Impacts of Foreign Direct Investment on Economic Development: Does Institutional Quality Matter?
The linkage between foreign direct investment (FDI) and economic development has been demonstrated in economic literature. In this study, we analyze the impact of FDI on economic development, considering the role of institutional quality in 63 provinces/cities in Vietnam in the period 2005–2022. App...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Ital Publication
2023-12-01
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| Series: | Emerging Science Journal |
| Subjects: | |
| Online Access: | https://www.ijournalse.org/index.php/ESJ/article/view/1948 |
| _version_ | 1797356263974109184 |
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| author | Thuy T. Dang Tran Thi Kim Oanh Ha Luong Thanh Trung Ngoc Nguyen |
| author_facet | Thuy T. Dang Tran Thi Kim Oanh Ha Luong Thanh Trung Ngoc Nguyen |
| author_sort | Thuy T. Dang |
| collection | DOAJ |
| description | The linkage between foreign direct investment (FDI) and economic development has been demonstrated in economic literature. In this study, we analyze the impact of FDI on economic development, considering the role of institutional quality in 63 provinces/cities in Vietnam in the period 2005–2022. Applying various regression methods, such as Pooled OLS, FEM, REM, GMM, and PVAR, the results confirm that foreign direct investment and institutional quality have a positive impact on economic development. Findings also provide evidence that institutional quality is an important factor in attracting FDI, determining both the quality and quantity of inflows from other countries into Vietnam. Some policy implications are given to promote the role of institutions and attract foreign direct investment, thereby promoting the economic development of provinces and cities in Vietnam.
Doi: 10.28991/ESJ-2023-07-06-05
Full Text: PDF |
| first_indexed | 2024-03-08T14:25:05Z |
| format | Article |
| id | doaj.art-51a8e99f4c8b4b2c9df75af2870f4b25 |
| institution | Directory Open Access Journal |
| issn | 2610-9182 |
| language | English |
| last_indexed | 2024-03-08T14:25:05Z |
| publishDate | 2023-12-01 |
| publisher | Ital Publication |
| record_format | Article |
| series | Emerging Science Journal |
| spelling | doaj.art-51a8e99f4c8b4b2c9df75af2870f4b252024-01-13T07:27:40ZengItal PublicationEmerging Science Journal2610-91822023-12-01761924193610.28991/ESJ-2023-07-06-05570Impacts of Foreign Direct Investment on Economic Development: Does Institutional Quality Matter?Thuy T. Dang0Tran Thi Kim Oanh1Ha Luong Thanh2Trung Ngoc Nguyen3Institute for Indian and Southwest Asian Studies, Vietnam Academy of Social Sciences (VASS), Hanoi,University of Finance-Marketing, Ho Chi Minh City,Banking Academy, Hanoi,Head of Party Economic, Department and Assistant to the Politburo Member, Secretary of Ho Chi Minh City Party Committee,The linkage between foreign direct investment (FDI) and economic development has been demonstrated in economic literature. In this study, we analyze the impact of FDI on economic development, considering the role of institutional quality in 63 provinces/cities in Vietnam in the period 2005–2022. Applying various regression methods, such as Pooled OLS, FEM, REM, GMM, and PVAR, the results confirm that foreign direct investment and institutional quality have a positive impact on economic development. Findings also provide evidence that institutional quality is an important factor in attracting FDI, determining both the quality and quantity of inflows from other countries into Vietnam. Some policy implications are given to promote the role of institutions and attract foreign direct investment, thereby promoting the economic development of provinces and cities in Vietnam. Doi: 10.28991/ESJ-2023-07-06-05 Full Text: PDFhttps://www.ijournalse.org/index.php/ESJ/article/view/1948economic developmentforeign direct investmentgmmpvarinstitutional quality. |
| spellingShingle | Thuy T. Dang Tran Thi Kim Oanh Ha Luong Thanh Trung Ngoc Nguyen Impacts of Foreign Direct Investment on Economic Development: Does Institutional Quality Matter? Emerging Science Journal economic development foreign direct investment gmm pvar institutional quality. |
| title | Impacts of Foreign Direct Investment on Economic Development: Does Institutional Quality Matter? |
| title_full | Impacts of Foreign Direct Investment on Economic Development: Does Institutional Quality Matter? |
| title_fullStr | Impacts of Foreign Direct Investment on Economic Development: Does Institutional Quality Matter? |
| title_full_unstemmed | Impacts of Foreign Direct Investment on Economic Development: Does Institutional Quality Matter? |
| title_short | Impacts of Foreign Direct Investment on Economic Development: Does Institutional Quality Matter? |
| title_sort | impacts of foreign direct investment on economic development does institutional quality matter |
| topic | economic development foreign direct investment gmm pvar institutional quality. |
| url | https://www.ijournalse.org/index.php/ESJ/article/view/1948 |
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