Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
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The Analysis of the Effect of FDI to Export - from the case of Vietnam

FDI와 수출 간 관계 연구 - 베트남의 사례를 중심으로

  • Le Ngoc Khai (Department of International Trade, Dong-A University) ;
  • Young-Jin Ro (Department of International Trade, Dong-A University)
  • Received : 2020.07.31
  • Accepted : 2020.08.28
  • Published : 2020.08.31
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Abstract

Vietnam has experienced a high economic growth since early 2000s. One of the reasons for this successful economic growth is foreign direct investment that has been invested mainly in manufacturer sector in Vietnam. In this paper, we examine the impacts of foreign direct investment to Vietnam on its exports using quarterly data from 2000:1 to 2017:4. Since all the variables in our model is subject to I(1), we apply Fully Modified OLS(FMOLS) to estimate a cointegration vectors. Our results show that there exists a long-run relationship among Export, FDI, Exchange rate and G20 countries' GDP. Also, we find that FDI has a positive effect on Vietnam's export, which was statistically significant. Our results support the hypothesis that the FDI to Vietnam since 2000 has an export-oriented feature.

Keywords

Acknowledgement

This work was supported by the Dong-A University research fund.

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