This page highlights selected academic publications by members of the Vietnam Observatory on Economics and Finance (VOEF). These publications appear in top general‑interest, top field journals and leading international peer‑reviewed journals in economics and finance, as well as high‑impact multidisciplinary outlets.

Forthcoming

  • Pham, N.-S., Toda, A. A. “Comment on “Asset Bubbles and Overlapping Generations””, Econometrica.
  • Massin, S., Nguyen-Van, P., Dubois, D., Willinger, M., Ventelou V. “Hysteresis in addictive consumption depends on time preferences”. Theory and Decsion. https://doi.org/10.1007/s11238-025-10072-w

2026

  • Le Van, C., N.-S. Pham, T.K.C. Pham, and B. Tran-Nam (2025), “Governance, Productivity and Economic Development”, Journal of Public Economic Theory 28, 1-12. https://doi.org/10.1111/jpet.70099.

2025

  • Boun My K., Nguyen-Quang H., Nguyen-Van P., Pham T.K.C., Stenger A., Tiet T., To-The N. (2025), “Farmers’ preferences toward organic certification scheme: Evidence from a discrete choice experiment in Northern Vietnam”, World Development Sustainability, Volume 6, 100203. https://doi.org/10.1016/j.wds.2025.100203
  • Stefano Bosi, Cuong Le Van, Giang Phung (2025), Economic growth with brown or green capital, Journal of Mathematical Economics, Volume 117, 103101. https://doi.org/10.1016/j.jmateco.2025.103101.
  • Le, T. T. L., & Nguyen-Huu, T. T. (2025). Like a multicolored puzzle: decomposing temporary–permanent wage gap in Vietnam. Applied Economics, 1–16. https://doi.org/10.1080/00036846.2025.2594179
  • Nguyen-Huu, T. T., & Hoang, H. H. (2025). Foreign direct investment in Vietnam: how local institutions matter? Post-Communist Economies, 37(7), 789-814. https://doi.org/10.1080/14631377.2025.2493511

2024

  • Bloise, G., Le Van, C. and Vailakis, Y. (2024), Do not Blame Bellman: It Is Koopmans’ Fault. Econometrica, 92: 111-140. https://doi.org/10.3982/ECTA20386
  • G. Bloise, C. Le Van, Y. Vailakis (2024), An approximation approach to dynamic programming with unbounded returns, Journal of Mathematical Economics, Volume 111, 102954. https://doi.org/10.1016/j.jmateco.2024.102954.
  • Stefano Bosi, Carmen Camacho, Cuong Le Van (2024), A model of growth with living capital, Journal of Mathematical Economics, Volume 113, 103018. https://doi.org/10.1016/j.jmateco.2024.103018.
  • Pham, H.H., Pham, N.-S. (2024). Effects of Wariness on Economic Growth in Overlapping Generations Models. Journal of Mathematical Economics, Vol. 115, 103060.
  • Nguyen-Huu, T.T., Pham N.-S. (2024). FDI spillovers, New Industry Development, and Economic Growth. Journal of Public Economic Theory, Volume26, Issue 1, e12670.
  • Nguyen-Huu, T. T. (2024). FDI spillovers and productivity in Vietnamese manufacturing industries - new insights from the unconditional quantile regression. Post-Communist Economies, 36(1), 105-125. https://doi.org/10.1080/14631377.2023.2238158

2023

  • Guillaumont P., Nguyen-Van P., Pham T.K.C., Wagner L. (2023), “Equal opportunity and poverty reduction: How should aid be allocated?”, Review of Development Economics, 27(1), 550-607.
  • Cuong Le Van, Ngoc-Sang Pham, Thi Kim Cuong Pham (2023), Effects of development aid (grants and loans) on the economic dynamics of the recipient country, Mathematical Social Sciences, Volume 125, Pages 101-112. https://doi.org/10.1016/j.mathsocsci.2023.06.003.
  • Pham, N.-S. (2023). Intertemporal equilibrium with physical capital and financial asset: role of dividend taxation, Mathematical Social Sciences, vol. 123, 95-104.

2022

  • Boun My K., Nguyen-Van P., Pham T.K.C., Stenger A., Tiet T., To-The N. (2022), “Drivers of organic farming: Lab-in-the-field evidence of the role of social comparison and information nudge in networks in Vietnam”, Ecological Economics, 196, 107401.
  • Le, T., Le Van, C., Pham, N.-S., Saglam, C. (2022). A Direct Proof of the Gale–Nikaido–Debreu Lemma Using Sperner’s Lemma, Journal of Optimization Theory and Applications, 194, 1072-1080.
  • Bosi, S., Le Van, C., Pham, N.-S. (2022). Real indeterminacy and dynamics of asset price bubbles in general equilibrium, Journal of Mathematical Economics, Volume 100, 102651.

