Vietnam's Potential Output in the Period of 1996-2015, and Estimation for the Period of 2016-2020
December 7, 2015
The Vietnamese Economy in Perspective: An Empirical Analysis, chapter 4, pp. 137-157
The objective of this article is to estimate Vietnam's potential output in the period 1996-2015 and forecast for the period 2016-2020.
Estimation results using production function and statistical data, that was disaggregated by Vietnam Standard Industrial Classification 2007 (VSIC 2007) at 2010 constant price, show that the average growth rate of potential output of Vietnam's economy in the period of 2011-2015 and 2016-2020 is 6.38% v 7.22% respectively.