Professor Finn E.Kydland Delivers Keynote at National Economics University

 

This was part of his working mission in Vietnam. He attended the “Basic Science and Society” Conference - one of the biggest activities in a series of events in the 12^th Meeting Vietnam Programme in 2016 aimed to engage in national scientific and educational development programme.

 

During his lecture, Professor Finn shared and discussed major issues relating to economic and sustainable growth policies. He said that countries will become more prosperous in the long term and this judgement is based on rising per capita income, reduced unemployment and lower poverty rate. Thus, they will be able to reduce barriers to high productivity, increase production capacity, and improve productivity. However, in most regions in the world today, business environments share common characteristics: Tumult has not happened in decades because of lack clarity in economic policy planning. To apply important growth promotion decisions like innovation, investment in new production capacity and market selection in an accurate manner, it is essential to have assessments and judgments of future policy environment, that is to say, tax policy, spending and debt policy, degree of trade restrictions and environmental regulations in general.

 

The talk also covered underlying causes and contexts from different areas in the world such as China, the United States and European nations.

 

Professor Finn E. Kydland, born in 1943, is a Norwegian economist. He is the Professor of Economics at the University of California, Santa Barbara (US) from 2004 and the Jeff Henley Chair in Economics Endow. Kydland was a co-recipient of the 2004 Nobel Memorial Prize in Economics with Edward Prescott “for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles".