2
MINISTRY OF EDUCATIONAL & TRAINING
UNIVERSITY OF ECONOMICS HO CHI MINH CITY
_________
NGUYEN PHUONG LIEN
PUBLIC FINANCE, GOVERNANCE AND
ECONOMIC GROWTH
Specialization: Finance-Banking(Public Finance)
Specialization code: 9340201
DOCTORAL DISSERTATION
SUPERVISOR:
Prof. SU DINH THANH
Ho Chi Minh City - 2018
i
COMMITMENT
I commit that, throughout the whole process, I did this research based on
ethical rules and laws for academic scientific research, including creating research
ideas, conducting the literature review, collecting data, as well as the data analysis
and research interpretation. In addition, I commit that I conducted this study by
myself. The dissertation uses the data and analysis that I did by myself.
Committed by
PhD student
ii
ACKNOWLEDGEMENTS
First, I would like to express my deepest appreciation to my supervisor,
Professor Sử Đình Thành, for his lectures as well as coaching me while I performed
this research. Without his instructions and persistent support, this dissertation would
not have been possible.
Second, I would like to thank all UEH’s lecturers who instructed me in my
research methods courses during my time as a Ph. D. student in the University of
Economics, Ho Chi Minh City. Dr. Trần Thị Tuấn Anh’s expert guidance was
especially valuable for completing my research with clear and logical
interpretations of the methodology.
Third, I am also grateful to my parents, my young sisters, and my sons for
their encouragement in my life. I also wish to express my endless thanks to my love
for his sacrifice and daily care of me.
Finally, last but by no means least, thank you to all my colleagues who
shared with me their useful comments to help complete my publication.
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TABLE OF CONTENT
Table of Contents
COMMITMENT ...........................................................................................................i
ACKNOWLEDGEMENTS ........................................................................................ ii
TABLE OF CONTENT ............................................................................................. iii
ABBREVIATIONS ................................................................................................... vii
LIST OF TABLES ..................................................................................................... ix
LIST OF FIGURES ...................................................................................................... x
Abstract: ...................................................................................................................... xi
CHAPTER 1 ................................................................................................................. 1
INTRODUCTION ........................................................................................................ 1
1.1. Research background ...................................................................................... 1
1.1.1. An overview of the status of global economies in the period 1996–2016 . 1
1.1.2. The differences of public finance and growth between developed and
developing countries .............................................................................................. 5
1.2. Research motivation ..................................................................................... 10
1.3. Research objectives and research questions ................................................. 14
1.4. Research scope .............................................................................................. 15
1.5. Research methods ......................................................................................... 16
1.6. Research contribution ................................................................................... 18
1.7. Structure of dissertation ................................................................................ 20
CHAPTER 2: .............................................................................................................. 23
LITERATURE REVIEW AND HYPOTHESES DEVELOPMENT ....................... 23
2.1. Introduction ...................................................................................................... 23
2.2. Some key concepts ........................................................................................... 24
2.2.1. Public finance ............................................................................................ 24
a) Tax revenue ................................................................................................... 25
b) Government expenditure............................................................................... 26
