Why the Economy of Ho Chi Minh City is Important to the Vietnamese Economy? A study Based on Inter-Regional Relations

Author(s)

Bui Trinh , Nguyen Viet Phong ,

Download Full PDF Pages: 28-38 | Views: 209 | Downloads: 62 | DOI: 10.5281/zenodo.7867052

Volume 12 - April 2023 (04)

Abstract

This study is based on the concept of inter-regional analysis to describe the internal structure of the industry and interdisciplinary as well as the internal structure of the region and the inter-region of Ho Chi Minh City (HCMC) for the rest of Vietnam (ROV). Theoretically for a country, there are often industries that are of relative importance higher than more compared to other sectors in the economy through the power of dispersion and sensitivity of dispersion indexes. The concept of interregional analysis was concretized by Isard (1951) and concretized by Harry W. Richardson (1973) and Miyazawa, K. (1976) and it is considered as an important tool in research regional economic research. Similar to industry, a region or province has its own importance (by industry specific) and a certain region may have more pervasive importance to the national economy than other regions/provinces.This study is based on the inter-regional input - output table of Vietnam between HCMC and ROV, 2012 and 2016 with 55 sectors (Appendix 1)

Keywords

HCMC, final demand, final products, input – output, interregional, multiplier, Vietnam

References

i. Allen, G, P.G. McGregor, J.K. Swales, and K Turner (2004) “Construction of a Multi-Sectoral Inter-Regional IO and SAM Database for the UK.” STRATHCLYDE Discussion Paper in Economics No. 04-22, Department of Economics, University of Strathclyde, Glasgow.

ii.  Brian Wixted, Norihiko Yamano, and Colin Webb (2006), “Input-Output Analysis in an Increasingly Globalised World: Applications of OECD’s Harmonised International Tables”, OECD STI Working Papers 2006/7, OECD, Paris.

iii.  Bui Trinh, Francisco T. Secretario, Kim Kwangmun, Le Ha Thanh, and Pham Huong Giang (2000) “Economic-Environmental Impact Analysis Based on a Bi-region Interregional I-O Model for Vietnam.” Working Paper.

iv. Escobedo, Fernando and Jose M. Urena (2006), “The Influence of Transport Links on Disaggregation and Regionalization Methods in Interregional Input-Output Models between Metropolitan and Remote Areas.” Paper Presented in the International Conference on Mathematical and Statistical Modeling in Honor or Enrique Castillo. June 28-30.

v.      Harris, T.R., T. Darden, G.W. Borden, and R.R. Fletcher (1998), “Social Accounting Interregional Model for Lincoln County.” Technical Report UCED 98/99-01, University of Nevada, Reno.

vi.    Hawaii Department of Business, Economic Development and Tourism (DBEDT), (2018) The 2012 State Input-Output Study for Hawaii.

vii.  Hawaii Department of Business, Economic Development and Tourism (DBEDT) (2022), The Hawaii Inter County Input-Output Study: 2017 Benchmark Report.

viii.Holland, D. (1991) “A Methodology for Determining Trade Flows Between Two Regions.” Departmental Publication, Department of Agricultural Economics, Washington State University.

ix.    Isard Walter, (1951) “Interregional and Regional Input-Output Analysis: A Model of a Space Economy,” Review of Economics and Statistics, Vol. 33, No. 4, 1951: 318-328.

x.      Isard Walter, Merton J. Peck (1954) “Location Theory and International and Interregional Trade Theory”  The Quarterly Journal of Economics, Volume 68, Issue 1, Pages 97–114

xi.    Leontief W (1941), “The Structure of American Economy, 1919-1929:” Cambridge: Harvard University Press.

xii.  Michael Sonis and Geoffrey Hewings, (1998) “Economic complexity as network complication: Multiregional input-output structural path analysis” The Annals of Regional Science, vol. 32, issue 3, 407-436

xiii.Miller, R.E., and P.D. Blair, (1985) Input-Output Analysis: Foundations and Extensions, Englewood Cliffs, New Jersey: Prentice Hall.

xiv.Miyazawa. K (1966) “internal and external multipliers in the input-output model” Hitotshubashi journal of economics, 7, pp 38-55.

xv.  Patrick, C. and Z. Wang, (2007) “A Flexible Mathematical Programming Model to Estimate Interregional Input-Output Accounts.” Forthcoming in Journal of Regional Sciences, August, 2007.

xvi.Rey, Sergio J. (1999) “Integrated Regional Econometric and Input-Output Modeling.” Department of Geography, San Diego State University.

xvii. Richardson Harry W (1973), “Regional Growth Theory” London, Macmillan, viii, 264 p. 23 cm. 

xviii. Robison, M.H. (1997) “Community Input-Output Models for Rural Area Analysis with an Example from Central Idaho.” The Annuals of Regional Studies 31(1997): 325-351.

xix.Robison, M.H. and M.L. Lahr. (1993) “A Guide to Sub-County Regional Input-Output Modeling.” Presented Paper at the 40th Meeting of the Regional Science Association International, Houston, Texas, November 1993.

xx.  Okuyama, Yasuhide., Geoffrey J.D. Hewings, and Michael Sonis, (1999) “Economic Impacts of an Unscheduled, Disruptive Event: A Miyazawa Multiplier Analysis”, in Geoffrey J.D. Hewings, Michael Sonis, Moss Madden, and Yoshio Kimura (eds.) Understanding and Interpreting Economic Structure, Springer-Verlag: 113-144.

xxi.Okuyama, Yasuhide., Geoffrey J.D. Hewings, and Michael Sonis, (2002) “Measuring Economic Impacts of Natural Disasters: Application of Sequential Interindustry Model.” Regional Research Institute, West Virginia University Working Paper.

xxii. Trinh Bui, Nguyen Viet Phong, (2013) “ECONOMIC-ENVIRONMENTAL IMPACT ANALYSIS BASED ON THE CHANGES OF ECONOMIC STRUCTURES OF HOCHIMINH CITY (HCMC) AND THE REST OF VIETNAM (ROV)” CASE STUDIES JOURNAL VOL-2-ISSUE 3.

xxiii. Trinh,   B.  (2017). “Interregional Structure         Analysis          Based  On       Three   Regions            Of        Vietnam” .       Advances        in         Social  Sciences Research Journal, 4(7) 38-44.

xxiv. Walter IsardMerton J. Peck (1954) “Location Theory and International and Interregional Trade Theory”  The Quarterly Journal of Economics, Volume 68, Issue 1, Pages 97–114.

xxv. Zhang, Jie (2007) “Regional Tourism Satellite Accounts for Denmark: Accounting and Modeling.” Paper for presentation at 15th International Input-Output Conference, Beijing, China, 27 June – 1 July 2007.

xxvi.  hochiminhcity.gov.vn

xxvii.https://thuvienphapluat.vn/van-ban/Bo-may-hanh-chinh/Nghi-quyet-38-NQ-CP-2023-xay-dung-Nghi-quyet-thi-diem-chinh-sach-dac-thu-phat-trien-Ho-Chi-Minh-560155.aspx

Cite this Article: