Economic Restructuring and Employment in Vietnam: A Panel Granger Causality Approach

• Autorzy: Nguyen Thanh Trong , Nguyen Thi Dong , Pham Thi Ly
• Języki publikacji: EN

Abstrakty

EN

Economic restructuring is an objective process that alters structure, density, speed and quality of economic relations between sectors and regions to achieve a more reasonable structure for the social and economic development of a country. This process can be very diverse, as sometimes it is not in accordance with rules, thus the results of economic restructuring may depend on subjective or objective factors. Vietnam is a country with an abundant labor force, thus economic restructuring towards creating more jobs for workers is considered a key task of its today's economy. Through the statistical data on the structure of economic sectors and employment in 56 provinces and cities across the country in the period of 1998-2017, combined with the use of Granger causality method, the article examines the relationship between economic restructuring and employment in Vietnam. The research results show that economic restructuring has a positive impact on employment, but there is no statistical evidence for the effect of employment on economic restructuring. The research results are consistent with the reality of economic restructuring and job growth in Vietnam, because when the structure of the economic sector changes suit the development of the world, the labor market in Vietnam also changes to meet the changing needs of the economy. (original abstract)

Słowa kluczowe

EN

Employment; Granger casuality; Structural changes

PL

Zatrudnienie; Przyczynowość w sensie Grangera; Zmiany strukturalne

• Czasopismo: Journal of International Studies
• Rocznik: 2021
• Tom: 14
• Numer: nr 2
• Strony: 58--69

Twórcy

autor

Nguyen Thanh Trong

• University of Economics and Law, Vietnam National University Ho Chi Minh City, Vietnam

autor

Nguyen Thi Dong

• University of Economics and Law, Vietnam National University Ho Chi Minh City, Vietnam

autor

Pham Thi Ly

• University of Economics Ho Chi Minh City, Vietnam

Bibliografia

• Anh, N. T. (2007). Assessing the contribution of economic sectors and economic restructuring to labor productivity growth in Vietnam: Ministry of Planning and Investment, Hanoi.
• Baltagi, B. (2008). Econometric analysis of panel data: John Wiley & Sons.
• Canh, N. T. (2001). Labor market in Ho Chi Minh city in the progress of economic transformation and the results of the enterprise survey on labor needs. HCM City: Statistical Publishing House.
• Chenery, H., & Syrquin, M. (1986). Typical patterns of transformation. Industrialization growth, 37-83.
• Dietrich, A. (2009). Does growth cause structural change, or is it the other way round?: a dynamic panel data analyses for seven OECD countries. Retrieved from
• Dumitrescu, E.-I., & Hurlin, C. (2012). Testing for Granger non-causality in heterogeneous panels. Economic modelling, 29(4), 1450-1460.
• Emirmahmutoglu, F., & Kose, N. (2011). Testing for Granger causality in heterogeneous mixed panels. Economic modelling, 28(3), 870-876.
• Erdil, E., & Yetkiner, I. H. (2004). A panel data approach for income-health causality. In: Citeseer.
• Fagerberg, J. (2000). Technological progress, structural change and productivity growth: a comparative study. Structural Change Economic Dynamics, 11(4), 393-411.
• Fisher, A. G. (1935). Clash of progress and security: Macmillan and Co. Limited, London.
• Granger, C. W. (1969). Investigating causal relations by econometric models and cross-spectral methods. Econometrica: journal of the Econometric Society, 424-438.
• Greene, W. H. (2003). Econometric analysis: Pearson Education India.
• Groshen, E. L., & Potter, S. (2003). Has structural change contributed to a jobless recovery? Current Issues in Economics Finance, 9(8).
• GSO. (2018). Annual Statistical Yearbook. Retrieved from www.gso.gov.vn
• GSO. (2020). Statistical Yearbook of Vietnam 2019: General Statistics Office.
• Ho, D. P. (2014). The impact of economic restructuring on the level of economic development and qualit of life. Journal of Economic Development, No.282, 2-14.
• Hurlin, C. (2004). Testing Granger causality in heterogeneous panel data models with fixed coefficients. Document de recherche LEO, 5, 1-31.
• Hurlin, C., & Venet, B. (2001). Granger causality tests in panel data models with fixed coefficients. Cahier de Recherche EURISCO, September, Université Paris IX Dauphine.
• Jorgenson, D. W. (1961). The development of a dual economy. The economic journal, 71(282), 309-334.
• Kim, H. M. (2018). Economic growth and tariff levels in the United States: A Granger causality analysis. Journal of International Studies, 11(4), 79-92.
• Lewis, W. A. (1954). Economic development with unlimited supplies of labour.
• Li, Q., Kovacs, J. F., & Choi, G. H. (2020). High-technology employment growth in China: geographic disparities in economic structure and sectoral performance. Economic Change Restructuring, 1-40.
• Lilien, D. M. (1982). Sectoral shifts and cyclical unemployment. Journal of political economy, 90(4), 777-793.
• Lopez, L., & Weber, S. (2017). Testing for Granger causality in panel data. The Stata Journal, 17(4), 972-984.
• Maris, M. (2019). Structural and productivity shift of industries in Slovakia and Czech Republic: A comparative study. Journal of International Studies, 12(1), 313-323.
• Nair-Reichert, U., & Weinhold, D. (2001). Causality tests for cross-country panels: a New look at FDI and economic growth in developing countries. Oxford bulletin of economics statistics, 63(2), 153-171.
• Nazamuddin. (1996). Structural change and unemployment in Indonesia. Colorado State University,
• Ricardo, D. (1817). On ThePrinciples of Political Economy and Taxation. London: Dent.
• Şahin, L. (2020). Impacts of industrial robot usage on international labor markets and productivity: Evidences from 22 OECD countries. Journal of International Studies, Vol.13(3).
• Syrquin, M. (2010). Kuznets and Pasinetti on the study of structural transformation: Never the Twain shall meet? Structural Change Economic Dynamics, 21(4), 248-257.
• Te, N. Q., & Dong, N. T. (2013). Measuring growth of labor productivity in Vietnam by shift-share analysis of structure of industries. Journal of Economic Development(JED, No. 218), 37-47.
• Teal, F. (2011). Structural Transformation, Employment Creation, and Labor Markets: the implications for poverty reduction in sub-Saharan Africa. In: Citeseer.
• Thompson, G., Murray, T., & Jomini, P. (2012). Trade, employment and structural change: The Australian experience. Retrieved from
• Timmer, M. P., & Szirmai, A. (2000). Productivity growth in Asian manufacturing: the structural bonus hypothesis examined. Structural Change Economic Dynamics, 11(4), 371-392.
• Weinhold, D. (1996). Investment, growth and causality testing in panels. Economie et Prevision, 126, 163-175.

Identyfikatory

DOI

10.14254/2071-8330.2021/14-2/4