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Economic transformation factors and education and their contribution to economic growth in Vietnam over the short medium and long term

Phan Thi Hang Nga et al · Springer · 2026

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Abstract This study examines the time–frequency dependence structure and causality of Vietnamese financial development (FI), trade openness (OP), education (ED), and digitalization (DI) on Vietnam’s economic growth (GDP) across quantiles over the period 2000–2021. We employ wavelet-based decomposition series to establish a multiscale quantile-on-quantile regression (QQR) and Granger causality in quantiles test frameworks to uncover the complex interactions involving FI, OP, ED, DI, and GDP. The results are as follows: First, QQR findings indicate that digitalization and education significantly impact economic growth across different quantiles. By contrast, there are both negative and positive relationships between FI, OP, and GDP in this economy at various economic scenarios. Second, as for the Granger causality test, the findings are heterogeneous. Put differently, a bidirectional relationship is found between FI, ED, DI, OP, and GDP in this country at different timescales. This Granger causality is stronger in longer time horizons. Additionally, wavelet coherence estimates suggest that the multiscale nexus between the examined variables is time-varying and scale-varying, where we find low coherence in the short run and higher coherence in longer time horizons. These findings can inform cooperative policies on digitalization, education, trade openness, financial development, and economic growth in Vietnam.

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APA 7

al, P. T. H. N. E. (2026). Economic transformation factors and education and their contribution to economic growth in Vietnam over the short medium and long term. https://doi.org/10.1007/s43621-026-02970-y

MLA

al, Phan Thi Hang Nga et. "Economic transformation factors and education and their contribution to economic growth in Vietnam over the short medium and long term." 2026. https://doi.org/10.1007/s43621-026-02970-y.

Chicago

al, Phan Thi Hang Nga et. 2026. "Economic transformation factors and education and their contribution to economic growth in Vietnam over the short medium and long term.". https://doi.org/10.1007/s43621-026-02970-y.

Harvard

al, P. T. H. N. E. 2026, Economic transformation factors and education and their contribution to economic growth in Vietnam over the short medium and long term, Springer, available at: https://doi.org/10.1007/s43621-026-02970-y [Accessed 28 Jun. 2026].

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Título
Economic transformation factors and education and their contribution to economic growth in Vietnam over the short medium and long term
Autor / colaboradores
Phan Thi Hang Nga et al
Editorial
Springer
Año de publicación
2026
ISSN
2662-9984
ISSN
2662-9984
Idioma
eng

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