IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-03721371.html
   My bibliography  Save this paper

Modelling Transition and International Opening in Asia: The Case of Vietnam with a Comparison with China and the «Asian Tigers»

Author

Listed:
  • Alain Sand-Zantman

    (TEAM - Théories et Applications en Microéconomie et Macroéconomie - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, ERUDITE - Equipe de Recherche sur l’Utilisation des Données Individuelles en lien avec la Théorie Economique - UPEM - Université Paris-Est Marne-la-Vallée - UPEC UP12 - Université Paris-Est Créteil Val-de-Marne - Paris 12)

  • Jean-Louis Brillet

    (Institut national de la statistique et des études économiques (INSEE))

  • Cuong Le Van

    (CERMSEM - CEntre de Recherche en Mathématiques, Statistique et Économie Mathématique - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Jacques Mazier

    (CEPN - Centre d'Economie de l'Université Paris Nord - UP13 - Université Paris 13 - USPC - Université Sorbonne Paris Cité - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper describes the multisectoral macroeconomic model of a small developing economy in transition, in order to highlight linkages between agriculture and the rest of the economy, and consequences of external opening up. Agriculture is a supply sector, sticky in the short range with market clearning by price adjustment. The non agricultural sector is demand-led, with imperfect competition (and hence sticky prices and indexed nominal wages). According to this dual theoretical pattern, labor market is segmented with an unlimited supply in the rural area. This part of labor force is employed in the agricultural sector and in the rural non agricultural one. Urban workers are employed in the non agricultural sector but may face unemployment. The wage gap between urban and rural areas induces migration, according to a Harris Todaro mechanism. This framework is applied to the Vietnam case. A calibrated quantitative model performs a base line simulation from 1993 to 2010, following approximately the path designed by the Vietnamese government. Finally, this model is used to sketch various scenarios, among which traditional macroeconomic packages, structural reforms, and external shocks.

Suggested Citation

  • Alain Sand-Zantman & Jean-Louis Brillet & Cuong Le Van & Jacques Mazier, 2000. "Modelling Transition and International Opening in Asia: The Case of Vietnam with a Comparison with China and the «Asian Tigers»," Post-Print halshs-03721371, HAL.
    • Handle: RePEc:hal:journl:halshs-03721371
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03721371
    as

