{"id":1015,"date":"2013-08-31T15:40:02","date_gmt":"2013-08-31T15:40:02","guid":{"rendered":"http:\/\/www.asimmetrie.org\/?p=1015"},"modified":"2022-07-22T17:01:28","modified_gmt":"2022-07-22T16:01:28","slug":"wp-201302-economic-growth-and-bop-constraint-in-vietnam","status":"publish","type":"publication","link":"https:\/\/asimmetrie.org\/en\/pubblicazioni\/wp-201302-economic-growth-and-bop-constraint-in-vietnam\/","title":{"rendered":"WP 2013\/02: Economic growth and BoP constraint in Vietnam"},"content":{"rendered":"

As Tony Thirlwall puts it in The Nature of Economic Growth<\/em><\/span><\/a><\/strong><\/span>, there is a fundamental asymmetry bewteen exports and the other components of aggregate demand: exports are the only component of aggregate demand whose increase determines an inflow of foreign currency. This asymmetry implies that the rate of growth of an economy may be balance-of-payments constrained on the long-run. The paper by Bagnai, Rieber and Tran uses the balance-of-payments constraint to explain the growth performance of Vietnam in the last two decades, as well as to forecast the impact of the global financial crisis on the Vietnamese economy.<\/p>\n

A revised version of this working paper is forthcoming on Journal of Post Keynesian Economics<\/em><\/a><\/strong>. Due to copyright restrictions, the working paper version<\/span><\/a><\/strong><\/span> is no longer available for download. It will be available again after a 18 months embargo. Thanks for your understanding and for supporting our research.<\/p>\n","protected":false},"excerpt":{"rendered":"

As Tony Thirlwall puts it in The Nature of Economic Growth, there is a fundamental asymmetry bewteen exports and the other components of aggregate demand: […]<\/p>\n","protected":false},"featured_media":8211,"template":"","tags":[],"topic":[],"publications_category":[14],"expert":[15,360],"class_list":["post-1015","publication","type-publication","status-publish","has-post-thumbnail","hentry","publications_category-working-papers","expert-alberto-bagnai","expert-anh-dao-tran"],"acf":[],"yoast_head":"\nWP 2013\/02: Economic growth and BoP constraint in Vietnam – a\/simmetrie<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/asimmetrie.org\/en\/pubblicazioni\/wp-201302-economic-growth-and-bop-constraint-in-vietnam\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WP 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