Water governance takes a vital role in sustainable development in the developing world. Population growth, economic development and technological improvement have raised the water demand but water supply is becoming unstable due to natural changes. Water scarcity leads to not only environmental pressures but also social tensions due to the fact that water resources are distributed unevenly across countries, regions, and social groups. In this paper, we firstly review water governance around the world and then investigate the water governance issues in Vietnam, especially in the Mekong Delta. International practices including tools, models and challenges of water governance would be valuable lessons for water policies in Vietnam.
Water Governance; Agriculture; Sustainable Development; Mekong Delta.
2020, Journal of Asian Business and Economic Studies
Public capital spending positively contributes to economic growth and development in many countries worldwide. However, questions concerning the importance of inflation in the public investment–growth relationship are of great interest. This study examines the role of inflation in the public investment–growth relationship in Vietnam using the two-step GMM Arellano-Bond estimators for a balanced panel data of 52 provinces during the period of 2005–2014. More interesting are the empirical findings. First, inflation significantly increases the volume of public capital spending. Second, public investment and inflation enhance economic growth, but their interaction term impedes it. Third, private investment, government recurrent expenditure, and trade openness are the significant determinants of growth. These findings suggest some important policy implications related to public capital spending and inflation in developing countries, specifically the Vietnam government.