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e-ISSN 3093-3994
ISSN 0866-7756
DOI: 10.62831
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Issue: Số 17 - Tháng 6 - 2026 Quản trị - Quản lý

The role of labor structural transformation and industrial productivity in Vietnam’s economic growth: An ARDL bounds testing approach

Published: July 20, 2026

Abstract

This study examines the role of labor structural transformation and industrial productivity in Vietnam’s economic growth during the period 1995–2024 using the ARDL method. The results reveal a long-term cointegration relationship among variables, with the ECM model confirming a stable adjustment toward equilibrium. In the long run, capital and industrial value added have positive but statistically insignificant effects, while agricultural labor has a negative effect, consistent with structural transformation theory. In the short run, capital and industrial productivity exert stronger impacts. The findings support the Lewis dual-sector model and emphasize the importance of labor reallocation and industrial development for long-term growth.
Keywords
structural change labor transformation industrial productivity economic growth ARDL developing economy

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