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Globalization, Economic Reform, and Structural Price Transmission: SAM Decomposition Techniques with an empirical application to Vietnam

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  • Roland-Holst, David
  • Tarp, Finn

Abstract

Globalization poses special challenges for economies in transition, particularly those which have been slow to reform systems of administered prices. Such allocation mechanisms now encounter significant friction from external market forces, and it is vital for policymakers to better anticipate the incidence of external price transmission. In this paper, we propose a novel variation of multiplier decomposition methods; make use of an up-to-date social accounting matrix (SAM) for Vietnam; and demonstrate how this kind of information can help identify adverse incentive and wealth effects that might undermine reform and structural adjustments efforts in this important emerging Asian economy.

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  • Roland-Holst, David & Tarp, Finn, 2003. "Globalization, Economic Reform, and Structural Price Transmission: SAM Decomposition Techniques with an empirical application to Vietnam," MPRA Paper 29367, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:29367
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    References listed on IDEAS

    as
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    5. David W. Roland‐Holst & Ferran Sancho, 1992. "Relative Income Determination In The United States: A Social Accounting Perspective," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 38(3), pages 311-327, September.
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    9. Pyatt, Graham, 1988. "A SAM approach to modeling," Journal of Policy Modeling, Elsevier, vol. 10(3), pages 327-352.
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    Cited by:

    1. Dang Thi Thu Hoai & Finn Tarp & Dirk van Seventer & Ho Cong Hoa, 2016. "Growth and structural transformation in Vietnam during the 2000s," WIDER Working Paper Series wp-2016-108, World Institute for Development Economic Research (UNU-WIDER).
    2. Paul Dorosh & Abdul Salam, 2008. "Wheat Markets and Price Stabilisation in Pakistan: An Analysis of Policy Options," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 47(1), pages 71-87.
    3. Dang Thi Thu Hoai & Finn Tarp & Dirk van Seventer & Ho Cong Hoa., 2016. "Growth and structural transformation in Vietnam during the 2000s," WIDER Working Paper Series 108, World Institute for Development Economic Research (UNU-WIDER).

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    More about this item

    Keywords

    Price transmission; SAMs; multiplier decomposition; Vietnam;
    All these keywords.

    JEL classification:

    • C69 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Other
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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