Winners and losers in Vietnam equitisation programs |
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Authors: | Hoang Cuong Le Helen Cabalu Ruhul Salim |
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Affiliation: | 1. Murdoch Institute of Technology, Murdoch University, 90 South Street, Perth, WA 6150, Australia;2. School of Economics & Finance, Curtin Business School, Curtin University, Perth, WA 6102, Australia |
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Abstract: | This article develops a computable general equilibrium model of Vietnam to assess the long-run likely effects of the country's equitisation programs on its national economic outcomes and industries. Equitisation is found to be pro-growth as reflected in its contribution to increasing real GDP growth rate in the long run. In terms of industrial output growth rates, the winners include electrical, steel and other manufacturing, while the losers include rice and paddy, and oil, gas and petroleum. To achieve better economic outcomes, the coverage of equitisation should be extended to include medium to large state-owned enterprises across all industries. |
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Keywords: | C68 O53 P22 |
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