Development & Policies Research Center

Displaying 1-26 of 26 results

  • White Papers // Mar 2011

    The Impact Of The Economic Stimulus On Domestic, Private Enterprises

    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 investments inflow, lower global commodity prices and trade. The government of Vietnam has acted quickly with its stimulus...

    Provided By Development & Policies Research Center

  • White Papers // Dec 2010

    Organizational Culture Of Privatized Firms And State-Owned Enterprises In Vietnam

    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 organizational culture between the two company groups exists. Different organizational cultural dimensions were reviewed. Two comparative groups, SOEs and PFs...

    Provided By Development & Policies Research Center

  • White Papers // Dec 2010

    Democracy And Growth Volatility: Exploring The Links

    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 in political regimes across countries and differences in volatility. This is not the case for some of the commonly cited reasons like...

    Provided By Development & Policies Research Center

  • White Papers // Dec 2010

    The Relationship Between Innovation And Productivity Conditional To R&D And ICT use. An Empirical Analysis For firms In Luxembourg

    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 whether R&D activities and ICT use considered as innovation inputs play a role in determining the probability of introducing technological and non technological...

    Provided By Development & Policies Research Center

  • White Papers // Dec 2010

    An Inquiry Into The Determinants Of Vietnamese Product Export

    Export led growth is the model of economic development that Vietnam has been following. While there are a great number of studies on the determinants of aggregate export of Vietnam, there are few that analyze the impacts of different factors on the export of different product groups. This paper aims...

    Provided By Development & Policies Research Center

  • White Papers // Dec 2010

    Freeware As An Advertisement

    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 reduce the power of the monopolist in the market. The authors prove that the successful application of freeware is...

    Provided By Development & Policies Research Center

  • White Papers // Nov 2010

    Remittances For Economic Development: The Investment Perspective

    Based on the economic theory of the family, this paper constructs a model of remittances where the migrant, besides sending money to his family, also invests in his home country. The investment is looked after by a family member in return for some monetary compensation. The model focuses on two...

    Provided By Development & Policies Research Center

  • White Papers // Oct 2010

    Equilibrium On International Financial Assets And Goods Markets

    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 security real returns. In this case, an equilibrium on the international assets market may exist but not on the international goods market....

    Provided By Development & Policies Research Center

  • White Papers // Aug 2010

    Global Financial Crisis, Extreme Interdependences, And Contagion Effects: The Role Of Economic Structure

    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 emerging markets with the US. Several copula functions that provide the necessary exibility to capture the dynamic patterns of fat tail...

    Provided By Development & Policies Research Center

  • White Papers // Aug 2010

    Forecasting The Conditional Volatility Of Oil Spot And Futures Prices With Structural Breaks And Long Memory Models

    This paper investigates whether structural breaks and long memory are relevant features in modeling and forecasting the conditional volatility of oil spot and futures prices using three GARCH-type models, i.e., linear GARCH, GARCH with structural breaks and FIGARCH. By relying on a modified version of Inclan and Tiao (1994)'s iterated...

    Provided By Development & Policies Research Center

  • White Papers // Aug 2010

    Growth And Convergence In A Model With Renewable And Nonrenewable Resources: Existence, Transitional Dynamics, And Empirical Evidence

    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 on results in calculus of variations, a direct proof of existence of optimal solution is provided. Analytical solutions for the...

    Provided By Development & Policies Research Center

  • White Papers // Jul 2010

    Overlapping Generations Economy, Environmental Externalities, And Taxation

    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 an inter-temporal equilibrium and to determine the competitive steady state. This steady state is compared with the equilibrium steady state in...

    Provided By Development & Policies Research Center

  • White Papers // Apr 2010

    Measuring The Effective Rate Of Protection In Vietnam's Economy With Emphasis On The Manufacturing Industry: An Input-Output Approach

    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 standards for its citizens. Having moved from a traditional socialist model to a market-based system, trade is now a major economic priority...

