Economic development in middle income countries: evidence from Vietnam

Pham Hong, Trang

Pham Hong, T. Economic Development in Middle Income Countries: Evidence from Vietnam. Bachelor thesis. Mendel University in Brno, 2020. This bachelor thesis study focuses on economic development in middle-income countries with evidence from Vietnam. This thesis aims to identify the factors which will allow the transition of Vietnam from lower-middle-income country to upper-middle-income country. From the provided structure and background of the Vietnam economy, the methodology using the time-series data in the period be-tween 1995 till 2018 was employed. The chosen method for the study is ordinary least square (OLS) and Gretl (2020a) as the tool to analysis the numerical data from The World bank, World Development Indicators database. The data analysis performed for Vietnam was then compares with partial analysis of three other countries in Asia: Thailand, China and Malaysia, which underwent the transition from lower-middle-income to upper-middle-income in the last thirty years. The results from the research presented two crucial factors that contribute positively to economic development in Vietnam. These crucial factors include government consumption expenditure and technological progress. From there an open discussion on the topic of possibilities for Vietnam to prevent falling into the middle-income trap followed.

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