Transport Infrastructure Impact on Regional Unemployment – Evidence from Vietnam

Abstract

Forecasts of elements that can lower unemployment are always significant since they demonstrate a country's economic development strategy's efficacy. The difficulties that workers have in finding work has major implications for Vietnam's socioeconomic development. The goal of this study is to look at the influence of transportation infrastructure on unemployment in Vietnam's 63 regions from 2000 to 2020. Improvements in Vietnam's transportation infrastructure have helped cut unemployment throughout the country's 63 provinces and regions, according to the baseline regression results. When the System Generalized Method of Moment estimator was utilized in this investigation, the same results were achieved. The results of the robustness check are comparable to those of the previous tests. The Vietnamese government continues to push the development of high-quality transportation infrastructure in order to assure future socioeconomic development. This is a critical aspect in reducing unemployment and restoring the Vietnamese economy following the COVID-19 period.