Productivity and public expenditure: a structural estimation for Vietnam’s provinces
We propose a structural approach to investigate total factor productivity (TFP) and economic growth of 58 provinces and municipalities of Vietnam (known as one of the most dynamic emerging economies in the last few years). The analysis is applied to the provincial data that are available to us for the period 2000–2007. TFP is composed of three components: an autonomous technological change, an observed deterministic part depending on external factors, and an unobserved stochastic part.
Decision-Making for Systemic Water Risks: Insights From a Participatory Risk Assessment Process in Vietnam
Systemic threats to food‐energy‐environment‐water systems require national policy responses. Yet complete control of these complex systems is impossible and attempts to mitigate systemic risks can generate unexpected feedback effects. Perverse outcomes from national policy can emerge from the diverse responses of decision‐makers across different levels and scales of resource governance.
Understanding the US natural gas market: A Markov switching VAR approach
Over the past three decades, the US natural gas market has witnessed significant changes. Utilizing a standard Bayesian model comparison method, this paper formally determines four regimes existing in the market.
Oil and Iron Ore Price Shocks: What Are the Different Economic Effects in Australia?
This paper compares the macroeconomic effects of global oil and iron ore price shocks on the Australian economy. Using a Bayesian structural vector autoregression model with sign restrictions, we identify three types of shock: supply, demand and specific demand. The main results suggest that, over the period from 1990Q1 to 2014Q4, the oil shock had a relative larger impact than the iron ore shock on output and inflation, while the iron ore shock was the dominant source of interest and exchange rate movements.
Time varying macroeconomic effects of energy price shocks: A new measure for China
In this paper, we examine the effects of world energy price shocks on China's macroeconomy over the past two decades. We begin by showing that the use of oil prices as a proxy for more general energy price dynamics is not appropriate for the case of China. Having established this fact, we propose a new energy price index which accurately reflects the structure of China's energy expenditure shares, and intertemporal fluctuations in international energy prices.
Quasi-experimental evidence on the political impacts of education in Vietnam
This paper estimates the causal effects of education on political concern and political participation in Vietnam by employing the 1991 compulsory schooling reform to instrument for plausibly exogenous changes in education. The paper finds that, in general, education does cause favorable impacts on political outcomes. In particular, one more year of schooling, on average, results in increases in the probabilities of political concern and political participation by about 6–12 percentage points and 6–8 percentage points, respectively.
Factors influencing the adaptation of farmers in response to climate change: a review
This paper aims to review empirical studies regarding factors influencing farmers’ adaptation to climate change and document those factors in a systematic manner. Adaptation to climate change is an important research topic, especially in agriculture, a sector reliant on climate-sensitive resources. Several studies have examined the adaptation issues and identified factors that influence the adaptive responses of farmers in specific contexts or regions. However, little research effort has been paid to collecting and categorizing those factors.