| Trường DC | Giá trị | Ngôn ngữ |
|---|---|---|
| dc.contributor.author | Le, Trung Ngoc Phat | |
| dc.contributor.other | Nguyen, Kim Hanh | |
| dc.date.accessioned | 2023-11-01T10:23:58Z | - |
| dc.date.available | 2023-11-01T10:23:58Z | - |
| dc.date.issued | 2019 | |
| dc.identifier.isbn | 1933-0020 | |
| dc.identifier.uri | https://dlib.neu.edu.vn/handle/NEU/58663 | - |
| dc.description | international business administration | |
| dc.description.abstract | Purpose – The purpose of this paper is to employ the computable general equilibrium (CGE) approach to examine how the European–Vietnam Free Trade Agreement (EVFTA) impacts on the Vietnamese economy in the case of the removal of industrial tariffs. Design/methodology/approach – The authors construct a social accounting matrix based on the latest data of the Vietnam input-output Table for the year 2012 and then apply the CGE model to simulate the economic scenarios when the tariff rate of the industrial sector reduces to 0 percent. Findings – The first simulation results demonstrate that the elimination of tariffs in the industrial sector will lead to a 9.13 percent increase in household consumption, together with an increase in the factors of production of the agricultural, industrial and service sectors by 9.61, 9.74 and 8.21 percent, respectively. The EVFTA also causes a deficit in the trade balance because the value of imports increases by 12.54 percent, while exports’ value slightly increases by 2.71 percent. Furthermore, there has been a drop of 2.29 percent in the total government income; nevertheless, social welfare witnesses a gain of 9.13 percent. The second scenario simulation draws crucial attention to policymakers that a small fluctuation in the production tax rate will cause a significant change in the economy. Practical implications – The reduction of tariff in the industrial sector will increase the social welfare and strengthen the whole economy regarding the growth of household consumption, factors of production and trade value. On the unfavorable side, the EVFTA causes a national budget deficit and puts pressure on domestic production. This paper is a valuable reference for governments and policymakers when they decide to reduce tariffs or adjust production taxes once Vietnam integrates into the world economy. Originality/value – This study differs from previous research works by utilizing a static CGE model to investigate the impact of removing the industrial tariff on the economy under EVFTA. | |
| dc.description.tableofcontents | 1. Introduction; 2. Literature review and theoretical framework; 3. Theoretical framework; 4. Data and research methodology; 5. Result analysis; 6. Conclusion and discussion | |
| dc.format.extent | Khổ 21 x 29.7 | |
| dc.language.iso | en | |
| dc.publisher | Kinh Tế Quốc Dân | |
| dc.subject | CGE model | |
| dc.subject | Social accounting matrix | |
| dc.subject | IO table | |
| dc.subject | Tariff reduction | |
| dc.title | Impact of removing industrial tariffs under the European – Vietnam free trade agreement | |
| dc.type | Journal of Economics and Development | |
| dc.identifier.barcode | 10-1108_JED-06-2019-0011 | |
| dc.relation.reference | Ahmed, V. and O’ Donoghue, C. (2010), “ Tariff reduction in a small open economy” , Seoul Journal of Economics, Vol. 23 No. 2, pp. 461-489. Ballard, C.L., Fullerton, D., Shoven, J.B. and Whalley, J. (2009), A General Equilibrium Model for Tax Policy Evaluation, University of Chicago Press, Chicago, IL. Cho, S. (2010), “The demise of development in the Doha round negotiations”, Texas International Law Journal, Vol. 45 No. 3, pp. 573-601. CIEM-WIDER (2016), “A 2012 social accounting matrix (SAM) for Vietnam”, Finance Publishing House, United Nation University, IL, available at: www.wider.unu.edu/database/2012-socialaccounting-matrix-viet-nam (accessed January 25, 2019). Cirera, X., Willenbockel, D. and Lakshman, R.W. (2014), “Evidence on the impact of tariff reductions on employment in developing countries: a systematic review”, Journal of Economic Surveys, Vol. 28 No. 3, pp. 