    Provided By Development & Policies Research Center

  • White Papers // Jan 2010

    Day-Of-The-Week Effects In Different Stock Markets: New Evidence On Model-Dependency In Testing Seasonalities In Stock Returns

    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 models. The results show many daily effects, occurring from Monday to Friday, which are different from the weekend effect. No...

    Provided By Development & Policies Research Center

  • White Papers // Jan 2010

    The Global Crisis And Medium Term Growth Prospects For Developing Countries: The Case Of Vietnam

    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 countries, including Vietnam. The crisis together with the recent turbulence of macroeconomic development in the last two years...

    Provided By Development & Policies Research Center

  • White Papers // Jul 2009

    Impacts Of Import Liberalization Policy On Economic Growth In Vietnam: A Channel Analysis

    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 paper focuses on the country's liberalization on internal and international trade polices, an important path of economic reform, by measuring an index for...

    Provided By Development & Policies Research Center

  • White Papers // Jul 2009

    Existence, Optimality And Dynamics Of Equilibria With Endogenous Time Preference

    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 technological external effects and increasing returns have been presented. This paper studies the dynamic implications of, yet another mechanism, the endogenous...

    Provided By Development & Policies Research Center

  • White Papers // Jun 2009

    Gravity Equation For Different Product Groups: A Study At Product Level

    Do homogeneous and heterogeneous goods response the same way to changes in income and different measures of distance? Running country-fixed-effect gravity equation for different product groups, the author finds that homogeneous goods are less responsive to changes in income than heterogenous goods. The author also finds that export volume of...

    Provided By Development & Policies Research Center

  • White Papers // May 2009

    Capitalising On Innovation For Exports By The SME Sector

    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 innovation policy has attracted attention not only from policy makers, but also from researchers and the business community. Innovation in SMEs...

    Provided By Development & Policies Research Center

  • White Papers // Mar 2009

    Volatility Under Bounded Rationality

    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 based on the best available information. When new information arrives, the market's expectations change. Therefore, prices fluctuate. Thus, price volatility is due to information...

    Provided By Development & Policies Research Center

  • White Papers // Feb 2009

    Risk And Inequality Aversion In Social Dilemmas

    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 first part of this experiment is devoted to the elicitation of subjects' aversion profile, taking care not to confuse the two dimensions. Subjects are...

    Provided By Development & Policies Research Center

  • White Papers // Jan 2009

    Total Factor Productivity, Saving Rate And Learning-by-Doing In Growth Process

    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 in TFP growth in NIEs. If the latter is constant in the long-run, then the growth cannot be sustained. The roles...

    Provided By Development & Policies Research Center

  • White Papers // Jan 2009

    New Technology, Human Capital And Growth For Developing Country

    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 and skilled labor used for production of the new technology. They show that there might be three stages of economic growth. In the...

    Provided By Development & Policies Research Center

  • White Papers // Dec 2008

    Can Vietnam Achieve Millennium Development Goal On Poverty Reduction In High Inflation And Economic Stagnation?

    An important goal of Millennium Development Goals that Vietnam committed is to reduce the overall and food poverty. Although Vietnam has achieved remarkable reduction in poverty during the recent years, Vietnam might not achieve its MDG on poverty reduction because of high inflation and economic stagnation. This paper uses three...

    Provided By Development & Policies Research Center

  • White Papers // Nov 2008

    Endogenous Fiscal Policies, Environmental Quality, And Status-Seeking Behavior

    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 preference for capital wealth. The government uses income tax to finance infrastructure and environmental protection. The authors find that accounting...

    Provided By Development & Policies Research Center

  • White Papers // Nov 2008

    The Linkages Between Growth, Poverty And Inequality In Vietnam: An Empirical Analysis

    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 initial poverty rate and subsequent economic growth. However, there is no link between initial inequality and subsequent economic growth. The results...

