Abstract
Northern midlands and mountainous region has witnessed a significant growth in economic development that significantly contributes to the country’s economic development in recent years. In order to provide more comprehensive views, the main objective of this research is to analyze and assess challenges in economic growth and structural change through employed the vector method and decomposing growth sources. Results indicate that despite the achievement of economic growth, there is a slowdown trend in the regional economic growth rate in recent years. It is noted that while the income per capita of this region still lies in lower mid-income categories, the slowdown trend in economic growth is a signal of a middle-income trap. The reasons might have resulted from a slowdown trend in increasing labour productivity and employment rates. Additionally, unreasonable structural change rate would lead to a decline in economic growth momentum. Hence, the study recommends that improving the application of advanced science and technology in agriculture, forestry and fisheries to shift structural productions from products with low productivity and value to goods with higher value and productivity industries.
Keywords: Economic growth, labour productivity, structural change and midlands and mountainous.
JEL classification: O; O1; O4
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Ban biên tập Tạp chí Kinh tế & Quản trị Kinh doanh
Phòng 514, Nhà điều hành, trường Đại học Kinh tế & Quản trị Kinh doanh
Địa chỉ: Phường Tân Thịnh, thành phố Thái Nguyên
Email: tapchikt-qtkd@tueba.edu.vn; Điện thoại: 0208.3903373
