文档介绍：Economics of Transition
Volume 16(2) 2008, 183–197
ForeignfdixuanBlackwellOxford,ECOTEconomics0967-0750©JournalXXXOriginal 2007 and and exports pilationArticles Publishing xing of Authors Transitionin vietnam © Ltd 2007 The European Bank for Reconstruction Development direct investment
and exports
The experiences of Vietnam1
Nguyen Thanh Xuan* and Yuqing Xing**
*School of Economics, The University of New South Wales, Sydney, NSW, Australia.
E-mail: thanh.******@
**International Development Program, Graduate School of International Relations, International
University of Japan, Niigata-ken, Japan. E-mail: ******@
Abstract
We examined the implementation statuses of a total of 5,919 foreign direct investment
(FDI) projects approved by the Vietnamese Ministry of Planning and Investment
since 1988, piled a database of actually disbursed FDI in Vietnam. The
database covers FDI flows into Vietnam from 23 countries from 1990 to 2004. Using
the data, we analyzed the impact of FDI on the exports of Vietnam with gravity
equations. The empirical results demonstrate that FDI is one of the major factors
driving the rapid export growth of Vietnam. It has significantly facilitated the
expansion of Vietnam’s exports to FDI source countries. In particular, the empirical
analysis shows that a 1 percent increase in FDI inflows will be expected to give rise
to a percent increase in Vietnam’s exports to these countries.
JEL classifications: F14, F23.
Keywords: FDI, exports, gravity, Vietnam.
Received: November 2, 2006; Acceptance: October 5, 2007
1 We are grateful to an anonymous referee for detailed and ments. The usual disclaimer applies.
© 2008 The Authors
pilation © 2008 The European Bank for Reconstruction and Development.
Published by Blackwell Publishing Ltd, 9600 Garsington Road, Oxford OX4 2DQ, UK and 350 Main St, Malden, MA 02148, USA
184 Xuan and Xing
1. Introduction
The ‘Doi Moi’ reform launched in 1