The study by Rama and Sa (2005) focuses on identifying similarities between the findings of the CGE studies. The present study attempts, instead, to focus on differences. Do studies really differ that much? This overall question is addressed by providing a detailed review of assumptions, data,...

During the past two decades Vietnam has witnessed increasing engagement with the world market, achieved through entry into numerous international trading agreements, altered border policies, institutional reforms, and relaxation of controls on foreign investment. These endeavors have been repaid...

This paper examines Vietnam’s experience with bilateral trade agreements and compares subsequent outcomes with predictions from existing computable general equilibrium (CGE) models. Those model based assessments have greatly underestimated the impact of past agreements. Tariff reform is not...

International economic integration has been a central policy goal for the Vietnam government since the doi moi reform was initiated in 1986. We explore the Vietnamese increasing integration into the world market and bouts of high inflation. Five price transmission models using three levels of...

This paper examines Vietnam’s experience with bilateral trade agreements and compares subsequent outcomes with predictions from existing computable general equilibrium (CGE) models. Those model based assessments have greatly underestimated the impact of past agreements. Tariff reform is not...

This paper examines Vietnam’s experience with bilateral trade agreements and compares subsequent outcomes with predictions from existing computable general equilibrium (CGE) models. Those model based assessments have greatly underestimated the impact of past agreements. Tariff reform is not...

Vietnam has been among the most successful East Asian economies, especially in weathering the external shocks of recent globalization crises. Examination of economic performance and policy responses shows rising dependence on foreign finance around each crisis, and actions by the government to...

The study by Rama and Sa (2005) focuses on identifying similarities between the findings of the CGE studies. The present study attempts, instead, to focus on differences. Do studies really differ that much? This overall question is addressed by providing a detailed review of assumptions, data,...

Vietnam has been among the most successful East Asian economies, especially in weathering the external shocks of recent globalization crises—the 1997-98 Asian financial crisis and the 2008-09 great recession, financial crisis and collapse of global trade. Its success contradicts its...

In this paper we assess the IMF approach to economic reform in developing countries. The impact of IMF program participation on economic growth has been evaluated empirically in a cross-country literature, with little evidence of IMF programs having been successful. This suggests that a fresh...