2021

  • Stefano Bosi, Patrice Fontaine, Cuong Le Van (2021), Long-run equilibrium in international assets and goods markets: Why is the law of one price required?, Journal of Economic Behavior & Organization, Volume 190, Pages 891-904. https://doi.org/10.1016/j.jebo.2021.08.023.
  • Nguyen-Van P., Stenger A., Tiet T. (2021), “Social incentive factors in interventions promoting sustainable behaviors: A meta-analysis”, PLOS ONE, 16(12): e0260932.
  • Lawson L.A., Nguyen-Van P. (2021), “Institutions and geography: A “two sides of the same coin” story of primary energy use in Sub-Saharan Africa”, The Energy Journal 42(2), 223-252.
  • Blayac T., Dubois D., Duchêne S., Nguyen-Van P., Ventelou B., Willinger M. (2021), “Population preferences for inclusive COVID-19 policy responses”, The Lancet Public Health 6(1), e9.

2020

  • Ha-Huy T, Le Van C, Nguyen T-D-H. (2020), Optimal growth when consumption takes time. Journal of Public Economic Theory, 22, 1442-1461. https://doi.org/10.1111/jpet.12467
  • My Dam, Thai Ha-Huy, Cuong Le Van, Thi Tuyet Mai Nguyen (2020), Economic dynamics with renewable resources and pollution, Mathematical Social Sciences, Volume 108, Pages 14-26. https://doi.org/10.1016/j.mathsocsci.2020.08.002
  • Dubois D., Farolfi S., Nguyen-Van P., Rouchier J. (2020), “Contrasting effects of information sharing on CPR extraction behaviour: Experimental findings”, PLOS ONE, 15(10): e0240212.
  • Lampach N., Nguyen-Van P., To-The N. (2020), “Robustness analysis of organic technology adoption: Evidence from Northern Vietnamese tea production”, European Review of Agricultural Economics, 47(2), 529-557.
  • Le Van, C., Pham, N.-S. (2020). Demand and equilibrium with inferior and Giffen behaviors, Mathematical Social Sciences, vol. 103, 45-50.
  • Lawson L.A., Nguyen-Van P. (2020), “Is a peaceful cohabitation between living species possible? An empirical analysis on the drivers of threatened species”, Global Ecology and Conservation, 23, e01043.
  • Pham, N.-S., Pham, T.K.C. (2020). Effects of foreign aid on the recipient country’s economic growth, Journal of Mathematical Economics, Vol. 86, 52-68.

2019

  • Dicharry B., Nguyen-Van P., Pham T.K.C. (2019), “`The winner takes it all’ or a story of the optimal allocation of the European Cohesion Fund”, European Journal of Political Economy 59, 385-399.
  • Didisse, J., Nguyen-Huu, T. T., & Tran, T. A. D. (2019). The Long Walk to Knowledge: On the Determinants of Higher Education Mobility to Europe. The Journal of Development Studies, 55(6), 1099-1120. https://doi.org/10.1080/00220388.2018.1475647
  • Cuong Le Van, Paulina Navrouzoglou, Yiannis Vailakis (2019), On endogenous formation of price expectations, Games and Economic Behavior, Volume 115, Pages 436-458. https://doi.org/10.1016/j.geb.2019.03.004
  • Le Van C., Nguyen-Van P., Barbier-Gauchard A., Le D.A. (2019), “Government expenditure, external and domestic public debt, and economic growth”, Journal of Public Economic Theory 21(1), 116-134.
  • Nguyen-Van P., Poiraud C., N. To-The (2017), “Modeling farmers’ decisions on tea varieties: A multinomial logit analysis”, Agricultural Economics 48(3), 291-299.

2018

  • Bosi, S., Le Van, C., Pham, N.-S. (2018). Intertemporal equilibrium with heterogeneous agents, endogenous dividends and collateral constraints, Journal of Mathematical Economics, vol. 76, 1-20.
  • Bosi, S., Ha-Huy, T., Le Van, C., Pham, C.-T., Pham, N.-S. (2018). Financial bubbles and capital accumulation in altruistic economies, Journal of Mathematical Economics, vol. 75, 125-139.
  • Thai Ha-Huy, Cuong Le Van, Cuong Tran-Viet (2018), Arbitrage and equilibrium in economies with short-selling and ambiguity, Journal of Mathematical Economics, Volume 76, Pages 95-100. https://doi.org/10.1016/j.jmateco.2018.01.004
  • Le Van C., Nguyen A.N., Nguyen N.-M., Simioni M. (2018), Growth strategy with social capital, human capital and physical capital-Theory and evidence: The case of Vietnam. Journal of Public Economic Theory, 20, 768-787. https://doi.org/10.1111/jpet.12305
  • Nguyen-Huu, T.T., Pham N.-S. (2018). Should the host country invest in a new industry?. Revue Economique, vol. 69, 29-65.

