Vietnam's Economy Poised for Unbounded Growth with Human Capital Inclusion.
The article evaluates economic growth in Vietnam by analyzing the relationship between capital, labor, and human capital. Using a specialized regression method, the study finds that Vietnam's economy shows potential for unbounded growth due to a high elasticity of substitution between capital and labor. Including human capital in the model leads to a rise in the labor share relative to the capital share. The economy is moving towards a perfect competition market, with no scale economies present. The human capital-extended production model is deemed suitable for assessing endogenous growth in Vietnam.