The impact of international capital flows on economic growth: the case of Vietnam
External capital flows enable developing countries to strengthen investment activities, increase economic growth and reduce poverty. Therefore, this research is conducted primarily to investigate the impact of the long-term and short-term capital flows on Vietnamese real GDP growth. The autoregressi...
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| Định dạng: | Journal Article |
| Ngôn ngữ: | English |
| Thông tin xuất bản: |
Zant World Press
2017
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| Chủ đề: | |
| Truy cập trực tuyến: | http://digital.lib.ueh.edu.vn/handle/UEH/56232 http://dx.doi.org/10.21102/irbrp.2016.03.121.11 |
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| Tóm tắt: | External capital flows enable developing countries to strengthen investment activities, increase economic growth and reduce poverty. Therefore, this research is conducted primarily to investigate the impact of the long-term and short-term capital flows on Vietnamese real GDP growth. The autoregressive distributed lag (ARDL) bound testing method is applied to examine the empirical relationship. The regression results show that there is a long-run relationship between foreign capital flows and economic efficiency. ODA is found to have a stronger impact on the economy than FDI and short-term capital flows. |
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