Tam vu

• University of Hawaiʻi at Mānoa

This paper uses econometrics models to estimate factors affecting the offshore fishing households’ incomes in the Southern Central Coast of Vietnam. We estimate two basic models: one with total income as the dependent variable and the other with per capita income as the dependent variable. Since heteroscedasticity is in present, the study employs O...

This research investigated the relationship between cyclone activity and tourism in the Northeast Asian and Southeast Asian regions. A dataset on the damage impact of cyclones was constructed based on the Tropical Cyclone Best Track tables and the Annual Tropical Cyclone Reports provided by the United States National Climatic Data Center for the pe...

This paper examines the effects of vocational education on per capita income and employment in the U.S. A panel dataset on the number of graduates from community colleges as a proxy for vocational education for fifty states and Washington D.C. during 2002-2010 is used. The method of three stage least squares was employed. The results show that voca...

This paper investigated the impacts of cyclones and deforestation which often cause heavy floods during and after the cyclones on production of the three groups of food crops in Vietnam ―cereals, tuber crops, and other crops. Collecting provincial data on the number and intensity of the cyclones that landed in Vietnam, we employed a combination of...

We investigate the consequences of natural disasters on operating firms in Vietnam, and find evidence of adverse effects of disasters on retail sales accompanied by increases in firm investment of very similar magnitude. There are important spatial differences, with the post-disaster increase in investment unique to the largest cities and provinces...

We examine the effects of natural disasters on income and investment in China. Using macroeconomic province-level data and the provincial history of disaster exposure over the past two decades, we describe the relationship between disaster mortality and morbidity, disasters’ economic damages, government investment and regional economic activity, an...

This paper shows that the effect of vocational education on economic growth appears to be greater than that of university education. Additionally, the reversed effect of economic growth on vocational education seems to be stronger than on university education.

This paper examines the effects of the New Cooperative Medical System in China. Data on village clinics, local hospitals, private medical expenditures, and government and social medical expenditures are collected from the National Bureau of Statistics of China. Preliminary tests are performed on multicolinearity, endogeneity, omitted variables and...

Setup cost for extracting a publically owned nonrenewable resource may be recovered by charging a fee for each unit of the resource extracted. This paper derives the exact analytical expression of the optimal recovery fee.

This paper investigates the different impacts of vocational schools and universities on regional development in China. To account for a possible two-way causality between education and economic development, a system of supply and demand equations is introduced. The results show that vocational education has higher impact on regional development tha...

In this paper we introduce and empirically demonstrate a new model of economic development that we call Portfolio Economic Development. Our approach borrows from portfolio theory in finance and focuses on the risk-return nature of development projects. The paper examines how the loss of a dominant industry group from an island economy causes signif...

Although the subject of subregional cooperation has been discussed elsewhere in many books, this is the first collection of several papers that focuses mostly on this issue. Among its eight chapters, six are devoted to subregional cooperation, leaving only the last two chapters to ASEAN-China relations as a whole. This is unique, as China-ASEAN sub...

Urban-rural inequality exists in all developing countries. However, this problem is the most acute in China due to the hu kou — literally household mouths — registration system. This system originated from the traditional Chinese custom of counting family members based on the number of mouths that need to be fed. As such, the system requires that a...

In econometrics, the derivation of a theoretical model leads sometimes to two econometric models, which can be considered justified based on their respective approximation approaches. Hence, the decision of choosing one between the two hinges on applied econometric tools. In this paper, the authors develop a theoretical econometrics consumer maximi...

We examine the impact of natural disasters on annual output growth in Vietnam. Using provincial data for primary and secondary industries, we employ the Blundell–Bond General Method of Moments procedure to estimate the impact of disasters on the macroeconomy. We show that more lethal disasters result in lower output growth but that disasters that d...

This paper investigates the consequences of natural disasters on annual output and output growth over the period 1995 to 2007 in China. Using data on gross regional product values, we follow the Blundell-Bond System GMM procedure to control for the presence of lagged dependent variables. The results show that the impact of number of people killed o...

Empirical studies on foreign direct investment (FDI) and growth in developed countries have yielded conflicting results using cross-country regressions. We use sectoral data for a group of six country members of the OECD. Our paper is the first to identify the sector-specific impact of FDI on growth in the developed countries. Our results show that...

Foregin Direct Investment's (FDI's) contribution to growth has been a controversial topic in economic literature and appears to be country specific. In this article, we use time-varying coefficients in an augmented production function and let FDI indirectly affect Gross domestic product growth through labour productivity. This approach creates buil...

We estimate the impact of FDI on growth using sectoral data for FDI inflows to China and Vietnam. Previous empirical studies, using either cross-country growth regressions or firm-level micro-econometric analysis, fail to reach a consensus. Our paper is the first to use sectoral FDI inflow data to evaluate the sector-specific impact of FDI on growt...

A considerable amount of research has focused on herding behavior vis-à-vis international capital, either by focusing on theory or by applying simple statistical analyses, but most studies have ignored factors that trigger international capital inflows. In essence, any connection between theory and empirical evidence has not been validated. In this...

Empirical studies on FDI and growth in developed countries have yielded conflicting results using cross-country regressions. We use sectoral data for a group of six country members of the Organization for Economic Cooperation and Development. Our paper is the first to identify the sector-specific impact of FDI on growth in the developed countries....

Consumer durables expenditures are normally assumed to be of linear form with additive error term. Hansen and Singleton (1983) derive the log linear form for consumption, but they do not employ a depreciation rate. In this article, we use a multiplicative error term to obtain a log linear AR(1) with a unit root as an approximate process that drives...

We examine the impact of capital account policies on FDI inflows. Using an annual panel dataset of 83 developing and developed countries for 1984-2000, we find that capital account openness is positively but only very moderately associated with the amount of FDI inflows after controlling for other macroeconomic and institutional measures. To a larg...

Mankiw (1982) shows that consumer durables expenditures should follow a linear ARMA(1,1) process, but the data analyzed supports an AR(1) process instead; thus, a puzzle. In this paper, we employ a more general utility function than Mankiw's quadratic one. Further, the disturbance and depreciation rate are respecified, respectively, as multiplicati...

Most exhaustible resource sites (e.g., mines, landfills) and their users (e.g., cities) are spatially distributed. Gaudet, Moreaux, and Salant (2001) show that in the presence of setup costs, social efficiency may require that a site that is partially drawn down be abandoned by every user temporarily before some user returns to it. This result viol...

Eigenvalues and the characteristic equations are important concepts and have many useful applications in econometrics. Hence, knowing that two matrix have identical sets of eigenvalues saves a great deal of time in finding one when the other is known. In this paper, we develop a three-part problem concerning this aspect. The first part shows that,...

Since Malaysia imposed controls on capital outflows during the 1997-1998 financial crisis, the debate on capital controls has carried on. This begs the question of what Vietnam should learn from her neighbor's experience. In this paper, two arguments supporting capital controls for Vietnam are presented. The arguments can be applied for any country...