Agriculture in Vietnam's Economy: A System for Economic Analysis
Creators: name: Daly, Rex F.
name: Hoffman, Robert G.
name: Nelson, Frederick
name: Weingarten, Hyman
name: Hancock, Nancy
name: Chugg, Boyd
name: Rojko, Anthony
name: Daly, Rex F.
name: Hoffman, Robert G.
name: Nelson, Frederick
name: Weingarten, Hyman
name: Hancock, Nancy
name: Chugg, Boyd
name: Rojko, Anthony
Publisher: name: Unknown
Year: 1973
Subjects: subject: Agricultural and Food Policy
subject: Consumer/Household Economics
subject: Crop Production/Industries
subject: Demand and Price Analysis
subject: Food Consumption/Nutrition/Food Safety
subject: International Development
subject: International Relations/Trade
subject: Labor and Human Capital
subject: Land Economics/Use
subject: Livestock Production/Industries
subject: Marketing
subject: FOS: Economics and business
subject: Productivity Analysis
subject: Research Methods/ Statistical Methods
subject: Resource /Energy Economics and Policy
subject: Vietnam
subject: agriculture
subject: economic analysis
subject: sector analysis
subject: models
subject: projections
subject: technical assistance
subject: less developed countries
subject: lower income countries
subject: regression analysis

description: This USDA/AID work pulls a broad range of Vietnam economic and demographic data into an economic intelligence system. The analyses of these data lend valuable insights into inner workings of the Vietnamese economy to aid decisionmakers. Data inadequacies are apparent, but the USDA/AID team worked to develop as much economic information as possible into a logical system rather than dwelling on data shortcomings. Several analytical techniques are used to quantify economic relationships. Regression analysis, ranging from simple linear relationships to polynomial distributed lags, formed the basis of most of the analysis. Supply and utilization tables were constructed for major commodities, supplemented by seasonal analyses, index number construction, and a detailed economic profile. Much of the analysis is then drawn into an illustrative multi-equation framework of the Vietnamese economy. This framework provides important guides to policymakers through simulated alternative assumption levels. It also demonstrates important interrelationships within the agricultural sector, as well as between agriculture and the national accounts. Important conclusions are: ---Formal analytic techniques can give reasonable results even with data inadequacies and social upheaval. These techniques demonstrate that relative food prices are directly related to differences in income and demand elasticities. ---Assuming stable relative food prices: (1) More than a third increase in food production will be required over the next 5 years to feed the growing population and offset food imports. (2) Additional food production increases may be absorbed by increased domestic demand resulting from increased GNP and associated higher income levels.
description: These studies are a cooperative effort between the Agency for International Development (AID) Mission to Vietnam, the Ministry of Land Reform, Agriculture, Fishery and Animal Husbandry Development of the Government of South Vietnam, and the Economic Research Service (ERS) of the U.S. Department of Agriculture. The ERS research program was intended to (1) bring together and analyze available economic information as a basis for the work of the new Directorate of Agricultural Economics as well as AID personnel, (2) develop and test appropriate research techniques and procedures for continuing the informational base needed for planning, and (3) provide experience and training for the staff of the newly-created Directorate of Agricultural Economics.