2017

  • Bosi, S., Le Van, C., Pham, N.-S. (2017). Asset bubbles and efficiency in a generalized two-sector model. Mathematical Social Sciences, vol. 88, 37-48.
  • Thai Ha-Huy, Cuong Le Van (2017), Existence of equilibrium on asset markets with a countably infinite number of states, Journal of Mathematical Economics, Volume 73, Pages 44-53. https://doi.org/10.1016/j.jmateco.2017.07.001
  • Thi Kim Cuong Pham, Mark Mcgillivray (2017), Reforming performance aid allocation practice, World Development, 90, pp.3.

2016

  • Stefano Bosi, Patrice Fontaine, Cuong Le Van (2016), Interest rates parity and no arbitrage as equivalent equilibrium conditions in the international financial assets and goods markets, Mathematical Social Sciences, Volume 82, Pages 26-36. https://doi.org/10.1016/j.mathsocsci.2016.04.002
  • Le Van, C., Pham, N.-S. (2016). Intertemporal equilibrium with financial asset and physical capital. Economic Theory, vol. 62, 155-199.
  • Le Van, C., Saglam, Ç., Turan, A. (2016), Optimal Growth Strategy under Dynamic Threshold. Journal of Public Economic Theory, 18, 979-991. https://doi.org/10.1111/jpet.12167
  • Thanh Le, Cuong Le Van (2016), Transitional dynamics in an R&D-based growth model with natural resources, Mathematical Social Sciences, Volume 82, Pages 1-17. https://doi.org/10.1016/j.mathsocsci.2016.04.001
  • Nguyen M.-H., Nguyen-Van P. (2016), “Optimal endogenous growth with natural resources: Theory and evidence”, Macroeconomic Dynamics 20(8), 2173-2209.

2015

  • Acurio-Vasconez, V., Giraud, G., Mc Isaac, F., Pham, N.-S. (2015). The Effects of Oil Price Shocks in a New-Keynesian Framework with Capital Accumulation. Energy Policy, vol. 86, 844–854.
  • Becker, R., Bosi, S., Le Van, C., Seegmuller T. (2015), On existence and bubbles of Ramsey equilibrium with borrowing constraints, Economic Theory, 58, 329–353. https://doi.org/10.1007/s00199-014-0810-6
  • Mothe C., Nguyen Thi T.U., Nguyen-Van P. (2015), “Assessing complementarity in organizational innovations for technological innovation: The role of knowledge management practices”, Applied Economics 47(29), 3040-3058.

2014

  • R.A. Dana, C. Le Van (2014), Efficient allocations and equilibria with short-selling and incomplete preferences, Journal of Mathematical Economics, Volume 53, Pages 101-105. https://doi.org/10.1016/j.jmateco.2014.06.003
  • Ayong Le Kama, A., Ha-Huy, T., Le Van, C., Katheline Schubert (2014), A never-decisive and anonymous criterion for optimal growth models, Economic Theory, 55, 281-306. https://doi.org/10.1007/s00199-013-0759-x

2013

  • Nguyen-Van P., Pham T.K.C. (2013), “Endogenous fiscal policies, environmental quality, and status-seeking behavior”, Ecological Economics 88, 32-40.

2012

  • Goenka, Aditya & Le Van, Cuong & Nguyen, Manh-Hung (2012). “Existence Of Competitive Equilibrium In An Optimal Growth Model With Heterogeneous Agents And Endogenous Leisure,” Macroeconomic Dynamics, vol. 16(S1), pages 33-51.
  • Dubois D., Willinger M., Nguyen-Van P. (2012), “Optimization incentive and relative riskiness in experimental stag-hunt games”, International Journal of Game Theory 41(2), 369-380

2011

  • Selman Erol, Cuong Le Van, Cagri Saglam (2011), Existence, optimality and dynamics of equilibria with endogenous time preference, Journal of Mathematical Economics, Volume 47, Issue 2, Pages 170-179. https://doi.org/10.1016/j.jmateco.2010.12.006.
  • Erol Dogan, Cuong Le Van, Cagri Saglam (2011), Optimal timing of regime switching in optimal growth models: A Sobolev space approach, Mathematical Social Sciences, Volume 61, Issue 2, Pages 97-103. https://doi.org/10.1016/j.mathsocsci.2010.11.005

2010

  • Cuong Le Van, Katheline Schubert, Tu Anh Nguyen (2010), With exhaustible resources, can a developing country escape from the poverty trap?, Journal of Economic Theory, Volume 145, Issue 6, Pages 2435-2447. https://doi.org/10.1016/j.jet.2010.07.005
  • R.A. Dana, C. Le Van (2010), Overlapping risk adjusted sets of priors and the existence of efficient allocations and equilibria with short-selling, Journal of Economic Theory, Volume 145, Issue 6, Pages 2186-2202. https://doi.org/10.1016/j.jet.2010.08.002
  • Nguyen-Van P. (2010), “Energy consumption and income: A semiparametric panel data analysis”, Energy Economics 32, 557-563.

