베트남 도이머이 정책이 농업 생산에 미치는 영향

Effect of Vietnam’s Doimoi on Agricultural Production

Exploiting the synthetic control method, we estimate the impact of Vietnam’s Doimoi, with an emphasis of household contracts and liberalization of agricultural distribution, on agricultural production. We estimate that Vietnam’s Doimoi caused 11.8% increase in agricultural production index, respectively, a year after the implementation of the Doimoi. We also find that, about 10 years after the implementation, agricultural production index increased by 25.4% due to the implementation of the Doimoi. One plausible explanation for the increase in agricultural production is that agricultural reform in the Doimoi significantly improved incentives for labor and contributed to the overall improvement of the agricultural sector.