449-471. Dasgupta, P. and Mukhopadhyay, K. (2017), “The impact of the TPP on selected ASEAN economies’ ”, Journal of Economic Structures, Vol. 6 No. 1, pp. 1-34. Dinwiddy, C.L. and Teal, F.J. (1988), The Two-Sector General Equilibrium Model: A New Approach, Philip Allan, Deddington and Oxford. Doanh, N.K. and Heo, Y. (2009), “Impacts of trade liberalization commitments on the Vietnamese economy: a CGE approach”, World Economy, Vol. 32 No. 4, pp. 606-628. Dung, N.T. (2009), “ Vietnam integrating with the regional economy a dynamic simulation analysis” , Forum of International Development Studies, Vol. 38 No. 1, pp. 1-22. Duong, N.B. (2016), “Vietnam −EU free trade agreement: impact and policy implications for Vietnam”, SECO Working Paper No. 07/2016, World Trade Institute, IL. Erero, J.L. and Bonga-Bonga, L. (2018), “Effects of reducing tariffs in the democratic republic of Congo (DRC): a CGE analysis”, The Journal of Developing Areas, Vol. 52 No. 3, pp. 55-72. EUROCHAM (2018), “EVFTA Report 2018”, available at: www.eurochamvn.org/node/17661 (accessed January 20, 2018). Fukase, E. and Martin, W. (2016), “The economic potential of an India −US free trade agreement”, Journal of Economic Integration, Vol. 31 No. 4, pp. 774-816. Ganguly, A. and Das, K. (2017), “Multi-sectoral analysis of foreign investment and trade liberalization in India: a CGE modelling approach”, Global Business Review, Vol. 18 No. 5, pp. 1345-1372. General Statistics Office of Vietnam (2015), “Vietnam input-output table for the year 2012”, available at: www.gso.gov.vn/Modules/Doc_Download.aspx?DocID=19562 (accessed January 20, 2018). General Statistics Office of Vietnam (2018), International Merchandise Trade Vietnam, Statistical Publisher, Hanoi. Gossen, H.H. (1854), in Blitz, R.C. (Ed.), The Laws of Human Relations and the Rules of Human Action Derived Therefrom, MIT Press, Cambridge, MA. Hosoe, N., Gasawa, K. and Hashimoto, H. (2015), Textbook of Computable General Equilibrium Modeling: Programming and Simulations, Palgrave Macmillan, Basingstoke, pp. 87-157. Iqbal, Z. and Siddiqui, R. (2001), “Critical review of literature on computable general equilibrium models”, MIMAP Technical Paper Series No. 2001:09, Pakistan Institute of Development Economics, IL. Itakura, K. and Lee, H. (2012), “Welfare changes and sectoral adjustments of Asia-Pacific countries under alternative sequencings of free trade agreements”, Global Journal Economics, Vol. 1 No. 2, pp. 1-22. Jean, S., Mulder, N. and Ramos, M.P. (2014), “A general equilibrium, ex-post evaluation of the EU–Chile free trade agreement”, Economic Modelling, Vol. 41 No. 5, pp. 33-45. Jevons, W.S. (1871), The Theory of Political Economy, Augustus M. Kelley, New York, NY. Khorana, S. and Narayanan, B.G. (2017), “Modelling effects of tariff liberalization on India’s key export sectors: analysis of the EU–India free trade agreement”, Margin: The Journal of Applied Economic Research, Vol. 11 No. 1, pp. 1-22. Leontief, W. (Ed.) (1986), Input-Output Economics, Oxford University Press, Oxford. Lofgren, H., Harris, R.L. and Robinson, S. (2002), “A standard computable general equilibrium (CGE) model in GAMS”, TMD Discussion Papers No. 75, International Food Policy Research Institute (IFPRI), IL. Minh, P.N., Nhieu, N.T., Van Anh, H.T. and Linh, N.K. (2018), “Impacts of new generation of free trade agreements (FTAs) on the development of export-import markets of members − Vietnam case study”, Вьетнамские исследования, Vol. 3 No. 3, pp. 18-31. Mohamed, T. (2016), “A CGE analysis of the economic impact of trade liberalization on the Algerian economy”, European Journal of Sustainable Development, Vol. 5 No. 3, pp. 397-408. Nguyen, D.K.L. and Cao, T.H.V. (2016), “Do free trade agreements generally and individually raise foreign direct investment into Vietnam?”, Foreign Trade University, IL, available at: http://veam. org/wp-content/uploads/2016/08/64.