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Did Vietnam's market-based labor export policy aid its economic take-off? A synthetic control approach

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  • Mingchao Sun

    (Sophia Institute for Human Security, Sophia University)

Abstract

Vietnam's market-based labor export policy (LEP) was adopted in 1991. Using the synthetic control method, I estimated the effect of this LEP on Vietnam's per capita GDP. The results show that the gap between the actual and synthetic per capita GDP widened ten-fold from 1991 to 2000. The average annual growth effect over the first four years was 2.2 times that of the last five years. The findings imply that the market-based LEP positively influenced the early stages of Vietnam's economic reform and was a cause of Vietnam's economic take-off.

Suggested Citation

  • Mingchao Sun, 2024. "Did Vietnam's market-based labor export policy aid its economic take-off? A synthetic control approach," Economics Bulletin, AccessEcon, vol. 44(1), pages 251-263.
    • Handle: RePEc:ebl:ecbull:eb-22-00634
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    References listed on IDEAS

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    More about this item

    Keywords

    development; labor export; international migrant workers; remittance; synthetic control;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • J1 - Labor and Demographic Economics - - Demographic Economics

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