    Download full text from publisher

    File URL: https://shs.hal.science/halshs-03721371/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mr. Torsten M Sloek & Mr. Sanja Kalra, 1999. "Inflation and Growth in Transition: Are the Asian Economies Different?," IMF Working Papers 1999/118, International Monetary Fund.
    2. Krugman, Paul & Taylor, Lance, 1978. "Contractionary effects of devaluation," Journal of International Economics, Elsevier, vol. 8(3), pages 445-456, August.
    3. Nicholas Crafts, 1999. "East Asian Growth Before and After the Crisis," IMF Staff Papers, Palgrave Macmillan, vol. 46(2), pages 1-2.
    4. Cardoso, Eliana A., 1981. "Food supply and inflation," Journal of Development Economics, Elsevier, vol. 8(3), pages 269-284, June.
    5. Hollis Chenery† & T.N. Srinivasan (ed.), 1989. "Handbook of Development Economics," Handbook of Development Economics, Elsevier, edition 1, volume 2, number 2.
    6. Harris, John R & Todaro, Michael P, 1970. "Migration, Unemployment & Development: A Two-Sector Analysis," American Economic Review, American Economic Association, vol. 60(1), pages 126-142, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alain Sand-Zantman & Jean-Louis Brillet & Cuong Le Van & Jacques Mazier, 2000. "Modelling Transition and International Opening in Asia: The Case of Vietnam with a Comparison with China and the «Asian Tigers»," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03721371, HAL.
    2. Alain Sand-Zantman & Jean-Louis Brillet & Cuong Le Van & Jacques Mazier, 2000. "Modelling Transition And International Opening In Asia: The Case Of Vietnam With A Comparison With China And The "Asian Tigers"," Post-Print halshs-00372748, HAL.
    3. Alain Sand-Zantman & Jean-Louis Brillet & Cuong Le Van & Jacques Mazier, 2000. "Modelling Transition and International Opening in Asia: The Case of Vietnam With a Comparison With China and the "Asian Tigers"," Cahiers de la Maison des Sciences Economiques bla00031, Université Panthéon-Sorbonne (Paris 1).
    4. Alain Sand-Zantman & Jean Louis Brillet & Cuong Le Van & Jacques Mazier, 2000. "Modelling Transition And International Opening In Asia: The Case Of Vietnam With A Comparison With China And The “Asian Tigers”," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 42(4), pages 93-130, December.
    5. Jaewon Lim & Changkeun Lee & Euijune Kim, 2015. "Contributions of human capital investment policy to regional economic growth: an interregional CGE model approach," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 55(2), pages 269-287, December.
    6. Amitava Krishna Dutt, 1989. "Sectoral Balance: A Survey," WIDER Working Paper Series wp-1989-056, World Institute for Development Economic Research (UNU-WIDER).
    7. Gerchunoff, Pablo & Rapetti, Martín, 2016. "La economía argentina y su conflicto distributivo estructural (1930-2015)," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(330), pages .225-272, abril-jun.
    8. Abdallah, Ali, 2022. "Dépréciation réelle de la monnaie et croissance économique [Can real currency depreciation lead growth?]," MPRA Paper 113183, University Library of Munich, Germany.
    9. Frenkel, Roberto & Ros, Jaime, 2006. "Unemployment and the real exchange rate in Latin America," World Development, Elsevier, vol. 34(4), pages 631-646, April.
    10. Van Wijnbergen, Sweder, 1986. "Exchange rate management and stabilization policies in developing countries," Journal of Development Economics, Elsevier, vol. 23(2), pages 227-247, October.
    11. Michael Tribe & Andrew Sumner, 2006. "Development economics at a crossroads? Introduction to a policy arena," Journal of International Development, John Wiley & Sons, Ltd., vol. 18(7), pages 957-966.
    12. Cruz, Moritz & Amann, Edmund & Sánchez, Armando, 2011. "Mexico: food price increases and growth constraints," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    13. Phocenah Nyatanga, 2017. "Zimbabwe’s Trade Performance Under Alternative Trade Policy Regimes," Foreign Trade Review, , vol. 52(2), pages 90-105, May.
    14. Michelle Gilmartin & David Learmouth & J Kim Swales & Peter McGregor & Karen Turner, 2013. "Regional Policy Spillovers: The National Impact of Demand-Side Policy in an Interregional Model of the UK Economy," Environment and Planning A, , vol. 45(4), pages 814-834, April.
    15. Arguello, Ricardo & Jimenez, Dora, 2015. "Dutch Disease, Informality, and Employment Intensity in Colombia," Conference papers 332597, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    16. Pierre‐Richard Agénor, 2004. "Macroeconomic Adjustment and the Poor: Analytical Issues and Cross‐Country Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 18(3), pages 351-408, July.
    17. Antonia López Villavicencio & Josep Lluís Raymond Bara, 2006. "The short and long-run determinants of the real exchange rate in Mexico," Working Papers wpdea0606, Department of Applied Economics at Universitat Autonoma of Barcelona.
    18. Dietrich Vollrath, 2009. "The dual economy in long-run development," Journal of Economic Growth, Springer, vol. 14(4), pages 287-312, December.
    19. Mohamed Amara & Hatem Jemmali, 2018. "Deciphering the Relationship Between Internal Migration and Regional Disparities in Tunisia," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 135(1), pages 313-331, January.
    20. Ather Maqsood Ahmed & Ismail Sirageldin, 1993. "Socio-economic Determinants of Labour Mobility in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 32(2), pages 139-157.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:halshs-03721371. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.