To estimate and calculate the distortions in REER, this article will use the approach under the angle of the theory of macro-economics and Econometrics. Besides, the econometric techniques in this paper based on the empirical studies of Vietnam and the world in this field. However, to conform to Vietnam's economic situation today, we've added a number of other variables along with the arguments and theoretical base tightly to pick out the important economic variables to include in the model
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