DEVELOPMENT ECONOMICS

Session 1: Development Economics

Session 2: Governance, Institutions and Policy Making

Session 3: Financial Crisis and Pandemics

Session 4: Agriculture, Climate Change and Natural Disasters

Session 5: Entrepreneurship and Economic Development

Session 6: Innovation, Technology, Growth, Inequality and Poverty

Session 7: Investment in Development Infrastructure, Health, Education

Session 8: Circular Economy, Inclusive and Sustainable Development

Session 9: Artificial Intelligence and Economic Development and Growth

Session 10: Sum up, discussion of the course coverage, learning outcome and examination .

The final grade assessment will be based on the following allocation:
• Group or Individual Assignment: 50%
• Final Written Exam: 50%
The Group or Individual Assignment is a replication exercise using Vietnamese data. I will prepare a list of topics that you can choose from. Students are divided into groups each with 1-2 students. We cover the current research priority topics in this Development Issues and Business Cycle course. Each person or group will be able to choose a topic of their choice from the list below and prepare an essay of 3,000-4,000 single authored or 4,000-6,000 words coauthored including tables and references. An example of essay template will be the key paper that the students replicate. The essay will be a modified and updated replication of results in key papers in the field but using recent data and literature from Vietnam.
Upon request, we may organize a meeting(s) in the classroom or virtually to settle the data, its management, modeling, and estimation to make sure that the candidates progress in their research. The aim is that all essays will be of sufficient high research quality to be considered for presentation in economic conferences. The essay preparation approach will provide training and knowledge to the students to later use it in the selection of their MSc thesis topic, data sources and selection, data management, modeling, estimation, and analysis of results. Thus, the skill will be useful in completing the thesis work, as well as gaining skills in conducting research for future higher studies and employment.

Session 1

• Patel, Dev, Justin Sandefur, and Arvind Subramanian (2021). The New Era of Unconditional convergence. Journal of Development Economics, 152: 102687.
• Nunn, Nathan (2019). Rethinking Economic Development. Canadian Journal of Economics, 52: 1349-1373.
• Spolaore, Enrico, and Romain Wacziarg (2013). How Deep Are the Roots of Economic Development? Journal of Economic Literature, 51(2): 325-369.

Session 2

• Acemoglu, D., Johnson, S., & Robinson, J. A. (2001). The colonial origins of comparative development: An empirical investigation. American Economic Review, 91(5), 1369-1401.
• Shleifer, A., & Vishny, R. W. (1993). Corruption. The Quarterly Journal of Economics, 108(3),599-617.
• Mauro, P. (1995). Corruption and growth. The Quarterly Journal of Economics, 110(3), 681-712.
• Besley, T., & Ghatak, M. (2010). Property rights and economic development. In Handbook of Development Economics (Vol. 5, pp. 4525-4595). Elsevier.
• Sachs, J. D. (2001). “Tropical Underdevelopment,” NBER Working Paper No. 8119.
• Alesina, A. and Giullano, P. (2015). Culture and Institutions. Journal of Economic Literature, 53(4), 895-944.

Session 3

• Baron, M., Verner, E., & Xiong, W. (2021). Banking crises without panics. The Quarterly Journal of Economics, 136(1), 51-113.
• Lastunen, J. and Richiardi, M. (2023). Forecasting recovery from COVID-19 using financial data: An application to Vietnam, World Development Perspectives, 30, 100503.
• Jiang, L., Levine, R., & Lin, C. (2019). Competition and bank liquidity creation. Journal of Financial and Quantitative Analysis, 54(2), 513-538.
• Cai, L. and Le, T. (2023). Natural resources and financial development: Role of corporate social responsibility on green economic growth in Vietnam. Resources Policy, 81, 103279.

Session 4

• Ho, H. A. (2021). Land tenure and economic development: Evidence from Vietnam. World Development, 140, 105275.
• Do, M.H., Nguyen, T.T. and Grote, U. (2023). Land consolidation, rice production, and agricultural transformation: Evidence from household panel data for Vietnam. Economic Analysis and Policy, 77, 157-173.
• Le, T., N. T. (2020). Floods and Household Welfare: Evidence from Southeast Asia. Economics of Disasters and Climate Change, 4(1), 145-170.
• Vo, T. A. N., & Tran, T. K. (2022). Climate change and rural vulnerability in Vietnam: An analysis of livelihood vulnerability index. Human and Ecological Risk Assessment: An International Journal, 28(3-4), 326-353.
• Tran, P.T., et al. (2022). Climate change and livelihood vulnerability of the rice farmers in the North-Central region of Vietnam. Environmental Challenges, 7, 100460.

