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The Impact of Foreign Direct Investment, Aid and Exports on Economic Growth in Vietnam

  • NGUYEN, Cung Huu
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.581-589
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    • 2020
  • Foreign factors play an important role in the socio-economic development of each country, in which foreign direct investment (FDI), foreign aid and exports of goods and services are always given top priority in undeveloped countries as well as developing countries. The purpose of this study is to examine the relationship between the various factors such as FDI, foreign aid, exports and economic growth in Vietnam. The empirical method employed secondary time-series data set during the period 1997-2018 to determine the impact of FDI, foreign aid and exports on economic growth in Vietnam by using a linear approach. For this study, data is collected from the World Bank and relevant agencies in Vietnam. An empirical model is built with a correlation and regression analysis between economic growth (GDP, current) and three independent variables (FDI, aid, exports of goods and services). The results show that the relationship between FDI (net inflows), aid, exports and GDP (current) has a positive effect at a 1% significance level. Based on these findings, the article recommends that Vietnam continues to seek effective solutions to maintain high economic growth rates by attracting FDI inflows, official development assistance (ODA), and increasing exports of goods and services.

The Effect of Foreign Direct Investment Inflow on Exports: Evidence from Vietnam

  • DO, Duc Anh;SONG, Yinghua;DO, Huu Tung;TRAN, Thi Thu Hien;NGUYEN, Thanh Thuy
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.2
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    • pp.325-333
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    • 2022
  • Foreign direct investment (FDI) and export are now often regarded as two of the most important drivers of economic growth on a worldwide scale. The impact of foreign direct investment on Vietnam's exports is investigated in this study. The data for the time period 1985-2020 was obtained from the World Bank and the Vietnam General Statistics Office. The years 1985 to 2020 were chosen to evaluate the evolution of macroeconomic parameters since 1986. The impact of the Covid-19 epidemic on renovation reform. The Johansen co-integration test proved that FDI and domestic investment (DI) had a long-term positive impact on Vietnam's export growth. The Granger causality test revealed that there is a one-way relationship between FDI and export in the near term, but no such relationship exists between DI and export. The result of the variance decomposition study demonstrates that the FDI sector has a bigger impact on Vietnam's export growth than the DI sector. Furthermore, export activities are vulnerable to FDI sector shocks. As a result, in recent years, FDI has been regarded as the most important factor of export growth in Vietnam.

Impact of International Trade Cooperation and Distribution on Foreign Direct Investment: Evidence from Vietnam

  • NGUYEN, Chi Dieu Thi
    • Journal of Distribution Science
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    • v.20 no.4
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    • pp.77-83
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    • 2022
  • Purpose: This study aims to find the impact of international trade cooperation and distribution on foreign direct investment (FDI). The study also tests the impact of lag variables of trade cooperation and distribution on FDI in the future. Research design, data, and methodology: Autoregressive Distributed Lag model is applied to analyze the impact of chosen variables such as total trade (TRADE), trade openness (OPEN), the exchange rate (EXR), inflation (INF), and gross domestic growth (GDP) on FDI. Quarterly data is collected from Vietnam General Statistic Office, Vietnam General Department of Customs, International Monetary Fund, and The World Bank from 2006 to 2020. Stata 14 software is used to analyze the regression and test variables. Results: The findings indicate that TRADE, OPEN, INF, GDP, and their lags affect both positively and negatively on FDI in different periods. While OPEN still expresses an unclear impact on FDI. Moreover, this study proves that the FDI of a nation is influenced by international cooperation. Conclusions: This study indicates the importance of international trade cooperation and distribution in not only attracting foreign investment sources but also developing the economy. Findings are necessary bases for governments or authorities in signing international trade agreements in the future.

Corporate Debt Choice: Application of Panel Sample Selection Model (기업의 부채조달원 선택에 관한 연구: 패널표본선택모형의 적용)

  • Lee, Ho Sun
    • The Journal of the Korea Contents Association
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    • v.15 no.7
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    • pp.428-435
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    • 2015
  • When I examined the corporate financing statistics in Korea, I have recognized that there are several trends of them. First, large enterprises use bank loan and direct financing like corporate bond as debt. Second, small and medium companies mainly use bank loan only. So I argue that there is sample selection bias in corporate debt choice and using sample selection methodology is more adequate when analysing the behavior in corporate debt choice. Therefore I have tested panel sample selection model, using the listed korean firm data from 1990 to 2013 and I have found that the panel sample selection model is appropriate.

