Tuesday 18 October 2022

Changes in Economic Structure due to the Relationship between Domestic Final Demand and Production, Value Added, and Import | Chapter 3 | Current Aspects in Business, Economics and Finance Vol.5

 Annual GDP growth equaled 7.5 between 2000 and 2006, with affectation swimming around 5. Vietnam's macroeconomic policy shifted to added up demand operation from 2007 to 2012. The Keynes- Leontief relationship was used in this study to estimate the goods of some demand side factors on product, value added, and import. The study's main findings indicated that demand- side operation is no longer applicable because the force wind gradationally approaches the vertical axis, so any intervention on the demand side doesn't increase product, but only raises prices and creates a large trade deficiency. This study was grounded on Vietnam I/ O table 2000 and 2010 to dissect the change in the structure of the convinced impacts for 2 ages. The 2000 I/ O table represented for the 2000- 2005 period and the 2010 I/ O table represented for the 2006- 2010 period that used 2000 as the base time. typically, the time which collecting the input- affair table should be standard time in order to calculate constant price, But Vietnam General Statistics Office always choose introductory time arbitrary which doesn't grounded on any principles. Vietnam GSO used the time of 1994 and 2010 as introductory time but only for GDP, they did n’t make for affair. But they've product price indicator( PPI) for every time. So, that's why this exploration has to move the input- affair table, the time of 2010 follows to price the time of 2000( the RAS system used for balancing gross input and gross affair vectors). analogous to price of introductory time, the bracket of input- affair of times aren't compatible, so we've to aggregate two I/ O tables follow 15 sectors.


Author(s) Details:

Bui Trinh,
FPT School of Business and Technology, FPT University, Vietnam.

Nguyen Viet Phong,
General Statistics Office of Vietnam, Vietnam.

Please see the link here: https://stm.bookpi.org/CABEF-V5/article/view/8450

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