analyzing the impacts of public investment on economic growth and private investment in Viet Nam
- 주제(키워드) public investment
- 발행기관 Ajou university
- 지도교수 Kyu Sang Lee
- 발행년도 2010
- 제출일 2010-4-21
- 학위수여년월 2010. 8
- 학위명 석사
- 학과 국제대학원 국제경영학과
- 실제URI http://www.dcollection.net/handler/ajou/000000010829
- 본문언어 영어
- 저작권 아주대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
ABSTRACT This paper examined the analyzing the impact of public investment on economic growth and private investment in Vietnam. This study have provided quantitative investigation of the impact of types of public investment on economic growth and private investment. Detected results seem to be surprising and different from those of other researches and studies on this topic. In terms of contribution to GDP growth, public investment has shown crowding-in effect. In terms of contribution to private investment attraction, public investment has positive effect. The clearest evidence is that Public investment has positive impact on private investment. Keywords: public investment, private investment, economic growth, GDP growth, crowding in effect, crowding out effect, public investment programme.
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TABLE OF CONTENTS
CONTENTS PAGE NO
Abstract ii
Acknowledgment iii
Table of Contents iv
List of Figures vi
List of Tables vii
Abbreviations viii
CHAPTER I
INTRODUCTION
1.1 Background and Relevance of the thesis 1
1.2 Focus and Scope of the thesis 2
1.3 Research questions 2
1.4 Methodology of the thesis 2
1.5 Data sources and limitations 3
1.5.1. Data sources……………………………………………………………………...3
1.5.2. Limitations……………………………………………………………………….3
1.6. Structure of the thesis……………………………………………………………....3
CHAPTER II
THEORETICAL FRAMEWORK
2.1 Investment in economic growth models 5
2.1.1 Exogenous growth theories……………………………………………………….5
2.1.2 Endogenous growth theories……………………………………………………...7
2.1.3 Remarks……………………………………………………………………………9
2.2 Public investment in an economy 10
2.2.1 Crowding in effect 12
2.2.2 Crowding out effect 14
2.2.3 Remarks…………………………………………………………………………17
CHAPTER III
PUBLIC INVESTMENT IN THE LINKAGE WITH ECONOMIC GROWTH AND PRIVATE INVESTMENT IN VIET NAM
3.1 Overall assessment on socio- economic situation over the past years 18
3.1.1 Achievements……………………………………………………………………19
3.1.2 Weaknesses……………………………………………………………………...20
3.2 Public investment programme (PIP) 21
3.2.1 Development Process of PIP…………………………………………………….22
3.2.2 The impacts of PIP……………………………………………………………. 23
3.3 Socio-economic situation in the linkage with public investment…………………24
3.3.1 Public investment as a whole…………………………………………...............24
3.3.2 Mobilization and Utilization of Public investment……………………………...28
3.3.3 Evaluation on effect of public investment………………………………………31
CHAPTER IV
ECONOMETRIC INVESTIGATION OF THE IMPACT OF PUBLIC
INVESTMENT ON ECONOMIC GROWTH AND PRIVATE INVESTMENT
4.1. Sources and features of data 37
4.1.1 Sources of data…………………………………………………………………..37
4.1.2 Features of data………………………………………………………………… 37
4.2 Model specification 37
4.3 Empirical results and interpretation 39
CHAPTER V
CONCLUSIONS AND RECOMMENDATIONS
5.1 Conclusions 41
5.2 Recommendations 41
5.2.1 Public expenditure policies…………………………………………………….. 41
5.2.2 Budget reallocation……………………………………………………………...41
5.2.3 Public investment sources reallocation………………………………………… 42
5.2.4 State owned enterprises reform………………………………………………….42
5.2.5 Reform in legal framework and public administration………………………….43
5.2.6 Policies for mobilizing resources from other sources…………………………...43
5.2.7 Institutional policies……………………………………………………………..43
REFERENCES…………………………………………………………………...…..45
APPENDIX ……….……….……………………..……...……………………………48
