies Research Center
-
White Papers
Overlapping Generations Economy, Environmental Externalities, And Taxation
July 7, 2010, 12:00am PDT
The author sets up in this paper an overlapping generation's economy with environment degrading itself and pollution resulting from both consumption and production to show that there always exists...
Provided by Development & Policies Research Center
-
White Papers
Equilibrium On International Financial Assets And Goods Markets
October 7, 2010, 12:00am PDT
The international asset pricing models are mostly developed in the situation where Purchasing Power Parity (PPP) is not respected. Investors of different countries do not agree on expected...
Provided by Development & Policies Research Center
-
White Papers
Global Financial Crisis, Extreme Interdependences, And Contagion Effects: The Role Of Economic Structure
August 26, 2010, 12:00am PDT
The paper examines the extent of the current global crisis and the contagion effects it induces by conducting an empirical investigation of the extreme financial inter-dependences of some selected...
Provided by Development & Policies Research Center
-
White Papers
Measuring The Effective Rate Of Protection In Vietnam's Economy With Emphasis On The Manufacturing Industry: An Input-Output Approach
April 14, 2010, 12:00am PDT
In recent years, Vietnam has modernized its economic policies. Positive results include an economic growth rate averaging more than 7% per annum, increased foreign investment and improved living...
Provided by Development & Policies Research Center
-
White Papers
Day-Of-The-Week Effects In Different Stock Markets: New Evidence On Model-Dependency In Testing Seasonalities In Stock Returns
January 19, 2010, 12:00am PST
This paper investigates the day-of-the-week effects in the stock indexes of both developed and emerging markets as well as the MSCI world index from March 2002− May 2008 using regression...
Provided by Development & Policies Research Center
-
White Papers
The Global Crisis And Medium Term Growth Prospects For Developing Countries: The Case Of Vietnam
January 5, 2010, 12:00am PST
Thanks to the high economic growth rate during the last 20 years, Vietnam is expected to join the middle-income country group by around 2010. The global financial crisis has severely impacted many...
Provided by Development & Policies Research Center
-
White Papers
The Roles Of Arbitrageurs - UK evidence
August 1, 2008, 12:00am PDT
The UK context with its distinct regulation on information disclosure during the takeover period provides an excellent setting to examine how the regulation can affect the roles that arbitrageurs...
Provided by Development & Policies Research Center
-
White Papers
Impacts Of Import Liberalization Policy On Economic Growth In Vietnam: A Channel Analysis
July 21, 2009, 12:00am PDT
Vietnam, a transitional economy that started its historic economic reform in 1986, has been pursuing both the market-oriented and state-controlled developments for more than twenty years. This...
Provided by Development & Policies Research Center
-
White Papers
Capitalising On Innovation For Exports By The SME Sector
May 14, 2009, 12:00am PDT
A key question facing Vietnamese policy makers is how to improve the competitiveness of the small and medium enterprises. Among the many initiatives being proposed to improve their competitiveness...
Provided by Development & Policies Research Center
-
White Papers
Volatility Under Bounded Rationality
March 15, 2009, 12:00am PDT
The ARCH model shares with the related literature on risk and return one common thing: rational-expectation paradigm. In particular, market prices should reflect investors' rational forecasts...
Provided by Development & Policies Research Center
-
White Papers
Risk And Inequality Aversion In Social Dilemmas
February 1, 2009, 12:00am PST
The authors experimentally investigate cooperative behaviour in a social dilemma situation, where the socially efficient outcome may be encouraged by risk aversion and/or inequality aversion. The...
Provided by Development & Policies Research Center
-
White Papers
Total Factor Productivity, Saving Rate And Learning-by-Doing In Growth Process
January 30, 2009, 12:00am PST
In transitional stage savings rate play an important role in output growth rate as proposed by Krugman. Accumulationists are also right as claiming that learning-by-doing plays an important role...