Session 5

• Méndez-Picazo, M. T., Galindo-Martín, M. Á., & Ribeiro-Soriano, D. (2012). Governance, entrepreneurship and economic growth. Entrepreneurship & Regional Development, 24(9-10), 865-877.
• Naudé, W. (2010). Entrepreneurship, developing countries, and development economics: new approaches and insights. Small Business Economics, 34(1), 1-12.
• Raven, P., & Le, Q. V. (2015). Teaching business skills to women: Impact of business training on women’s microenterprise owners in Vietnam. International Journal of Entrepreneurial Behavior & Research, 21(4), 622-641.
• Nguyen, T.L. (2023). Entrepreneurial Orientation Affecting the Performance of Women-Owned SMEs: Evidence from Vietnam. Journal of Asian Finance, Economics and Business, 10(1), 0223–0232.
• Huis, M., Lensink, R. and Hansen, N. (2019). Impacts of the gender and entrepreneurship together ahead (get ahead) training on improvement of female microfinance borrowers in northern Vietnam. World Development, 120, 66-61.

Session 6

• Heshmati, A. and Rashidghalam, M. (2020). Estimation of technological change andvTFP growth based on observable technology shifters. Journal of Productivity Analysis, 53, 21-36.
•  Lööf, H. and Heshmati, A. (2006). On the relationship between innovation and performance: a sensitivity analysis. Economics of Innovation and New Technology, 15(4-5), 317-344.
• Tran, Quang Van, Sabina Alkire and Stephan Klasen (2015). Static and dynamic disparities between monetary and multidimensional poverty measurement: evidence from Vietnam. Research on Economic Inequality, 23, 249-281.
• Nguyen, C. V., & Pham, N. M. (2018). Economic growth, inequality, and poverty in Vietnam. Asian‐Pacific Economic Literature, 32(1), 45-58.
• Nguyen, T.T, et al. (2019). Energy transition, poverty and inequality in Vietnam. Energy Policy, 132, 536-548.
• Britz, W., et al. (2022). Assessing inequality and poverty in long-term growth projections. Economic Modelling, 117, 106066.

Session 7

• Heshmati, A. and Rashidghalam, M. (2020). Measurement and analysis of urban infrastructure and its effects on urbanization in China. Journal of Infrastructure Systems,
• Kadyraliev, A. et al. (2022). Investment in transport infrastructure as a factor of stimulation of economic development. Transportation Research Procedia, 63,1359 1369.
• Nichake, M.A. and Shuaibu, M. (2022). Investment in ICT infrastructure and inclusive growth in Africa. Scientific African, 17, e01293.
• McGuinness, S. et al. (2021). Returns to education in Vietnam: A changing landscape.World Development, 138, 105205.
• Dao, B. (2020). Education and Economic Growth in Vietnam. Journal of Education and Practice, 11(6).
• Hanushek, E. A. (2016). Will more higher education improve economic growth? Oxford Review of Economic Policy, 32(4), 538-552.
• Bloom, D.E., Kuhn, M. and Prettner, K. (2019). Health and Economic Growth. IZA Working Paper IZA DP No. 11939, and Oxford University Press.

Session 8

• Yuan Z. et al. (2006). The Circular Economy – A New Development Strategy in China, Industrial Ecology in Asia, 10(1-2), 4-8.
• Geng Y. and B. Doberstein (2010). Developing the circular economy in China: Challenges and opportunities for achieving ‘leapfrog development’, International Journal of Sustainable Development & World Ecology, 15, 231-239.
•  Li H. et al. (2010). Energy conservation and circular economy in China’s process industries, Energy, 35, 4273–4281.
• Geng Y. et al. (2012). Towards a national circular economy indicator system in China: an evaluation and critical analysis, Journal of Cleaner Production, 23(1), 216-224.
• Su B., A. Heshmati, Y. Geng and X. Yu (2013). A Review of the Circular Economy in China: Moving from Rhetoric to Implementation, Journal of Cleaner Production, 42, 215-227.
• Heshmati, A. (2017). A Review of the circular Economy and its Implementation. International Journal of Green Economics, 11(3/4), 251-288.
• Kirchherr, J., et al. (2018). Barriers to the Circular Economy: Evidence from the European Union (EU), Ecological Economics, 150, 264–272.
• Garcia-Barragan, J.F., et al. (2019). Defining and Measuring the Circular Economy: A Mathematical Approach, Ecological Economics, 157, 369–372.
• Saidani, M., et al. (2019). A Taxonomy of Circular Economy Indicators, Journal of Cleaner Production, 207, 542-559.
• Heshmati, A. and M. Rashidghalam (2021). Assessment of the Urban Circular Economy in Sweden. Journal of Cleaner Production, 310, 10 August, 127475.

Session 9

• Pham et al. (2020). Flood risk assessment using hybrid AI models integrated with multi criteria decision analysis in Quang Nam Province, Vietnam. Journal of Hydrology, 592, 125815.
• Rakholia, et al. (2022). AI-based air quality PM2.5 forecasting models for developing countries: a case study of HCMC, Vietnam. Urban Climate, 46, 101315.
• Pham, et al. (2024). Artificial intelligence (AI) development in the Vietnam’s energy and economic systems: a critical review. Journal of Cleaner Production, 438, 140692.
• VietDuc, et al. (2024). Measuring the digital economy in Vietnam. Telecommunication Policy, 48, 102683.
• Tam, et al. (2024). Investigating potential barriers to construction digitalization in emerging economies: a study in Vietnam. International Journal of Information Management Data Insights, 4(1), 100226.

Session 10

• What have we learned, and how we can develop your future empirical study?