Publication:
The Relationships Between FDI, Trade and Economic Growth of Vietnam
The Relationships Between FDI, Trade and Economic Growth of Vietnam
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Date
2017
Authors
Nguyen Ngoc Thach
Le Hoang Anh
Mai Binh Duong
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Abstract
Trade balance improvement and Foreign Direct Investment (FDI) encouragement to promote economic growth are the most crucial issues which the Vietnam government has paid much attention. The empirical analysis of relationships between FDI, trade and economic growth of Vietnam should be firstly done. Time-series data from 1990 to 2015 in Vietnam, and Vector Error Correction Model (VECM) are used to analyze the relationships both in the short and long term between FDI and , trade and economic growth. The results show that
survival in the long-term relationship between FDI, trade and economic growth in Vietnam. In addition, a causal relationship is existed between FDI and economic growth in Vietnam. At the same time, in the short term, FDI also impacts the economic growth of Vietnam.
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Keywords
Vietnam,
Economic growth,
Foreign Direct Investment (FDI),
Vector Error Correction Model (VECM)