JED, Vol. 19, No.2, August 2017, pp. 34-47
An Evaluation of Provincial Macroeconomic Performance in Vietnam
Abstract:The study was targeted at developing a methodology for constructing a macroeconomic
performance index at a provincial level for the first time in Vietnam based on 4 groups of
measurements: (i) Economic indicators; (ii) oriented economic indicators; (iii) socio-economic
indicators; and (iv) economic - social – institutional indicators. Applying the methodology to the
2011 - 2015 empirical data of all provinces in Vietnam, the research shows that the socio-economic
development strategy implemented by those provinces did not provide balanced outcomes
between growth and social objectives, sustainability and inclusiveness. Many provinces focused
on economic growth at the cost of structural change, equality and institutional transformation.
In contrast, many provinces were successful in improving equality but not growth. Those facts
threaten the long-term development objectives of the provinces.
Keywords:Macroeconomic performance; ISEPI model; Slack Based Model (SBM); input/ output Slack