-Cao-Thi-Hong-Vinh.pdf (accessed March 15, 2018). Phan, T. and Jeong, J.Y. (2016), “Potential economic impacts of the Vietnam − Korea free trade agreement on Vietnam”, Journal of East Asian Economic Integration, Vol. 20 No. 1, pp. 67-90. Shaikh, F.M. (2009), “Analysis of bilateral trade liberalization and south Asian free trade agreement (SAFTA) on Pakistan’s economy by using CGE model”, Journal of International Trade Law and Policy, Vol. 8 No. 3, pp. 227-251. Shoven, J.B. and Whalley, J. (1992), Applying General Equilibrium, Cambridge University Press, Cambridge, pp. 103-133. The Ministry of Planning and Investment of Vietnam (2007), “ The Content of Vietnam’ s economic sector systems” , Decision No. 337, available at: https://thuvienphapluat.vn/van-ban/Linh-vuck h a c / Q u y e t - d i n h - 3 3 7 - Q D - B K H - q u y - d i n h - n o i - d u n g -he-thong-nganh-kinh-te-Viet-Nam-66856. aspx (accessed March 15, 2018). Thu, M. and Lee, H. (2015), “Assessing the impact of deeper trade reform in Vietnam using a general equilibrium framework”, Journal of Southeast Asian Economies, Vol. 32 No. 1, pp. 140-162. Todsadee, A., Kameyama, H. and Lutes, P. (2012), “The implications of trade liberalization on TPP countries’ livestock product sector”, Technical Bulletin of Faculty of Agriculture, Kagawa University, Vol. 64 No. 1, pp. 1-6. Truc, N.T.T. (2016), “The impact of production tax on agriculture sector in Vietnam: a computable general equilibrium approach”, Asian Research Journal of Mathematics, Vol. 1 No. 2, pp. 1-13. Vietnam Chamber of Commercial and Industry (2016), “Summarize about Europe-Vietnam free trade agreement”, available at: www.trungtamwto.vn/chuyen-de/vefta (accessed January 15, 2018). Walras, L. (1874), in Jaffé, W. (Ed.), Elements of Pure Economics, Allen and Unwin, London. Winchester, N. (2009), “ ‘Is there a dirty little secret? Non-tariff barriers and the gains from trade”, Journal of Policy Modeling, Vol. 31 No. 6, pp. 819-834. Wing, I.S. (2004), “Computable general equilibrium models and their use in economy-wide policy analysis”, Technical Paper No. 6, Joint Program on the Science and Policy of the Global Change, Cambridge, MA | |
Bộ sưu tập | 02. Tạp chí (Tiếng Anh) | |
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| Trường DC | Giá trị | Ngôn ngữ |
|---|---|---|
| dc.contributor.author | Le, Trung Ngoc Phat | |
| dc.contributor.other | Nguyen, Kim Hanh | |
| dc.date.accessioned | 2023-11-01T10:23:58Z | - |
| dc.date.available | 2023-11-01T10:23:58Z | - |
| dc.date.issued | 2019 | |
| dc.identifier.isbn | 1933-0020 | |
| dc.identifier.uri | https://dlib.neu.edu.vn/handle/NEU/58663 | - |
| dc.description | international business administration | |
| dc.description.abstract | Purpose – The purpose of this paper is to employ the computable general equilibrium (CGE) approach to examine how the European–Vietnam Free Trade Agreement (EVFTA) impacts on the Vietnamese economy in the case of the removal of industrial tariffs. Design/methodology/approach – The authors construct a social accounting matrix based on the latest data of the Vietnam input-output Table for the year 2012 and then apply the CGE model to simulate the economic scenarios when the tariff rate of the industrial sector reduces to 0 percent. Findings – The first simulation results demonstrate that the elimination of tariffs in the industrial sector will lead to a 9.13 percent increase in household consumption, together with an increase in the factors of production of the agricultural, industrial and service sectors by 9.61, 9.74 and 8.21 percent, respectively. The EVFTA also causes a deficit in the trade balance because the value of imports increases by 12.54 percent, while exports’ value slightly increases by 2.71 percent. Furthermore, there has been a drop of 2.29 percent in the total government income; nevertheless, social welfare witnesses a gain of 9.13 percent. The second scenario simulation draws crucial attention to policymakers that a small fluctuation in the production tax rate will cause a significant change in the economy. Practical implications – The reduction of tariff in the industrial sector will increase the social welfare and strengthen the whole economy regarding the growth of household consumption, factors of production and trade value. On the unfavorable side, the EVFTA causes a national budget deficit and puts pressure on domestic production. This paper is a valuable reference for governments and policymakers when they decide to reduce tariffs or adjust production taxes once Vietnam integrates into the world economy. Originality/value – This study differs from previous research works by utilizing a static CGE model to investigate the impact of removing the industrial tariff on the economy under EVFTA. | |
