TAILIEUCHUNG - Effects of institutional quality on FDI in provinces of Vietnam: Empirical evidence based on differenced panel GMM

Foreign direct investment (FDI) has been strongly affecting the world economy during the past years and is a critical topic for both developing and developed countries. Most countries, particularly developing ones, always attempt to adjust and modify appropriate policies and institutions to attract FDI inflows. | 26 Nguyen Van Bon / Journal of Economic Development 22 (3) 26-45 Effects of Institutional Quality on FDI in Provinces of Vietnam: Empirical Evidence Based on Differenced Panel GMM NGUYEN VAN BON University of Economics HCMC – bonvnguyen@ ARTICLE INFO ABSTRACT Article history: Foreign direct investment (FDI) has been strongly affecting the world economy during the past years and is a critical topic for both developing and developed countries. Most countries, particularly developing ones, always attempt to adjust and modify appropriate policies and institutions to attract FDI inflows. In the context of Vietnam, does the institutional quality have any effect on attracting FDI inflows in provinces? To answer clearly and exactly this question, the impact of institutional quality on attracting FDI inflows is empirically investigated in a sample of 43 provinces of Vietnam over the period of 2005–2012 via the estimation technique of difference panel GMM. Estimated results indicate that in the total sample of all provinces the institutional quality has significantly positive effects on the FDI flows. However, in the sub-sample of provinces the impact of the institutional quality on attracting FDI inflows in Northern and Southern regions are statistically significant while that in Central region is not. Received: Dec. 16 2014 Received in revised form: Mar. 3 2015 Accepted: Jun. 28 2015 Keywords: institutional quality, foreign direct investment (FDI), differenced panel GMM, provinces of Vietnam. Nguyen Van Bon / Journal of Economic Development 22 (3) 26-45 27 1. Introduction The FDI capital has been strongly affecting the world economy during the past years and is a critical topic for both developing and developed countries. FDI is a fixed form of investment in international business activities carried out by multinational companies. The positive impact of FDI inflows in host countries is expected via .

• Kinh tế học
• Institutional quality
• Foreign direct investment
• Differenced panel GMM
• Provinces of Vietnam
• Attract FDI inflows
• Firm bank relationships
• Italian manufacturing SMEs
• Lending relationships
• Institutional quality matter
• PCI index
• General Statistics Office
• Institutional improvements
• Business support policies
• Domestic firms
• PhD thesis
• Summary of Doctoral thesis
• Shadow economy in the relationship
• Relationship with FDI
• Empirical evidence from asian countries
• Assessing institutional learning outcomes
• Implications for Vietnam higher education institutions
• Vietnam higher education institutions
• Both quality improvement
• Vietnam HEIs to improve internal quality assurance
• ECONOMIC
• INSTITUTIONAL COMPETITION
• BITS
• DIRECT INVESTMENT
• TRANSPARENCY
• BMC Cancer
• Quality of life
• Multi institutional collaborative
• Sexual problems
• Randomized controlled trial
• Institutional and block holder ownership
• Audit quality of listed manufacturing firms in Nigeria
• Listed manufacturing firms
• Block holder ownership
• Several financial scandal
• Natural resources
• Quality affect FDI
• Sub Saharan African
• Monitoring Individuals
• Treatment Outcomes
• Coeliac Disease Diagnosed
• Coronary Intervention
• Cardiac Arrest Survivors
• Percutaneous Intervention
• báo cáo khoa học
• báo cáo y học
• công trình nghiên cứu về y học
• tài liệu về y học
• cách trình bày báo cáo
• Rentier state
• Resource curse
• Oil rents
• Asymmetric relationship
• Doctoral Thesis in Economics
• Doctoral Thesis
• Operation of small and medium enterprises
• Performance of enterprises
• International Conference on Emerging Challenges
• Subjective well being
• Entrepreneurial well being
• The entrepreneurship – entrepreneurial wellbeing link
• Policy making process
• Debt maturity structure
• Financial development
• Financial institutions
• Kinh tế kinh doanh
• Tạp chí khoa học
• Debt maturity
• Long term debt ratio
• GMM system
• Firm level factors
• Country level factors