Provided by Development & Policies Research Center
-
White Papers
Endogenous Fiscal Policies, Environmental Quality, And Status-Seeking Behavior
November 3, 2008, 12:00am PST
This paper analyzes endogenous fiscal policy in an endogenous growth model where agents care about social status and environmental quality. The quest for a higher status is assimilated to a...
Provided by Development & Policies Research Center
-
White Papers
Economy - Wide Multipliers Extended By The Inter-Regional Demographic-Economic Modeling (IRDEM)
September 29, 2008, 12:00am PDT
This paper attempts to measure the extent of inter-regional economic interdependence between primary and redistribution incomes. This means that any change in final demand for goods and services...
Provided by Development & Policies Research Center
-
White Papers
Existence Of Competitive Equilibrium In An Optimal Growth Model With Heterogeneous Agents And Endogenous Leisure
June 1, 2008, 12:00am PDT
This paper proves the existence of competitive equilibrium in a single sector dynamic economy with heterogeneous agents and elastic labor supply. The method of proof relies on some recent results...
Provided by Development & Policies Research Center
-
White Papers
New Technology, Human Capital, Total Factor Productivity And Growth Process For Developing Countries
August 5, 2008, 12:00am PDT
Solowian view on miracle growth rate in NIEs as a result of productivity growth whereas many others (e.g. Krugman [1997]) convince that broad cap-ital accumulation is only true engine underlying...
Provided by Development & Policies Research Center
-
White Papers
Growth And Convergence In A Model With Renewable And Nonrenewable Resources
July 1, 2008, 12:00am PDT
This paper analyzes the transitional dynamics in a model of economic growth with endogenous technological change and two alternative sources of energy: renewable and non-renewable resources. The...
Provided by Development & Policies Research Center
-
White Papers
No Arbitrage Condition And Existence Of Equilibrium In Infinite Or Finite Dimension With Expected Risk Averse Utilities
July 4, 2008, 12:00am PDT
The authors consider a general equilibrium model in asset markets with a countable set of states and expected risk averse utilities. The agents do not have the same beliefs. They use the methods...
Provided by Development & Policies Research Center
-
White Papers
Exhaustible Resources, Technology Transition, And Endogenous Fertility In An Overlapping - Generations Model
July 8, 2008, 12:00am PDT
The paper presents a synthesis of the economics of exhaustible resources and that of endogenous fertility in an overlapping-generations model. Renewable energy is produced by a backstop, while the...
Provided by Development & Policies Research Center
-
White Papers
Promoting Clean Technologies: The Energy Market Structure Crucially Matters
June 6, 2008, 12:00am PDT
The authors develop a general equilibrium vintage capital model with embodied energy-saving technological progress and an explicit energy market to study the impact of investment subsidies on...
Provided by Development & Policies Research Center
-
White Papers
A Non-dictatorial Criterion For Optimal Growth Models
March 1, 2008, 12:00am PST
There are two main approaches for defining social welfare relations for an economy with infinite horizon. The first one is to consider the set of intertemporal utility streams generated by a...
Provided by Development & Policies Research Center
-
White Papers
The Theories Of Trade, FDI And Technology Transfer: A Survey
August 1, 2007, 12:00am PDT
This paper surveys the most relevant theoretical studies on the relationship between trade, FDI and technology transfer. Its aim is to give an analysis of theoretical models, highlighting their...
Provided by Development & Policies Research Center
-
White Papers
When Does A Developing Country Use New Technologies?
February 24, 2008, 12:00am PST
The authors develop a model of optimal pattern of economic development that is first rooted in physical capital accumulation and then in technical progress. They study an economy where capital...
Provided by Development & Policies Research Center
-
White Papers
Strategic Debt: Evidence From Bertrand And Cournot Competition
June 1, 2007, 12:00am PDT
The authors investigate how competitive behavior affects the capital structure of a firm. Theory predicts that the impact of different types of output market uncertainty (in particular,...
Provided by Development & Policies Research Center
-
White Papers
Walras And Dividends Equilibrium With Possibly Satiated Consumers
January 25, 2008, 12:00am PST
The main contribution of the paper is to provide a weaker non-satiation assumption than the one commonly used in the literature to ensure the existence of competitive equilibrium. This assumption...