    Provided By Development & Policies Research Center

  • White Papers // Dec 2010

    Organizational Culture Of Privatized Firms And State-Owned Enterprises In Vietnam

    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 organizational culture between the two company groups exists. Different organizational cultural dimensions were reviewed. Two comparative groups, SOEs and PFs...

    Provided By Development & Policies Research Center

  • White Papers // Dec 2010

    Democracy And Growth Volatility: Exploring The Links

    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 in political regimes across countries and differences in volatility. This is not the case for some of the commonly cited reasons like...

    Provided By Development & Policies Research Center

  • White Papers // Dec 2010

    The Relationship Between Innovation And Productivity Conditional To R&D And ICT use. An Empirical Analysis For firms In Luxembourg

    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 whether R&D activities and ICT use considered as innovation inputs play a role in determining the probability of introducing technological and non technological...

    Provided By Development & Policies Research Center

  • White Papers // Dec 2010

    An Inquiry Into The Determinants Of Vietnamese Product Export

    Export led growth is the model of economic development that Vietnam has been following. While there are a great number of studies on the determinants of aggregate export of Vietnam, there are few that analyze the impacts of different factors on the export of different product groups. This paper aims...

    Provided By Development & Policies Research Center

  • White Papers // Mar 2011

    The Impact Of The Economic Stimulus On Domestic, Private Enterprises

    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 investments inflow, lower global commodity prices and trade. The government of Vietnam has acted quickly with its stimulus...

    Provided By Development & Policies Research Center

  • White Papers // Dec 2010

    Freeware As An Advertisement

    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 reduce the power of the monopolist in the market. The authors prove that the successful application of freeware is...

    Provided By Development & Policies Research Center

  • White Papers // Jul 2009

    Existence, Optimality And Dynamics Of Equilibria With Endogenous Time Preference

    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 technological external effects and increasing returns have been presented. This paper studies the dynamic implications of, yet another mechanism, the endogenous...

    Provided By Development & Policies Research Center

  • White Papers // Nov 2010

    Remittances For Economic Development: The Investment Perspective

    Based on the economic theory of the family, this paper constructs a model of remittances where the migrant, besides sending money to his family, also invests in his home country. The investment is looked after by a family member in return for some monetary compensation. The model focuses on two...

    Provided By Development & Policies Research Center

  • White Papers // Jul 2010

    Overlapping Generations Economy, Environmental Externalities, And Taxation

    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 an inter-temporal equilibrium and to determine the competitive steady state. This steady state is compared with the equilibrium steady state in...

    Provided By Development & Policies Research Center

  • White Papers // Oct 2010

    Equilibrium On International Financial Assets And Goods Markets

    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 security real returns. In this case, an equilibrium on the international assets market may exist but not on the international goods market....

    Provided By Development & Policies Research Center

  • White Papers // Aug 2010

    Global Financial Crisis, Extreme Interdependences, And Contagion Effects: The Role Of Economic Structure

    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 emerging markets with the US. Several copula functions that provide the necessary exibility to capture the dynamic patterns of fat tail...

    Provided By Development & Policies Research Center

  • White Papers // Aug 2010

    Forecasting The Conditional Volatility Of Oil Spot And Futures Prices With Structural Breaks And Long Memory Models

    This paper investigates whether structural breaks and long memory are relevant features in modeling and forecasting the conditional volatility of oil spot and futures prices using three GARCH-type models, i.e., linear GARCH, GARCH with structural breaks and FIGARCH. By relying on a modified version of Inclan and Tiao (1994)'s iterated...

    Provided By Development & Policies Research Center

  • White Papers // Apr 2010

    Measuring The Effective Rate Of Protection In Vietnam's Economy With Emphasis On The Manufacturing Industry: An Input-Output Approach

    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 standards for its citizens. Having moved from a traditional socialist model to a market-based system, trade is now a major economic priority...

