Sang-Ngoc PHAM

Ngoc-Sang PHAM

Caen

Professor in Economics

Presentation

Ngoc-Sang Pham is a Professor of Economics who joined EM Normandie in 2020. He holds a PhD in Economics from Université Paris 1 Panthéon-Sorbonne, awarded in 2014, and obtained his Habilitation to Supervise Research (HDR) in 2024 from the same institution. His research interests include economic theory (general equilibrium), financial economics, macroeconomics, and optimization. His works has been published in international journals, including Econometrica, Economic Theory, Journal of Mathematical Economics, and Journal of Optimization Theory and Applications.

Professional experience

Since 2020: professor in economics, EM Normandie
2016-2020: assistant professor of economics, Montpellier Business School
2015-2016: lecturer (ATER), LEM, University of Lille 3
2014-2015: postdoctoral fellow, Labex MME-DII, EPEE, University of Evry

Département
Economics, territories and sustainable development
Matières enseignées
Alternative and applied economics Statistics
Diplômes
2024 : HDR, Université de Paris I Panthéon-Sorbonne 2014 : PhD in economics, Université Paris 1 Panthéon-Sorbonne

Publications

  • Pham, N.S & Toda, A.A (forthcoming), 'Comment on “Asset Bubbles and Overlapping Generations”', Econometrica. FNEGE : 1* ; ABS : 4* ; FT50.

    2026

    Academic articles

  • Gourdel, P, Le Van, C, Pham, N-S & Tran Viet, C (forthcoming), 'Hartman-Stampacchia theorems, Gale-Nikaidô-Debreu lemma, and Brouwer and Kakutani fixed-point theorems', Journal of Optimization Theory and Applications (ABS : 3)

    2026

    Academic articles

  • Le Van, C & Pham, N.S (à paraître), 'Equilibrium with non-convex preferences: some insights', Bulletin of Economic Research. ABS : 2.

    2025

    Academic articles

  • Le Van, C, Pham, N-S, Pham, T-K-C & Tran-Nam, B (forthcoming), 'Governance, productivity and economic development', Journal of Public Economic Theory. ABS : 2.

    2025

    Academic articles

  • Pham, N-S & Pham, T-K-C (forthcoming), 'Climate aid and global environmental quality', Revue d´Economie du Développement.

    2025

    Academic articles

  • 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, pp. 52-68. CNRS : 1 ; HCERES : A.

    2020

    Academic articles

  • Pham, N.S & Le Van, C 2020, 'Demand and equilibrium with inferior and Giffen behaviors', Mathematical Social Sciences, vol. 103, pp. 45-50. CNRS : 2 ; HCERES : A.

    2020

    Academic articles

  • Pham, N.S & Le Van, C 2020, 'Demand and equilibrium with inferior and Giffen behaviors', Mathematical Social Sciences, vol. 103, pp. 45-50. CNRS : 2 ; HCERES : A.

    2020

    Academic articles

  • 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, pp. 52-68. CNRS : 1 ; HCERES : A.

    2020

    Academic articles

  • Bosi, S, Ha-huy, T & Pham, N.S 2019, 'Rational bubbles in altruistic economies: when Tirole meets Ramsey', Economics Bulletin, vol 39, pp. 816-829. CNRS : 3 ; HCERES : B.

    2019

    Academic articles

  • Pham, N.S & Pham, T.K.C 2019, 'Foreign aid, recipient government’s fiscal behavior, and economic growth', Economics Bulletin, vol. 39, pp. 2457-2466. CNRS : 3 ; HCERES : B.

    2019

    Academic articles

  • Pham, N.S & Pham, T.K.C 2019, 'Foreign aid, recipient government’s fiscal behavior, and economic growth', Economics Bulletin, vol. 39, pp. 2457-2466. CNRS : 3 ; HCERES : B.

    2019

    Academic articles

  • Bosi, S, Ha-huy, T & Pham, N.S 2019, 'Rational bubbles in altruistic economies: when Tirole meets Ramsey', Economics Bulletin, vol 39, pp. 816-829. CNRS : 3 ; HCERES : B.

