ISSN 2394-5125
 

Research Article 


FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH NEXUS: EVIDENCE FROM HANOIVIETNAM

Ngo Ngoc Minh, Nguyen Duc Loc.

Abstract
Over the past years (from 1990 to 2019), the average growth rate of Hanoi, Vietnamís capital, is
about 1.5 higher than that of Vietnamís economy. Theoretically, foreign direct investment (FDI) is one of the
major engines powering this impressive growth. But in reality how does FDI inflow affect real gross domestic
product per capita (Y ) in Hanoi? What are policy implications to further leverage positive impact of FDI in the
long run? The results of the research indicate that FDI has no impact on the dependent variable in the short run.
In the long run, the impact of FDI is found to be much smaller than that of public investment (PI), respectively
0.01 and 0.09 percent. More interestingly, there exists an unbiased bilateral nexus between FDI and PI.

Key words: economic growth, FDI, Hanoi, Vietnam


 
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Pubmed Style

Ngo Ngoc Minh, Nguyen Duc Loc. FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH NEXUS: EVIDENCE FROM HANOIVIETNAM. JCR. 2020; 7(19): 1960-1966. doi:10.31838/jcr.07.19.238


Web Style

Ngo Ngoc Minh, Nguyen Duc Loc. FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH NEXUS: EVIDENCE FROM HANOIVIETNAM. http://www.jcreview.com/?mno=108241 [Access: September 15, 2020]. doi:10.31838/jcr.07.19.238


AMA (American Medical Association) Style

Ngo Ngoc Minh, Nguyen Duc Loc. FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH NEXUS: EVIDENCE FROM HANOIVIETNAM. JCR. 2020; 7(19): 1960-1966. doi:10.31838/jcr.07.19.238



Vancouver/ICMJE Style

Ngo Ngoc Minh, Nguyen Duc Loc. FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH NEXUS: EVIDENCE FROM HANOIVIETNAM. JCR. (2020), [cited September 15, 2020]; 7(19): 1960-1966. doi:10.31838/jcr.07.19.238



Harvard Style

Ngo Ngoc Minh, Nguyen Duc Loc (2020) FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH NEXUS: EVIDENCE FROM HANOIVIETNAM. JCR, 7 (19), 1960-1966. doi:10.31838/jcr.07.19.238



Turabian Style

Ngo Ngoc Minh, Nguyen Duc Loc. 2020. FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH NEXUS: EVIDENCE FROM HANOIVIETNAM. Journal of Critical Reviews, 7 (19), 1960-1966. doi:10.31838/jcr.07.19.238



Chicago Style

Ngo Ngoc Minh, Nguyen Duc Loc. "FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH NEXUS: EVIDENCE FROM HANOIVIETNAM." Journal of Critical Reviews 7 (2020), 1960-1966. doi:10.31838/jcr.07.19.238



MLA (The Modern Language Association) Style

Ngo Ngoc Minh, Nguyen Duc Loc. "FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH NEXUS: EVIDENCE FROM HANOIVIETNAM." Journal of Critical Reviews 7.19 (2020), 1960-1966. Print. doi:10.31838/jcr.07.19.238



APA (American Psychological Association) Style

Ngo Ngoc Minh, Nguyen Duc Loc (2020) FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH NEXUS: EVIDENCE FROM HANOIVIETNAM. Journal of Critical Reviews, 7 (19), 1960-1966. doi:10.31838/jcr.07.19.238