    Provided By Development & Policies Research Center

  • White Papers // Jan 2010

    Day-Of-The-Week Effects In Different Stock Markets: New Evidence On Model-Dependency In Testing Seasonalities In Stock Returns

    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 models. The results show many daily effects, occurring from Monday to Friday, which are different from the weekend effect. No...

    Provided By Development & Policies Research Center

  • White Papers // Jan 2010

    The Global Crisis And Medium Term Growth Prospects For Developing Countries: The Case Of Vietnam

    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 countries, including Vietnam. The crisis together with the recent turbulence of macroeconomic development in the last two years...

    Provided By Development & Policies Research Center

  • White Papers // Jul 2009

    Impacts Of Import Liberalization Policy On Economic Growth In Vietnam: A Channel Analysis

    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 paper focuses on the country's liberalization on internal and international trade polices, an important path of economic reform, by measuring an index for...

    Provided By Development & Policies Research Center

  • White Papers // Jun 2009

    Gravity Equation For Different Product Groups: A Study At Product Level

    Do homogeneous and heterogeneous goods response the same way to changes in income and different measures of distance? Running country-fixed-effect gravity equation for different product groups, the author finds that homogeneous goods are less responsive to changes in income than heterogenous goods. The author also finds that export volume of...

    Provided By Development & Policies Research Center

  • White Papers // May 2009

    Capitalising On Innovation For Exports By The SME Sector

    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 innovation policy has attracted attention not only from policy makers, but also from researchers and the business community. Innovation in SMEs...

    Provided By Development & Policies Research Center

  • White Papers // Mar 2009

    Volatility Under Bounded Rationality

    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 based on the best available information. When new information arrives, the market's expectations change. Therefore, prices fluctuate. Thus, price volatility is due to information...

    Provided By Development & Policies Research Center

  • White Papers // Feb 2009

    Risk And Inequality Aversion In Social Dilemmas

    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 first part of this experiment is devoted to the elicitation of subjects' aversion profile, taking care not to confuse the two dimensions. Subjects are...

    Provided By Development & Policies Research Center

  • White Papers // Jan 2009

    Total Factor Productivity, Saving Rate And Learning-by-Doing In Growth Process

    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 in TFP growth in NIEs. If the latter is constant in the long-run, then the growth cannot be sustained. The roles...

    Provided By Development & Policies Research Center

  • White Papers // Dec 2008

    Can Vietnam Achieve Millennium Development Goal On Poverty Reduction In High Inflation And Economic Stagnation?

    An important goal of Millennium Development Goals that Vietnam committed is to reduce the overall and food poverty. Although Vietnam has achieved remarkable reduction in poverty during the recent years, Vietnam might not achieve its MDG on poverty reduction because of high inflation and economic stagnation. This paper uses three...

    Provided By Development & Policies Research Center

  • White Papers // Nov 2008

    Endogenous Fiscal Policies, Environmental Quality, And Status-Seeking Behavior

    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 preference for capital wealth. The government uses income tax to finance infrastructure and environmental protection. The authors find that accounting...

    Provided By Development & Policies Research Center

  • White Papers // Jan 2009

    New Technology, Human Capital And Growth For Developing Country

    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 and skilled labor used for production of the new technology. They show that there might be three stages of economic growth. In the...

    Provided By Development & Policies Research Center

  • White Papers // Aug 2010

    Growth And Convergence In A Model With Renewable And Nonrenewable Resources: Existence, Transitional Dynamics, And Empirical Evidence

    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 on results in calculus of variations, a direct proof of existence of optimal solution is provided. Analytical solutions for the...

    Provided By Development & Policies Research Center

  • White Papers // Nov 2008

    The Linkages Between Growth, Poverty And Inequality In Vietnam: An Empirical Analysis

    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 initial poverty rate and subsequent economic growth. However, there is no link between initial inequality and subsequent economic growth. The results...

    Provided By Development & Policies Research Center