Ấn phẩm
Impact of Globalization on Economic Growth in Vietnam: An Empirical Analysis
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Tóm tắt
This study aims at investigating the impact of globalization on economic growth in the case of Vietnam. Empirical analysis is done by using time series data for the period from 1995 to 2014. The paper tested the stationary cointegration of time series data and utilized the error correction modeling technique to determine the short run relationships among economic growth, globalization, foreign direct investment, balance of trade and exchange rate variables. Then, the long run relationship between economic growth and the variables representing economic integration were estimated by ordinary least square. The results show that globalization, measured by the KOF index, promotes economic growth and Vietnam has gained from integrating into the global economy. The overall index of globalization had positively and signifiantly impacted the economic growth in Vietnam. The results also indicated that economic globalization had a signifiantly positive effct on economic growth in the period examined. The study further revealed that foreign direct investment and the exchange rate affct economic growth positively whereas balance of trade affcts economic growth negatively.
Mô tả
Economic
Tác giả
Tran, Tho Dat
Tác giả khác
Nguyen, Thi Cam Van
Người hướng dẫn
Nơi xuất bản
Nhà xuất bản
Kinh Tế Quốc Dân
Năm xuất bản
2018
ISSN tạp chí
Nhan đề tập
Từ khóa chủ đề
Globalization , economic growth , trade balance , foreign direct investment , cointegration.