Provided by Development & Policies Research Center
-
White Papers
Non-convex Aggregate Technology And Optimal Economic Growth
September 26, 2007, 12:00am PDT
This paper examines a model of optimal growth where the aggregation of two separate well behaved and concave production technologies exhibits a basic non-convexity. First, the authors consider the...
Provided by Development & Policies Research Center
-
White Papers
No Unbounded Arbitrage, Weak No Market Arbitrage And No Arbitrage Price System Conditions: The Circular Results
January 12, 2008, 12:00am PST
Page and Wooders (1996) prove that the No-UnBounded-Arbitrage (NUBA) condition introduced by Page (1987) is equivalent to the existence of a No Arbitrage Price (NAPS) when no agent has non-null...
Provided by Development & Policies Research Center
-
White Papers
Globalization, North-South Industrial Location And Environmental Competition
January 12, 2008, 12:00am PST
Relying on a North-South model of economic geography, the authors' paper attempts to discuss the management of global pollution issues such as greenhouse gas emissions. As firms are increasingly...
Provided by Development & Policies Research Center
-
White Papers
East Asian Currency Area: A Fuzzy Clustering Analysis Of Homogeneity
October 13, 2007, 12:00am PDT
This paper attempts to examine the degree of homogeneity and the plausibility of a currency union in East Asia from the perspective of multiple OCA criteria, using the technique of fuzzy...
Provided by Development & Policies Research Center
-
White Papers
Nominal Rigidities And The Real Effects Of Monetary Policy In A Structural VAR Model
June 1, 2007, 12:00am PDT
The paper proposes an empirical VAR for the UK open economy in order to measure the effects of monetary policy shocks from 1981 to 2003. The identification of the VAR structure is based on...
Provided by Development & Policies Research Center
-
White Papers
The Comovements In International Stock Markets: New Evidence From Latin American Emerging Countries
July 1, 2007, 12:00am PDT
The authors analyze the time-variations of conditional correlations between selected Latin American emerging markets and between them and the World stock market to further shed light on the issues...
Provided by Development & Policies Research Center
-
White Papers
Does Macroeconomic Transparency Help Governments Be Solvent? Evidence From Recent Data
September 30, 2007, 12:00am PDT
This paper investigates whether macroeconomic and data transparency standards lead to lower borrowing costs in sovereign bond markets. The authors essentially show that emerging market countries...
Provided by Development & Policies Research Center
-
White Papers
Testing For Structural Breaks And Dynamic Changes In Emerging Market Volatility
October 2, 2007, 12:00am PDT
This paper aims to test for structural breaks and dynamic changes in emerging market volatility. The authors typically relate these issues to stock market liberalization since the latter is often...
Provided by Development & Policies Research Center
-
White Papers
New Technology, Human Capital And Growth For Developing Country
January 27, 2009, 12:00am PST
The authors consider a developing country with three sectors in economy: consumption goods, new technology, and education. Productivity of the consumption goods sector depends on new technology...
Provided by Development & Policies Research Center
-
White Papers
The Linkages Between Growth, Poverty And Inequality In Vietnam: An Empirical Analysis
November 1, 2008, 12:00am PDT
This paper examines how initial inequality and poverty rate are related to subsequent economic growth in the provincial level of Vietnam. The results show a robust negative relationship between...
Provided by Development & Policies Research Center
-
White Papers
Growth And Convergence In A Model With Renewable And Nonrenewable Resources: Existence, Transitional Dynamics, And Empirical Evidence
August 21, 2010, 12:00am PDT
This paper studies an optimal endogenous growth model using physical capital, labor and two kinds of natural resources in the final goods sector and employing labor to accumulate knowledge. Based...
Provided by Development & Policies Research Center
-
White Papers
Dynamic Demographics And Economic Growth In Vietnam
July 25, 2008, 12:00am PDT
This paper is an empirical study of the effect of demographics on economic growth in Vietnam. Empirical results show that in recent years, Vietnam's demographics have been changing remarkably with...
