Seminars & Events
APL (Ajiken Power Lunch)
Misallocation,
Productivity,
and
Trade
Liberalization:
The
Case
of
Vietnamese
Manufacturing
(with
Doan
Thi
Thanh
Ha)
APL
(Ajiken
Power
Lunch)
is
a
lunchtime
workshop
open
to
public,
including
IDE
staffs,
visiting
research
fellows,
IDEAS
students,
outside
researchers
and
graduate
students.
This
workshop
provides
a
platform
for
presentation
of
any
work
in
progress
where
we
can
discuss
in
either
English
or
Japanese.
Those
who
would
attend
a
seminar
are
asked
to
announce
yourself
to
receptionists
on
your
arrival
at
the
IDE
and
to
obtain
APL
Organizers'
signature
on
your
admission
card
after
the
seminar.
Date&time:
April 15, 2015. (Wednesday) 12：30-14：30
Venue:
Theme:
Misallocation, Productivity, and Trade Liberalization: The Case of Vietnamese Manufacturing (with Doan Thi Thanh Ha)
Abstract
This
paper
attempts
to
measure
the
contribution
of
resource misallocation
to
aggregate
manufacturing
TFP,
focusing
on
Vietnamese
manufacturing
firms
for
the
period
2000-09.
Our
research
questions
are
threefold.
1)
To
what
extent
are
resources
misallocated
in
Vietnam?
2)
How
large
would
the
productivity
gains
have
been
in
the
absence
of
distortions?
3)
Did
the
degree
of
misallocation
decline
after
entry
into
the
World
Trade
Organization
(WTO)?
The
answers
to
these
questions
are
as
follows.
First,
misallocation
in
Vietnam
is
comparable
to
that
in
China
and
India.
Second,
there
would
have
been
substantial
improvement
in
aggregate
TFP
in
the
absence
of
distortions.
Finally,
misallocation
did
not
necessarily
decline
after
the
accession
to
the
WTO.
However,
this
final
result
does
not
necessarily
mean
that
there
are
no
gains
from
trade
liberalization.
Although
trade
liberalization
contributed
to
reducing
the
distortions
in
output
markets,
it
was
offset
by
increasing
distortions
in
capital
markets,
which
are
possibly
attributable
to
the
global
nancial
crisis.
These
results
together
suggest
that
trade
liberalization
is
not
a
panacea.
Further
reforms
in
capital
markets
could
improve
aggregate
TFP
in
Vietnam
through
reduced
misallocation.
Speaker：
Prof. Kozo Kiyota (Keio Economic Observatory, Keio University)
Chair:
Tadashi ITO
Languages:
Japanese
Soukknilanh Keola E-mail：Souknilanh_Keola
Yutaka Arimoto E-mail：Yutaka_Arimoto