    2019

    Academic articles

  • Bosi, S, Le Van, C & Pham, N.S 2018, 'Intertemporal equilibrium with heterogeneous agents, endogenous dividends and borrowing constraints', Journal of Mathematical Economics, vol. 76, pp. 1-20. CNRS : 1 ; HCERES : A.

    2018

    Academic articles

  • Nguyen-Huu, T.T & Pham, N.S 2018, "Should the host country invest in a new industry?". Revue Economique, vol. 69(1), pp. 29-65. CNRS : 2 ; HCERES : A.

    2018

    Academic articles

  • Bosi, S, Le Van, C & Pham, N.S 2018, 'Intertemporal equilibrium with heterogeneous agents, endogenous dividends and borrowing constraints', Journal of Mathematical Economics, vol. 76, pp. 1-20. CNRS : 1 ; HCERES : A.

    2018

    Academic articles

  • Nguyen-Huu, T.T & Pham, N.S 2018, "Should the host country invest in a new industry?". Revue Economique, vol. 69(1), pp. 29-65. CNRS : 2 ; HCERES : A.

    2018

    Academic articles

  • 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, pp. 125-139. CNRS : 1 ; HCERES : A.

    2018

    Academic articles

  • 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, pp. 125-139. CNRS : 1 ; HCERES : A.

    2018

    Academic articles

  • Bosi, S, Le Van, C & Pham, N.S 2017, 'Asset bubbles and efficiency in a generalized two-sector model', Mathematical Social Sciences, vol. 88, pp. 37-48. CNRS : 2 ; HCERES : A.

    2017

    Academic articles

  • Bosi, S, Le Van, C & Pham, N.S 2017, 'Asset bubbles and efficiency in a generalized two-sector model', Mathematical Social Sciences, vol. 88, pp. 37-48. CNRS : 2 ; HCERES : A.

    2017

    Academic articles

  • Bosi, S & Pham, N.S 2016, 'Taxation, bubbles and endogenous growth', Economics Letters, vol. 143, pp. 73-76. CNRS : 3 ; HCERES : B.

    2016

    Academic articles

  • Bosi, S & Pham, N.S 2016, 'Taxation, bubbles and endogenous growth', Economics Letters, vol. 143, pp. 73-76. CNRS : 3 ; HCERES : B.

    2016

    Academic articles

  • Le Van, C & Pham, N.S 2016, 'Intertemporal equilibrium with financial asset and physical capital', Economic Theory, vol. 62, pp. 155-199. CNRS : 1 ; HCERES : A.

    2016

    Academic articles

  • Le Van, C & Pham, N.S 2016, 'Intertemporal equilibrium with financial asset and physical capital', Economic Theory, vol. 62, pp. 155-199. CNRS : 1 ; HCERES : A.

    2016

    Academic articles

  • 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, pp. 844-854. CNRS : 2 ; HCERES : A.

    2015

    Academic articles

  • 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, pp. 844-854. CNRS : 2 ; HCERES : A.

    2015

    Academic articles

  • Pham, N.S & Bonnel, H 2011, 'Nonsmooth optimization over the (weakly or properly) Pareto set of a linear-quadratic multiobjective control problem: Explicit optimality conditions', Journal of Industrial and Management Optimization, vol. 7, No. 4, pp. 789-809.

    2011

    Academic articles

  • Pham, N.S & Bonnel, H 2011, 'Nonsmooth optimization over the (weakly or properly) Pareto set of a linear-quadratic multiobjective control problem: Explicit optimality conditions', Journal of Industrial and Management Optimization, vol. 7, No. 4, pp. 789-809.

    2011

    Academic articles

  • Pham, N.S 2025, ‘Effects of Productivity and Credit Constraints on Equilibrium Aggregate Production in General Equilibrium Models with Heterogeneous Producers’, The Annual meeting of the Association of Southern European Economic Theorist, Rabat, Morocco, October 30 November 1st.