Provided by Development & Policies Research Center
-
White Papers
New Technology, Human Capital And Growth For Developing Country
January 27, 2009, 12:00am PST
The authors consider a developing country with three sectors in economy: consumption goods, new technology, and education. Productivity of the consumption goods sector depends on new technology...
Provided by Development & Policies Research Center
-
White Papers
Testing For Structural Breaks And Dynamic Changes In Emerging Market Volatility
October 2, 2007, 12:00am PDT
This paper aims to test for structural breaks and dynamic changes in emerging market volatility. The authors typically relate these issues to stock market liberalization since the latter is often...
Provided by Development & Policies Research Center
-
White Papers
Does Macroeconomic Transparency Help Governments Be Solvent? Evidence From Recent Data
September 30, 2007, 12:00am PDT
This paper investigates whether macroeconomic and data transparency standards lead to lower borrowing costs in sovereign bond markets. The authors essentially show that emerging market countries...
Provided by Development & Policies Research Center
-
White Papers
The Comovements In International Stock Markets: New Evidence From Latin American Emerging Countries
July 1, 2007, 12:00am PDT
The authors analyze the time-variations of conditional correlations between selected Latin American emerging markets and between them and the World stock market to further shed light on the issues...
Provided by Development & Policies Research Center
-
White Papers
Nominal Rigidities And The Real Effects Of Monetary Policy In A Structural VAR Model
June 1, 2007, 12:00am PDT
The paper proposes an empirical VAR for the UK open economy in order to measure the effects of monetary policy shocks from 1981 to 2003. The identification of the VAR structure is based on...
Provided by Development & Policies Research Center
-
White Papers
East Asian Currency Area: A Fuzzy Clustering Analysis Of Homogeneity
October 13, 2007, 12:00am PDT
This paper attempts to examine the degree of homogeneity and the plausibility of a currency union in East Asia from the perspective of multiple OCA criteria, using the technique of fuzzy...
Provided by Development & Policies Research Center
-
White Papers
Globalization, North-South Industrial Location And Environmental Competition
January 12, 2008, 12:00am PST
Relying on a North-South model of economic geography, the authors' paper attempts to discuss the management of global pollution issues such as greenhouse gas emissions. As firms are increasingly...
Provided by Development & Policies Research Center
-
White Papers
No Unbounded Arbitrage, Weak No Market Arbitrage And No Arbitrage Price System Conditions: The Circular Results
January 12, 2008, 12:00am PST
Page and Wooders (1996) prove that the No-UnBounded-Arbitrage (NUBA) condition introduced by Page (1987) is equivalent to the existence of a No Arbitrage Price (NAPS) when no agent has non-null...
Provided by Development & Policies Research Center
-
White Papers
Non-convex Aggregate Technology And Optimal Economic Growth
September 26, 2007, 12:00am PDT
This paper examines a model of optimal growth where the aggregation of two separate well behaved and concave production technologies exhibits a basic non-convexity. First, the authors consider the...
Provided by Development & Policies Research Center
-
White Papers
Walras And Dividends Equilibrium With Possibly Satiated Consumers
January 25, 2008, 12:00am PST
The main contribution of the paper is to provide a weaker non-satiation assumption than the one commonly used in the literature to ensure the existence of competitive equilibrium. This assumption...
Provided by Development & Policies Research Center
-
White Papers
Strategic Debt: Evidence From Bertrand And Cournot Competition
June 1, 2007, 12:00am PDT
The authors investigate how competitive behavior affects the capital structure of a firm. Theory predicts that the impact of different types of output market uncertainty (in particular,...
Provided by Development & Policies Research Center
-
White Papers
When Does A Developing Country Use New Technologies?
February 24, 2008, 12:00am PST
The authors develop a model of optimal pattern of economic development that is first rooted in physical capital accumulation and then in technical progress. They study an economy where capital...
