Globalization and Aid Inflows in the Economic Growth of Vietnam

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

This paper aims to reveal the sources of the rapid growth of the Vietnamese economy since economic reform over the period 1986-2013. It applies the autoregressive distributed lags variance bounds test and the error correction model, focusing on the roles of globalization and aid in economic growth. The empirical evidence supports neither the export-led nor the FDI-led economic growth hypothesis. Rather, the increase in import values is revealed to have caused economic growth. When the import variable is excluded from the estimated model, aid inflows are shown to have caused the economic growth in Vietnam.

Original languageEnglish
Article number20160063
JournalGlobal Economy Journal
Volume13
Issue number1
DOIs
StatePublished - 2017

Keywords

  • aid
  • globalization
  • growth
  • import expansion
  • Vietnam

Fingerprint

Dive into the research topics of 'Globalization and Aid Inflows in the Economic Growth of Vietnam'. Together they form a unique fingerprint.

Cite this