Author : Quoc Anh Ho
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)
Book Synopsis The Contribution of Foreign Direct Investment to Economic Growth in Vietnam During the Period 1990-2013 by : Quoc Anh Ho
Download or read book The Contribution of Foreign Direct Investment to Economic Growth in Vietnam During the Period 1990-2013 written by Quoc Anh Ho and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The impact of foreign investment (FDI)on economic growth has been a controversial topic of debate among economic researchers. FDI is expected to bring many benefit to recipient countries, however there are also many potential disadvantages from a development point of view (Thirlwall, 2011). This paper will estimate the empirical impact of FDI on GDP growth of Vietnam during the period 1990-2013 and compare the impact between two divided periods: post and after the WTO accession of Vietnam in 2007. Firstly, the result shows that for the whole period, FDI has statistically and economically contribute to the growth of GDP in Vietnam. Secondly, the estimated result provides an evidence that FDI might have crowding out effect on domestic investment. Finally, it is shown that before joining the WTO, domestic source of investment has larger impact than FDI on GDP growth. But after the WTO accession there is weak statistical evidence to support the expectation that the impact of FDI on Vietnam's economic GDP growth has increased.