Provided by Development & Policies Research Center
-
White Papers
The Theories Of Trade, FDI And Technology Transfer: A Survey
August 1, 2007, 12:00am PDT
This paper surveys the most relevant theoretical studies on the relationship between trade, FDI and technology transfer. Its aim is to give an analysis of theoretical models, highlighting their...
Provided by Development & Policies Research Center
-
White Papers
A Non-dictatorial Criterion For Optimal Growth Models
March 1, 2008, 12:00am PST
There are two main approaches for defining social welfare relations for an economy with infinite horizon. The first one is to consider the set of intertemporal utility streams generated by a...
Provided by Development & Policies Research Center
-
White Papers
Promoting Clean Technologies: The Energy Market Structure Crucially Matters
June 6, 2008, 12:00am PDT
The authors develop a general equilibrium vintage capital model with embodied energy-saving technological progress and an explicit energy market to study the impact of investment subsidies on...
Provided by Development & Policies Research Center
-
White Papers
Exhaustible Resources, Technology Transition, And Endogenous Fertility In An Overlapping - Generations Model
July 8, 2008, 12:00am PDT
The paper presents a synthesis of the economics of exhaustible resources and that of endogenous fertility in an overlapping-generations model. Renewable energy is produced by a backstop, while the...
Provided by Development & Policies Research Center
-
White Papers
No Arbitrage Condition And Existence Of Equilibrium In Infinite Or Finite Dimension With Expected Risk Averse Utilities
July 4, 2008, 12:00am PDT
The authors consider a general equilibrium model in asset markets with a countable set of states and expected risk averse utilities. The agents do not have the same beliefs. They use the methods...
Provided by Development & Policies Research Center
-
White Papers
Growth And Convergence In A Model With Renewable And Nonrenewable Resources
July 1, 2008, 12:00am PDT
This paper analyzes the transitional dynamics in a model of economic growth with endogenous technological change and two alternative sources of energy: renewable and non-renewable resources. The...
Provided by Development & Policies Research Center
-
White Papers
New Technology, Human Capital, Total Factor Productivity And Growth Process For Developing Countries
August 5, 2008, 12:00am PDT
Solowian view on miracle growth rate in NIEs as a result of productivity growth whereas many others (e.g. Krugman [1997]) convince that broad cap-ital accumulation is only true engine underlying...
Provided by Development & Policies Research Center
-
White Papers
Existence Of Competitive Equilibrium In An Optimal Growth Model With Heterogeneous Agents And Endogenous Leisure
June 1, 2008, 12:00am PDT
This paper proves the existence of competitive equilibrium in a single sector dynamic economy with heterogeneous agents and elastic labor supply. The method of proof relies on some recent results...
Provided by Development & Policies Research Center
-
White Papers
Economy - Wide Multipliers Extended By The Inter-Regional Demographic-Economic Modeling (IRDEM)
September 29, 2008, 12:00am PDT
This paper attempts to measure the extent of inter-regional economic interdependence between primary and redistribution incomes. This means that any change in final demand for goods and services...
Provided by Development & Policies Research Center
-
White Papers
Endogenous Fiscal Policies, Environmental Quality, And Status-Seeking Behavior
November 3, 2008, 12:00am PST
This paper analyzes endogenous fiscal policy in an endogenous growth model where agents care about social status and environmental quality. The quest for a higher status is assimilated to a...
Provided by Development & Policies Research Center
-
White Papers
Total Factor Productivity, Saving Rate And Learning-by-Doing In Growth Process
January 30, 2009, 12:00am PST
In transitional stage savings rate play an important role in output growth rate as proposed by Krugman. Accumulationists are also right as claiming that learning-by-doing plays an important role...
Provided by Development & Policies Research Center
-
White Papers
Risk And Inequality Aversion In Social Dilemmas
February 1, 2009, 12:00am PST
The authors experimentally investigate cooperative behaviour in a social dilemma situation, where the socially efficient outcome may be encouraged by risk aversion and/or inequality aversion. The...
Provided by Development & Policies Research Center
-
White Papers
Volatility Under Bounded Rationality
March 15, 2009, 12:00am PDT
The ARCH model shares with the related literature on risk and return one common thing: rational-expectation paradigm. In particular, market prices should reflect investors' rational forecasts...