    2025

    Academic communications

  • Pham, N.S 2019, 'Aggregate and distributional effects of financial frictions in general equilibrium', The XXVIII European Workshop on Economic Theory EWET, Berlin, Germany, June 13-15.

    2019

    Academic communications

  • Pham, N.S 2019, 'Aggregate and distributional effects of financial frictions in general equilibrium', VEAM 2019, Dalat, Vietnam, June 17-18.

    2019

    Academic communications

  • Pham, N.S 2019, 'Aggregate and distributional effects of financial frictions in general equilibrium', VEAM 2019, Dalat, Vietnam, June 17-18.

    2019

    Academic communications

  • Pham, N.S 2019, 'Aggregate and distributional effects of financial frictions in general equilibrium', The XXVIII European Workshop on Economic Theory EWET, Berlin, Germany, June 13-15.

    2019

    Academic communications

  • Pham, N.S & Pham-Thi, H 2018, 'Effects of credit limit on efficiency and welfare in a simple general equilibrium model', European Workshop on General Equilibrium Theory (EWGET), Paris, France, June 27-29.

    2018

    Academic communications

  • Pham, N.S & Pham-Thi, H 2018, 'Effects of credit limit on efficiency and welfare in a simple general equilibrium model', The PET 2018 conference, Hue, Vietnam, June 5-8. 

    2018

    Academic communications

  • Pham, N.S & Pham, T.K.C 2018, 'Effects of foreign aid on the recipient country's economic growth', 17e Journées Louis-André Gérard-Varet in Public Economics, Aix-en-Provence, France, June 24-25.

    2018

    Academic communications

  • Pham, N.S & Pham-Thi, H 2018, 'Effects of credit limit on efficiency and welfare in a simple general equilibrium model', The PET 2018 conference, Hue, Vietnam, June 5-8. 

    2018

    Academic communications

  • Pham, N.S & Pham, T.K.C 2018, 'Effects of foreign aid on the recipient country's economic growth', 17e Journées Louis-André Gérard-Varet in Public Economics, Aix-en-Provence, France, June 24-25.

    2018

    Academic communications

  • Pham, N.S 2018, 'Credit limits and heterogeneity in general equilibrium models with a finite number of agents', The VEAM 2018 conference, Hanoi, Vietnam, June 11-12.

    2018

    Academic communications

  • Bosi, S, Le Van, C & Pham, N.S 2018, 'Intertemporal equilibrium with heterogeneous agents, endogenous dividends and collateral constraints', European Meeting of the Econometric Society, Cologne, Germany, August 27-31.

    2018

    Academic communications

  • Pham, N.S 2018, 'Credit limits and heterogeneity in general equilibrium models with a finite number of agents', The VEAM 2018 conference, Hanoi, Vietnam, June 11-12.

    2018

    Academic communications

  • Bosi, S, Le Van, C & Pham, N.S 2018, 'Intertemporal equilibrium with heterogeneous agents, endogenous dividends and collateral constraints', European Meeting of the Econometric Society, Cologne, Germany, August 27-31.

    2018

    Academic communications

  • Pham, N.S & Pham-Thi, H 2018, 'Effects of credit limit on efficiency and welfare in a simple general equilibrium model', European Workshop on General Equilibrium Theory (EWGET), Paris, France, June 27-29.

    2018

    Academic communications

  • Pham, N.S 2017, 'Assets with possibly negative dividends', Workshop "Finance and Growth", Florence, Italia.

    2017

    Academic communications

  • Bosi, S, Le Van, C & Pham, N.S 2017, 'Intertemporal equilibrium with heterogeneous agents, endogenous dividends and collateral constraints', Association Française de Sciences Economiques (AFSE), Nice, France, June 19-21.

    2017

    Academic communications

  • Pham, N.S 2017, 'Assets with possibly negative dividends', Workshop "Finance and Growth", Florence, Italia.

