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On Vietnams sustainable economic growth through the lens of total factor productivity
Date Issued:
2022
Author(s):
Le, Van Dao
FSPPM
Abstract:
This article follows the discussion on sustainable economic momentum given the importance of total factor productivity (TFP) growth in the Vietnamese context. The study uses the Stochastic Frontier Analysis-Färe-Primont (SFA-FP) index to measure total factor productivity (TFP), and its five components constitute two parts: sustainable component TFP (SCTFP), which reflects the internal capacity of a country, and another (i.e., technical efficiency, statistic noise, and environmental efficiency) representing external factor that cannot or are difficult to control (e.g., weather/natural shock and long-run technology factors).