| dc.description.tableofcontents | 1. Introduction; 2. Literature review and theoretical framework; 3. Theoretical framework; 4. Data and research methodology; 5. Result analysis; 6. Conclusion and discussion | |
| dc.format.extent | Khổ 21 x 29.7 | |
| dc.language.iso | en | |
| dc.publisher | Kinh Tế Quốc Dân | |
| dc.subject | CGE model | |
| dc.subject | Social accounting matrix | |
| dc.subject | IO table | |
| dc.subject | Tariff reduction | |
| dc.title | Impact of removing industrial tariffs under the European – Vietnam free trade agreement | |
| dc.type | Journal of Economics and Development | |
| dc.identifier.barcode | 10-1108_JED-06-2019-0011 | |
| dc.relation.reference | Ahmed, V. and O’ Donoghue, C. (2010), “ Tariff reduction in a small open economy” , Seoul Journal of Economics, Vol. 23 No. 2, pp. 461-489. Ballard, C.L., Fullerton, D., Shoven, J.B. and Whalley, J. (2009), A General Equilibrium Model for Tax Policy Evaluation, University of Chicago Press, Chicago, IL. Cho, S. (2010), “The demise of development in the Doha round negotiations”, Texas International Law Journal, Vol. 45 No. 3, pp. 573-601. CIEM-WIDER (2016), “A 2012 social accounting matrix (SAM) for Vietnam”, Finance Publishing House, United Nation University, IL, available at: www.wider.unu.edu/database/2012-socialaccounting-matrix-viet-nam (accessed January 25, 2019). Cirera, X., Willenbockel, D. and Lakshman, R.W. (2014), “Evidence on the impact of tariff reductions on employment in developing countries: a systematic review”, Journal of Economic Surveys, Vol. 28 No. 3, pp. 449-471. Dasgupta, P. and Mukhopadhyay, K. (2017), “The impact of the TPP on selected ASEAN economies’ ”, Journal of Economic Structures, Vol. 6 No. 1, pp. 1-34. Dinwiddy, C.L. and Teal, F.J. (1988), The Two-Sector General Equilibrium Model: A New Approach, Philip Allan, Deddington and Oxford. Doanh, N.K. and Heo, Y. (2009), “Impacts of trade liberalization commitments on the Vietnamese economy: a CGE approach”, World Economy, Vol. 32 No. 4, pp. 606-628. Dung, N.T. (2009), “ Vietnam integrating with the regional economy a dynamic simulation analysis” , Forum of International Development Studies, Vol. 38 No. 1, pp. 1-22. Duong, N.B. (2016), “Vietnam −EU free trade agreement: impact and policy implications for Vietnam”, SECO Working Paper No. 07/2016, World Trade Institute, IL. Erero, J.L. and Bonga-Bonga, L. (2018), “Effects of reducing tariffs in the democratic republic of Congo (DRC): a CGE analysis”, The Journal of Developing Areas, Vol. 52 No. 3, pp. 55-72. EUROCHAM (2018), “EVFTA Report 2018”, available at: www.eurochamvn.org/node/17661 (accessed January 20, 2018). Fukase, E. and Martin, W. (2016), “The economic potential of an India −US free trade agreement”, Journal of Economic Integration, Vol. 31 No. 4, pp. 774-816. Ganguly, A. and Das, K. (2017), “Multi-sectoral analysis of foreign investment and trade liberalization in India: a CGE modelling approach”, Global Business Review, Vol. 18 No. 5, pp. 1345-1372. General Statistics Office of Vietnam (2015), “Vietnam input-output table for the year 2012”, available at: www.gso.gov.vn/Modules/Doc_Download.aspx?DocID=19562 (accessed January 20, 2018). General Statistics Office of Vietnam (2018), International Merchandise Trade Vietnam, Statistical Publisher, Hanoi. Gossen, H.H. (1854), in Blitz, R.C. (Ed.), The Laws of Human Relations and the Rules of Human Action Derived Therefrom, MIT Press, Cambridge, MA. Hosoe, N., Gasawa, K. and Hashimoto, H. (2015), Textbook of Computable General Equilibrium Modeling: Programming and Simulations, Palgrave