Roland-Holst, David and Tarp, Finn (2003): Globalization, Economic Reform, and Structural Price Transmission: SAM Decomposition Techniques with an empirical application to Vietnam. Published in:
Download (87kB) | Preview
Globalization poses special challenges for economies in transition, particularly those which have been slow to reform systems of administered prices. Such allocation mechanisms now encounter significant friction from external market forces, and it is vital for policymakers to better anticipate the incidence of external price transmission. In this paper, we propose a novel variation of multiplier decomposition methods; make use of an up-to-date social accounting matrix (SAM) for Vietnam; and demonstrate how this kind of information can help identify adverse incentive and wealth effects that might undermine reform and structural adjustments efforts in this important emerging Asian economy.
|Item Type:||MPRA Paper|
|Original Title:||Globalization, Economic Reform, and Structural Price Transmission: SAM Decomposition Techniques with an empirical application to Vietnam|
|Keywords:||Price transmission, SAMs, multiplier decomposition, Vietnam|
|Subjects:||C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C69 - Other
P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P20 - General
O - Economic Development, Innovation, Technological Change, and Growth > O2 - Development Planning and Policy > O21 - Planning Models ; Planning Policy
|Depositing User:||Finn Tarp|
|Date Deposited:||09. Mar 2011 16:00|
|Last Modified:||09. Mar 2015 06:42|
Adelman, I. and Robinson, S. (1978). Income Distribution Policy in Developing Countries: A Case Study of Korea, Stanford, CA: Stanford University Press. Defourny, J. and Thorbecke, E. (1984). ‘Structural Path Analysis and Multiplier Decomposition within a Social Accounting Matrix’, Economic Journal, vol. 94, pp. 111-136. Pyatt, G. (1988). ‘A SAM Approach to Modeling’. Journal of Policy Modeling, vol. 10, pp. 327-352. Pyatt, G. and Roe, J. (1977). Social Accounting for Development Planning. Cambridge University Press. Pyatt, G. and Round, J. (1979). ‘Accounting and Fixed Price Multipliers in a Social Accounting Matrix’. Economic Journal, vol. 89, pp. 850-873. Pyatt, G. and Round, J. (eds.) (1985). Social Accounting Matrices : A Basis for Planning (eds). Washington, DC: The World Bank. Robinson, S. and Roland-Holst, D. (1988). ‘Macroeconomic Structure and Computable General Equilibrium Models’. Journal of Policy Modeling, vol. 10, pp. 353-75. Roland-Holst, D. and Sancho, F. (1992). ‘Relative Income Determination in the United States: A Social Accounting Perspective’. Review of Income and Wealth, vol. 38, pp. 311-27. Round, Jeffrey I. (1985). ‘Decomposing Multipliers for Economic Systems Involving Regional and World Trade’. Economic Journal, vol. 95, pp. 383-99. Whalley, J. and St. Hillaire, F. (1983). ‘A Microconsistent Equilibrium Data Set for Canada for Use in Tax Policy Analysis’. Review of Income and Wealth, vol. 29, pp. 175-204. Whalley, J. and St. Hillaire, F. (1987). ‘A Microconsistent Data Set for Canada for Use in Regional General Equilibrium Policy Analysis’. Review of Income and Wealth, vol. 33, pp. 327-343. Stone, R. (1981). Aspects of Economic and Social Modelling. Geneva: Librairie Droz. Tarp, F., , Roland-Holst, D., Rand, J. and Jensen, H. T. (2002). ‘A 2000 Social Accounting Matrix for Vietnam’, CIEM, Hanoi.