    2017

    Academic communications

  • Bosi, S, Le Van, C & Pham, N.S 2017, 'Intertemporal equilibrium with heterogeneous agents, endogenous dividends and collateral constraints', Association Française de Sciences Economiques (AFSE), Nice, France, June 19-21.

    2017

    Academic communications

  • Bosi, S, Le Van, C & Pham, N.S 2017, 'Intertemporal equilibrium with heterogeneous agents, endogenous dividends and collateral constraints', International Workshop «Economic Growth, Macroeconomic Dynamics and Agents' Heterogeneity», St. Petersburg, Russia, May 24-27.

    2017

    Academic communications

  • Bosi, S, Le Van, C & Pham, N.S 2017, 'Intertemporal equilibrium with heterogeneous agents, endogenous dividends and collateral constraints', International Workshop «Economic Growth, Macroeconomic Dynamics and Agents' Heterogeneity», St. Petersburg, Russia, May 24-27.

    2017

    Academic communications

  • Pham, N.S 2017, 'Assets with possibly negative dividends', Association for Public Economic Theory (APET) conference, Paris, France, July 10-13

    2017

    Academic communications

  • Bosi, S, Le Van, C & Pham, N.S 2017, 'Intertemporal equilibrium with heterogeneous agents, endogenous dividends and collateral constraints', Society for Advancement of Economic Theory (SAET), Faro, Portugal, June 25-30.

    2017

    Academic communications

  • Pham, N.S 2017, 'Assets with possibly negative dividends', Association for Public Economic Theory (APET) conference, Paris, France, July 10-13

    2017

    Academic communications

  • Bosi, S, Le Van, C & Pham, N.S 2017, 'Intertemporal equilibrium with heterogeneous agents, endogenous dividends and collateral constraints', Society for Advancement of Economic Theory (SAET), Faro, Portugal, June 25-30.

    2017

    Academic communications

  • Pham, N.S 2016, 'Physical capital, financial asset and dividend taxation', PET 2016, Rio de Janeiro, Brazil.

    2016

    Academic communications

  • Pham N.S 2016, 'Assets with negative dividends', IMPA SAET 2016, Rio de Janeiro, Brazil, July 6-9.

    2016

    Academic communications

  • Bosi, S, Le Van, C & Pham, N.S 2016, 'Asset bubbles and efficiency in a generalized two-sector model', European Winter Meeting of the Econometric Society, Edinburgh, Scotland, December 10-11.

    2016

    Academic communications

  • Pham N.S 2016, 'Assets with negative dividends', IMPA SAET 2016, Rio de Janeiro, Brazil, July 6-9.

    2016

    Academic communications

  • Bosi, S, Le Van, C & Pham, N.S 2016, 'Asset bubbles and efficiency in a generalized two-sector model', European Winter Meeting of the Econometric Society, Edinburgh, Scotland, December 10-11.

    2016

    Academic communications

  • Bosi, S, Le Van, C & Pham, N.S 2016, 'Inter-temporal equilibrium with heterogeneous agents, endogenous dividends and borrowing constraints', VEAM 2016, Da Nang, Vietnam, August 11-12.

    2016

    Academic communications

  • Bosi, S, Le Van, C & Pham, N.S 2016, 'Inter-temporal equilibrium with heterogeneous agents, endogenous dividends and borrowing constraints', VEAM 2016, Da Nang, Vietnam, August 11-12.

    2016

    Academic communications

  • Pham, N.S 2016, 'Physical capital, financial asset and dividend taxation', PET 2016, Rio de Janeiro, Brazil.

    2016

    Academic communications

  • Le Van, C & Pham, N.S 2015, 'Intertemporal equilibrium with financial asset and physical capital', Econometric Society World Congress, Montréal, Canada, August 17-21.

    2015

    Academic communications

  • Pham, N.S 2015, 'Physical capital, financial asset and dividend taxation', Sustainability workshop, Strasbourg, France, October 16.

    2015

    Academic communications

  • Le Van, C & Pham, N.S 2015, 'Intertemporal equilibrium with financial asset and physical capital', ADRES, Paris, France, December 14-15.