Provided by Development & Policies Research Center
-
White Papers
Capitalising On Innovation For Exports By The SME Sector
May 14, 2009, 12:00am PDT
A key question facing Vietnamese policy makers is how to improve the competitiveness of the small and medium enterprises. Among the many initiatives being proposed to improve their competitiveness...
Provided by Development & Policies Research Center
-
White Papers
Impacts Of Import Liberalization Policy On Economic Growth In Vietnam: A Channel Analysis
July 21, 2009, 12:00am PDT
Vietnam, a transitional economy that started its historic economic reform in 1986, has been pursuing both the market-oriented and state-controlled developments for more than twenty years. This...
Provided by Development & Policies Research Center
-
White Papers
The Roles Of Arbitrageurs - UK evidence
August 1, 2008, 12:00am PDT
The UK context with its distinct regulation on information disclosure during the takeover period provides an excellent setting to examine how the regulation can affect the roles that arbitrageurs...
Provided by Development & Policies Research Center
-
White Papers
The Global Crisis And Medium Term Growth Prospects For Developing Countries: The Case Of Vietnam
January 5, 2010, 12:00am PST
Thanks to the high economic growth rate during the last 20 years, Vietnam is expected to join the middle-income country group by around 2010. The global financial crisis has severely impacted many...
Provided by Development & Policies Research Center
-
White Papers
Day-Of-The-Week Effects In Different Stock Markets: New Evidence On Model-Dependency In Testing Seasonalities In Stock Returns
January 19, 2010, 12:00am PST
This paper investigates the day-of-the-week effects in the stock indexes of both developed and emerging markets as well as the MSCI world index from March 2002− May 2008 using regression...
Provided by Development & Policies Research Center
-
White Papers
Measuring The Effective Rate Of Protection In Vietnam's Economy With Emphasis On The Manufacturing Industry: An Input-Output Approach
April 14, 2010, 12:00am PDT
In recent years, Vietnam has modernized its economic policies. Positive results include an economic growth rate averaging more than 7% per annum, increased foreign investment and improved living...
Provided by Development & Policies Research Center
-
White Papers
Global Financial Crisis, Extreme Interdependences, And Contagion Effects: The Role Of Economic Structure
August 26, 2010, 12:00am PDT
The paper examines the extent of the current global crisis and the contagion effects it induces by conducting an empirical investigation of the extreme financial inter-dependences of some selected...
Provided by Development & Policies Research Center
-
White Papers
Equilibrium On International Financial Assets And Goods Markets
October 7, 2010, 12:00am PDT
The international asset pricing models are mostly developed in the situation where Purchasing Power Parity (PPP) is not respected. Investors of different countries do not agree on expected...
Provided by Development & Policies Research Center
-
White Papers
Overlapping Generations Economy, Environmental Externalities, And Taxation
July 7, 2010, 12:00am PDT
The author sets up in this paper an overlapping generation's economy with environment degrading itself and pollution resulting from both consumption and production to show that there always exists...
Provided by Development & Policies Research Center
-
White Papers
Existence, Optimality And Dynamics Of Equilibria With Endogenous Time Preference
July 1, 2009, 12:00am PDT
To account for the development patterns that differ considerably among economies in the long run, a variety of one-sector models that incorporate some degree of market imperfections based on...
Provided by Development & Policies Research Center
-
White Papers
Freeware As An Advertisement
December 2, 2010, 12:00am PST
This paper examines the situation in which a monopolist offers freeware as an advertisement to increase the demand in order to maximize profit even though the existence of such freeware will...
Provided by Development & Policies Research Center
-
White Papers
The Impact Of The Economic Stimulus On Domestic, Private Enterprises
March 3, 2011, 12:00am PST
In the year 2008 and the first half of 2009, the world witnessed the unfolding and heavy repercussions of the global financial crisis which affected Vietnam, among others, through the reduction of...
Provided by Development & Policies Research Center
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