2009

  • Hung, N.M., C. Le Van, P. Michel (2009). “Non-convex aggregate technology and optimal economic growth,” Economic Theory, vol. 40(3), pages 457-471.

2008

  • Allouch, Nizar, Le Van, Cuong (2008) “Walras and dividends equilibrium with possibly satiated consumers,” Journal of Mathematical Economics, vol. 44(9-10), pages 907-918.
  • Hippolyte d’Albis, Pascal Gourdel, Cuong Le Van (2008). “Existence of solutions in continuous-time optimal growth models,” Economic Theory, vol. 37(2), pages 321-333.

2007

  • Le Van, Cuong, Minh, Nguyen Ba (2007). “No-arbitrage condition and existence of equilibrium with dividends,” Journal of Mathematical Economics, vol. 43(2), pages 135-152.
  • Cuong Le Van, Raouf Boucekkine, Cagri Saglam (2007). “Optimal Control in Infinite Horizon Problems: A Sobolev Space Approach,” Economic Theory, vol. 32(3), pages 497-509.
  • Cuong Le Van, Frank Page, Myrna Wooders (2007). “Risky arbitrage, asset prices, and externalities,” Economic Theory, vol. 33(3), pages 475-491.
  • Le Van, Cuong, Mitra, Tapan, Nishimura, Kazuo, Venditti, Alain (2007). “Instability and fluctuations in intertemporal equilibrium models: Presentation,” Journal of Mathematical Economics, vol. 43(3-4), pages 231-235.
  • Le Van, Cuong, Nguyen, Manh-Hung, Vailakis, Yiannis (2007). “Equilibrium dynamics in an aggregative model of capital accumulation with heterogeneous agents and elastic labor,” Journal of Mathematical Economics, vol. 43(3-4), pages 287-317.
  • Nguyen-Van P., Azomahou T. (2007), “Nonlinearities and heterogeneity in environmental quality: An empirical analysis of deforestation”, Journal of Development Economics, 84(1), 291-309.

2006

  • d’Albis, Hippolyte, Le Van, Cuong (2006). “Existence of a competitive equilibrium in the Lucas (1988) model without physical capital,” Journal of Mathematical Economics, vol. 42(1), pages 46-55.
  • Allouch, Nizar & Le Van, Cuong & Page, Frank Jr. (2006). “Arbitrage and equilibrium in unbounded exchange economies with satiation,” Journal of Mathematical Economics, vol. 42(6), pages 661-674.
  • Azomahou T., Laisney F., Nguyen-Van P. (2006), “Economic development and CO2 emissions: A nonparametric panel approach”, Journal of Public Economics 90(6-7), 1347-1363.
  • Cuong Le Van & Cécile Couharde & Thai Bao Luong (2006). “The Determination of the Equilibrium Exchange Rate in a Simple General Equilibrium Model,” Review of Development Economics, vol. 10(3), pages 506-517.

2005

  • Le Van, Cuong & Vailakis, Yiannis (2005). “Recursive utility and optimal growth with bounded or unbounded returns,” Journal of Economic Theory, vol. 123(2), pages 187-209.
  • Nguyen-Van P. (2005), “Distribution dynamics of CO2 emissions”, Environmental and Resource Economics 32(4), 495-508.
  • Pham, Thi Kim Cuong (2005). “Economic growth and status-seeking through personal wealth,” European Journal of Political Economy, vol. 21(2), pages 407-427.

2004

  • Le Van, Cuong & Cagri Saglam, H. (2004). “Optimal growth models and the Lagrange multiplier,” Journal of Mathematical Economics, vol. 40(3-4), pages 393-410.
  • Nguyen-Van P., Laisney F., Kaiser U. (2004), “The performance of German firms in the business-related services sectors: A dynamic analysis”, Journal of Business and Economic Statistics 22(3), 274-295.
  • Cochard F., Nguyen-Van P., Willinger M. (2004), “Trusting behavior in a repeated investment game”, Journal of Economic Behavior and Organization 55(1), 31-44.

This list is indicative and will be updated regularly.
For full publication records, please contact the VOEF team or refer to the members’ individual webpages.