Macmillan, Basingstoke, pp. 87-157. Iqbal, Z. and Siddiqui, R. (2001), “Critical review of literature on computable general equilibrium models”, MIMAP Technical Paper Series No. 2001:09, Pakistan Institute of Development Economics, IL. Itakura, K. and Lee, H. (2012), “Welfare changes and sectoral adjustments of Asia-Pacific countries under alternative sequencings of free trade agreements”, Global Journal Economics, Vol. 1 No. 2, pp. 1-22. Jean, S., Mulder, N. and Ramos, M.P. (2014), “A general equilibrium, ex-post evaluation of the EU–Chile free trade agreement”, Economic Modelling, Vol. 41 No. 5, pp. 33-45. Jevons, W.S. (1871), The Theory of Political Economy, Augustus M. Kelley, New York, NY. Khorana, S. and Narayanan, B.G. (2017), “Modelling effects of tariff liberalization on India’s key export sectors: analysis of the EU–India free trade agreement”, Margin: The Journal of Applied Economic Research, Vol. 11 No. 1, pp. 1-22. Leontief, W. (Ed.) (1986), Input-Output Economics, Oxford University Press, Oxford. Lofgren, H., Harris, R.L. and Robinson, S. (2002), “A standard computable general equilibrium (CGE) model in GAMS”, TMD Discussion Papers No. 75, International Food Policy Research Institute (IFPRI), IL. Minh, P.N., Nhieu, N.T., Van Anh, H.T. and Linh, N.K. (2018), “Impacts of new generation of free trade agreements (FTAs) on the development of export-import markets of members − Vietnam case study”, Вьетнамские исследования, Vol. 3 No. 3, pp. 18-31. Mohamed, T. (2016), “A CGE analysis of the economic impact of trade liberalization on the Algerian economy”, European Journal of Sustainable Development, Vol. 5 No. 3, pp. 397-408. Nguyen, D.K.L. and Cao, T.H.V. (2016), “Do free trade agreements generally and individually raise foreign direct investment into Vietnam?”, Foreign Trade University, IL, available at: http://veam. org/wp-content/uploads/2016/08/64.-Cao-Thi-Hong-Vinh.pdf (accessed March 15, 2018). Phan, T. and Jeong, J.Y. (2016), “Potential economic impacts of the Vietnam − Korea free trade agreement on Vietnam”, Journal of East Asian Economic Integration, Vol. 20 No. 1, pp. 67-90. Shaikh, F.M. (2009), “Analysis of bilateral trade liberalization and south Asian free trade agreement (SAFTA) on Pakistan’s economy by using CGE model”, Journal of International Trade Law and Policy, Vol. 8 No. 3, pp. 227-251. Shoven, J.B. and Whalley, J. (1992), Applying General Equilibrium, Cambridge University Press, Cambridge, pp. 103-133. The Ministry of Planning and Investment of Vietnam (2007), “ The Content of Vietnam’ s economic sector systems” , Decision No. 337, available at: https://thuvienphapluat.vn/van-ban/Linh-vuck h a c / Q u y e t - d i n h - 3 3 7 - Q D - B K H - q u y - d i n h - n o i - d u n g -he-thong-nganh-kinh-te-Viet-Nam-66856. aspx (accessed March 15, 2018). Thu, M. and Lee, H. (2015), “Assessing the impact of deeper trade reform in Vietnam using a general equilibrium framework”, Journal of Southeast Asian Economies, Vol. 32 No. 1, pp. 140-162. Todsadee, A., Kameyama, H. and Lutes, P. (2012), “The implications of trade liberalization on TPP countries’ livestock product sector”, Technical Bulletin of Faculty of Agriculture, Kagawa University, Vol. 64 No. 1, pp. 1-6. Truc, N.T.T. (2016), “The impact of production tax on agriculture sector in Vietnam: a computable general equilibrium approach”, Asian Research Journal of Mathematics, Vol. 1 No. 2, pp. 1-13. Vietnam Chamber of Commercial and Industry (2016), “Summarize about Europe-Vietnam free trade agreement”, available at: www.trungtamwto.vn/chuyen-de/vefta (accessed January 15, 2018). Walras, L. (1874), in Jaffé, W. (Ed.), Elements of Pure Economics, Allen and Unwin, London. Winchester, N. (2009), “ ‘Is there a dirty little secret? Non-tariff barriers and the gains from trade”, Journal of Policy Modeling, Vol. 31 No. 6, pp. 819-834. Wing, I.S. (2004), “Computable general equilibrium models and their use in economy-wide policy analysis”, Technical Paper No. 6, Joint Program on the Science and Policy of the Global Change, Cambridge, MA | |
Bộ sưu tập | 02. Tạp chí (Tiếng Anh) | |
