2024-03-28T19:03:47Z
https://nagoya.repo.nii.ac.jp/oai
oai:nagoya.repo.nii.ac.jp:00004777
2023-01-27T05:16:21Z
608:609:610:633
Trade Reforms in Vietnam : A Computable General Equilibrium Analysis
Nguyen, Tien Dung
87291
2002-03
Vietnam’s integration with the global economy has accelerated in recent years. Vietnam became a member of ASEAN in 1995, joined APEC in 1998, and has applied for membership in the WTO. Various commitments to trade liberalization have been made under bilateral and multilateral trade agreements and will be carried out in coming years. The ongoing trade reforms will significantly change Vietnam’s highly protective trade regimes and bring about profound implications on the economy. In this paper, we have used a computable general equilibrium(CGE)model to assess the impacts of unilateral trade liberalization at both macro and sectoral levels and examine the role of complementary policies. The simulation results have indicated that tariff reductions cause a decline in GDP, but the overall output loss is small. Capital producing industries and public services suffer considerable losses, while export-oriented industries experience a significant expansion. Sustaining the fiscal revenue mitigate the negative effects of tariff cuts on public services and reduce the output loss. Currency devaluation appears to have a strong impact on exports, imports and the trade balance.
departmental bulletin paper
Graduate School of International Development. Nagoya University
2002-03
国際開発研究フォーラム
21
189
216
Forum of International Development Studies
2189-9126
1341-3732
eng
http://www.gsid.nagoya-u.ac.jp/bpub/research/public/forum/21/09.pdf