    2015

    Academic communications

  • Nguyen-Huu, T.T & Pham, N.S 2015, 'Optimal growth: FDI and new technology', Vietnam Economist Annual Meeting - VEAM, Thai Nguyen, Vietnam, June 9-10.

    2015

    Academic communications

  • Le Van, C & Pham, N.S 2015, 'Intertemporal equilibrium with financial asset and physical capital', ADRES, Paris, France, December 14-15.

    2015

    Academic communications

  • Nguyen-Huu, T.T & Pham, N.S 2015, 'Optimal growth: FDI and new technology', Vietnam Economist Annual Meeting - VEAM, Thai Nguyen, Vietnam, June 9-10.

    2015

    Academic communications

  • Le Van, C & Pham, N.S 2015, 'Intertemporal equilibrium with financial asset and physical capital', Royal Economic Society Conference, Manchester, UK, March 30 - April 1.

    2015

    Academic communications

  • Le Van, C, Pham, N.S & Vailakis, Y 2015, 'Financial asset bubble with heterogeneous agents and endogenous borrowing constraints', Association of Public Economic Theory Conference PET, Luxembourg, July 2-4.

    2015

    Academic communications

  • Bosi, S. Le Van, C & Pham, N.S 2015, 'Rational land and housing bubbles in infinite horizon general equilibrium models', UECE Lisbon Meetings in Game Theory and Applications 2015, Lisbon, Portugal, 5-7 November.

    2015

    Academic communications

  • Le Van, C & Pham, N.S 2015, 'Intertemporal equilibrium with financial asset and physical capital', Royal Economic Society Conference, Manchester, UK, March 30 - April 1.

    2015

    Academic communications

  • Le Van, C, Pham, N.S & Vailakis, Y 2015, 'Financial asset bubble with heterogeneous agents and endogenous borrowing constraints', Association of Public Economic Theory Conference PET, Luxembourg, July 2-4.

    2015

    Academic communications

  • Bosi, S. Le Van, C & Pham, N.S 2015, 'Rational land and housing bubbles in infinite horizon general equilibrium models', UECE Lisbon Meetings in Game Theory and Applications 2015, Lisbon, Portugal, 5-7 November.

    2015

    Academic communications

  • Le Van, C & Pham, N.S 2015, 'Intertemporal equilibrium with financial asset and physical capital', Econometric Society World Congress, Montréal, Canada, August 17-21.

    2015

    Academic communications

  • Pham, N.S 2015, 'Physical capital, financial asset and dividend taxation', Sustainability workshop, Strasbourg, France, October 16.

    2015

    Academic communications

  • Le Van, C & Pham, N.S 2014, 'Intertemporal equilibrium with financial asset and physical capital', General Equilibrium Days, York, UK.

    2014

    Academic communications

  • Le Van, C & Pham, N.S 2014, 'Intertemporal equilibrium with financial asset and physical capital', General Equilibrium Days, York, UK.

    2014

    Academic communications

  • Le Van, C & Pham, N.S 2014, 'Financial asset bubble and physical capital bubble', XXIII European Workshop on General Equilibrium Theory (EWGET), Paris, France, June 30 - July 1.

    2014

    Academic communications

  • Le Van, C & Pham, N.S 2014, 'Financial asset bubble and physical capital bubble', XXIII European Workshop on General Equilibrium Theory (EWGET), Paris, France, June 30 - July 1.

    2014

    Academic communications

  • Pham, N.S 2013, 'Collateral monetary equilibrium with liquidity constraints in an infinite-horizon economy', XXII EWGET, Vienna, Austria, May 31 - June 2.

    2013

    Academic communications

  • Pham, N.S 2013, 'Collateral monetary equilibrium with liquidity constraints in an infinite-horizon economy', XXII EWGET, Vienna, Austria, May 31 - June 2.

    2013

    Academic communications

  • Pham, N.S 2013, 'Collateral monetary equilibrium with liquidity constraints in an infinite-horizon economy', General Equilibrium Days, York, UK.

