http://tainguyenso.vnu.edu.vn/jspui/handle/123456789/10531 2026-05-17T16:06:29Z http://tainguyenso.vnu.edu.vn/jspui/handle/123456789/11047 The development of financial systems of ASEAN-5 and Vietnam: A comparative analysis Nguyen, Phu Hà This paper looks at the development of the financial systems of ASEAN-5 countries and Vietnam. By making a comparison between factors that foster the financial development of ASEAN-5 and Vietnam, it suggests that both the two sides share common characteristics including: financial repression, bank based development, accelerating liberalization of the financial sector, capital movement, inefficiency, due to lack of competition, effective governance, and managerial freedom. The health of financial system of the ASEAN-5 has improved substantially during the period post 1997-98, with increase in foreign ownership, movement into business line, suitable adjustment for financial deepening and broadening. On the Vietnamese side, it shows rapid changes in the financial sectors with existence of capital market and financial resources as well as risks, resulting from the reforms and international integration. Contrasting the financial development of the two sides, this paper finds that ASEAN-5 is implementing a more stable strategies and moving towards a more balanced financial structure, while Vietnam is taking step by step restructuring and developing its out of date banking sector; as well as supporting for the stock and bond markets. For both Vietnam and ASEAN-5, the banking system and capital market have a large room for further development. 2010-01-01T00:00:00Z http://tainguyenso.vnu.edu.vn/jspui/handle/123456789/11046 Impact of export variety on productivity in Japan Nguyen, Anh Thu This paper underlines the idea of endogenous growth theory that new or higher quality products have significant impacts on productivity and economic growth. Different with previous studies, this paper uses a quite comprehensive definition of variety, which distinguishes the country of origin of the products. With disaggregated level of export data of Japan from 1980 to 2000, the empirical results suggest that nearly half of the industries studied have positive and significant relationship between varieties and Total Factor Productivity (TFP). Most of the industries, which show the positive and significant relationship between export variety and TFP, are secondary industries. This conclusion may bring an implication for Japan to produce more differentiated products to help increase its TFP. 2010-01-01T00:00:00Z http://tainguyenso.vnu.edu.vn/jspui/handle/123456789/11045 Thailand’s inadequate response to the 2008 Economic Crisis: Implications for Vietnam and other countries entering the East Asian economic model John, Walsh By entering the East Asian economic model (EAEM) in the 1950s, the Thai economy was committed to the export-oriented, import-substituting low labour-cost manufacturing paradigm that Vietnam and Cambodia have more recently embraced. The EAEM provides for some success in expanding employment in the manufacturing sector and promoting income generation for its workers and, overall, in promoting national economic development. However, this is a model that has effectiveness that is limited in time, since the very process of national economic development tends to increase incomes and, thereby, undermine the competitiveness on which the model overall is based. In a crisis such as that which began in 2008, therefore, it was necessary for the Thai government to take stock of its labour market planning functions, to review the transparency and adequacy of its inward investment regulations, to promote creative industries, to begin an inclusive national debate as to the nature of future development and similar activities. Unfortunately, the Thai government has by and large failed to take the opportunity to pursue these activities and has, instead, focused largely for political reasons on policies which attempt to prolong membership of the EAEM or which are, in economic terms, apparently irrational or at least unhelpful. This paper investigates the nature and scope of the Thai government’s response to the economic crisis and, from this, considers the implications for governments whose countries are in the early stages of the EAEM but still aware of the need to continual upgrading of the inputs (principally labour) that will make it successful. 2010-01-01T00:00:00Z http://tainguyenso.vnu.edu.vn/jspui/handle/123456789/11044 Developing a bilateral input-output table in the case of Thailand and Vietnam: Methodology and applications Bui, Trinh; et al. This paper attempts to measure and analyze the interdependent economic relations between the countries of Thailand and Vietnam, made possible by constructing a bilateral input- output (I-O) table linking the said two countries. It is an inter-regional type of I-O models that provides a compact and comprehensive accounting framework to quantify the economic inter- relationships among and between industries located in the study regions. Similar to a single-region (national) IO table, an Inter-Regional IO (IRIO) table can be used to estimate the magnitude of an external “shock” on major macroeconomic indicators such as output, value-added, income and employment. However, unlike its single-region counterpart, an IRIO table is able to capture and assess the inter-regional spillover and feedback effects arising from an exogenous change in demand for the output of any one of the study regions. In other words, constructing an IRIO table will not only allow us to estimate the stimulus to production outside the study region benefiting from, say, an increase in foreign demand for its output, but also the resultant impact on its output arising from the production stimulus it causes in the other study regions. This study is deemed to be a prototype of what AREES needs to support its ongoing efforts to develop an integrated database for its proposed research project, entitled: “Impact Analysis of Infrastructure Investment in the Indochina Region: An Input-Output (I-O) Approach.” 2010-01-01T00:00:00Z