    2013

    Academic communications

  • Le Van, C & Pham, N.S 2013, 'Intertemporal equilibrium with financial asset and physical capital', 13th SAET Society for the Advancement of Economic Theory, Paris, France, July 26-27.

    2013

    Academic communications

  • Pham, N.S 2013, 'Collateral monetary equilibrium with liquidity constraints in an infinite-horizon economy', General Equilibrium Days, York, UK.

    2013

    Academic communications

  • Le Van, C & Pham, N.S 2013, 'Intertemporal equilibrium with financial asset and physical capital', 13th SAET Society for the Advancement of Economic Theory, Paris, France, July 26-27.

    2013

    Academic communications

  • Pham, N.S 2013, 'Collateral monetary equilibrium with liquidity constraints in an infinite-horizon economy', Financial Regulation and Systemic Risk, Paris, France, 

    2013

    Academic communications

  • Le Van, C & Pham, N.S 2013, 'Intertemporal equilibrium with financial asset and physical capital', Vietnam Economist Annual Meeting, Hue, Vietnam, June 18-19.

    2013

    Academic communications

  • Pham, N.S 2013, 'Collateral monetary equilibrium with liquidity constraints in an infinite-horizon economy', Financial Regulation and Systemic Risk, Paris, France, 

    2013

    Academic communications

  • Le Van, C & Pham, N.S 2013, 'Intertemporal equilibrium with financial asset and physical capital', Vietnam Economist Annual Meeting, Hue, Vietnam, June 18-19.

    2013

    Academic communications

  • Le Van, C, Nguyen, T.D.H, Tran-Nam, B & Pham, S.N 2018, 'A General Equilibrium Model in Which Consumption Takes Time', in B. Tran-Nam, M. Tawada and M. Okawa (Eds.), "Recent Developments in Normative Trade Theory and Welfare Economics", Springer-Verlag.

    2018

    Research books and book chapters

  • Le Van, C, Nguyen, T.D.H, Tran-Nam, B & Pham, S.N 2018, 'A General Equilibrium Model in Which Consumption Takes Time', in B. Tran-Nam, M. Tawada and M. Okawa (Eds.), "Recent Developments in Normative Trade Theory and Welfare Economics", Springer-Verlag.

    2018

    Research books and book chapters

  • Bosi, S, Le Van, C & Pham, S.N 2017, 'Rational land and housing bubbles in infinite-horizon economies', in K. Nishimura, A. Venditti and N. Yannelis, (Eds.), "Sunspots and Non-Linear Dynamics – Essays in honor of Jean-Michel Grandmont", Series "Studies in Economic Theory", Springer-Verlag. 

    2017

    Research books and book chapters

  • Bosi, S, Le Van, C & Pham, S.N 2017, 'Rational land and housing bubbles in infinite-horizon economies', in K. Nishimura, A. Venditti and N. Yannelis, (Eds.), "Sunspots and Non-Linear Dynamics – Essays in honor of Jean-Michel Grandmont", Series "Studies in Economic Theory", Springer-Verlag. 

    2017

    Research books and book chapters

  • Le Van, C, Nguyen Huu, T-T, Nguyen, V-P & Pham, N-S 2025, 'Đổi mới sáng tạo để thoát các “bẫy” phát triển - Innovation to escape development traps', Tia Sang, June, 23.

    2025

    Articles in professional journals

  • Le Van, C & Pham, N-S, 'Nobel Kinh tế 2025: Tăng trưởng bền vững và vài gợi ý cho Việt Nam', Tia Sang, October 24. English title: "Nobel Prize in Economics 2025: Sustainable growth and some suggestions for Vietnam".

    2025

    Articles in professional journals

  • Nguyen Huu, T-T, Nguyen, V-P & Pham, N-S 2025, 'FDI trong kỷ nguyên “vươn mình” của Việt Nam - FDI in the new area of Vietnam', Tia Sang, September, 15.

     

    2025

    Articles in professional journals