Prospects and Challenges of Palestinian Logistics System

  • Hassouna, Abdallah M.A.;Kim, Hyun-Duk
    • Journal of Korea Port Economic Association
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    • v.29 no.1
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    • pp.177-193
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    • 2013
  • The purpose of this paper is to shed the light on one of the most important influential factors for the development the Palestinian economy, which is logistics system. The discussion about the Palestinian state and its economy arise after the UN General Assembly voted to grant Palestine a nonmember state. Palestine is considered land-locked country, although it has seashore. Although Palestine has seashore, it is considered land-locked country due to the lack of sovereign logistics infrastructure. International Trade with Israel, Jordan, and Egypt is done through land border crossings. Palestinian international trade to European, Asian, and American countries is currently done through Israeli airports and seaports. Almost 99% of the Palestinian imports are through land. Israeli policies and procedures incur Palestinian exports additional transportation costs when delivering their products to Israeli ports and Airport and even when transit these cargos to neighboring countries through Israeli controlled areas. Therefore, without direct access to international markets, the Palestinian economy will not be able to compete in international markets, and will continue its dependence on the Israeli economy. Considering that the current situation will continue, alternative routes for international trade to avoid using the Israeli ports are Aqaba Port in Jordan and Port Said in Egypt. In the long term, having a seaport and Airport in Gaza, Airport in the West Bank, and constructing the Corridor connecting Gaza and the West Bank, is the only solution capable for independently integrating the Palestinian economy with the region and other countries in the world, and therefore creating competitive advantage for the Palestinian exports.

Floating-Poing Quantization Error Analysis in Subband Codes System

  • Park, Kyu-Sik
    • The Journal of the Acoustical Society of Korea
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    • v.16 no.1E
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    • pp.41-48
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    • 1997
  • The very purpose of subband codec is the attainment of data rate compression through the use of quantizer and optimum bit allocation for each decimated signal. Yet the question of floating-point quantization effects in subband codec has received scant attention. There has been no direct focus on the analysis of quantization errors, nor on design with quantization errors embedded explicitly in the criterion. This paper provides a rigorous theory for the modelling, analysis and optimum design of the general M-band subband codec in the presence of the floating-point quantization noise. The floating-point quantizers are embedded into the codec structure by its equivalent multiplicative noise model. We then decompose the analysis and synthesis subband filter banks of the codec into the polyphase form and construct an equivalent time-invariant structure to compute exact expression for the mean square quantization error in the reconstructed an equivalent time-invariant structure to compute exact expression for the mean square quantization error in the reconstructed output. The optimum design criteria of the subband codec is given to the design of the analysis/synthesis filter bank and the floating-point quantizer to minimize the output mean square error. Specific optimum design examples are developed with two types of filter of filter banks-orthonormal and biorthogonal filter bank, along with their perpormance analysis.

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Wideband VHF and UHF RF Front-End Receiver for DVB-H Application

  • Park, Joon-Hong;Kim, Sun-Youl;Ho, Min-Hye;Baek, Dong-Hyun
    • Journal of Electrical Engineering and Technology
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    • v.7 no.1
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    • pp.81-85
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    • 2012
  • This paper presents a wideband and low-noise direct conversion front-end receiver supporting VHF and UHFbands simultaneously. The receiver iscomposed of a low-noise amplifier (LNA), a down conversion quadrature mixer, and a frequency divider by 2. The cascode configuration with the resistor feedback is exploited in the LNA to achieve a wide operating bandwidth. Four gainstep modesare employed using a switched resistor bank and a capacitor bank in the signal path to cope with wide dynamic input power range. The verticalbipolar junction transistors are used as the switching elements in the mixer to reduce 1/f noise corner frequency. The proposed front-end receiver fabricated in 0.18 ${\mu}m$ CMOS technology shows very low minimum noise figureof 1.8 dB and third order input intercept pointof -12dBm inthe high-gain mode of 26.5 dBmeasured at 500 MHz.The proposed receiverconsumeslow current of 20 mA from a 1.8 V power supply.

The Effect of Financial Liberalization on Economic Growth: The Case of Egypt and Saudi Arabia

  • MANSOUR, Hoda;HASSAN, Soliman
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.11
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    • pp.203-212
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    • 2021
  • Theoretically, economic growth necessitates financial liberalization. Thus, the current research examines the effect of financial liberalization on economic growth in emerging nations, with a particular focus on Egypt and Saudi Arabia. To determine this effect, the study employs a model that uses Gross Domestic Product growth as the dependent variable and the following macroeconomic variables as financial liberalization indices: Broad money as a percentage of GDP, Domestic bank credit to the private sector as a percentage of GDP, Monetary sector credit to the private sector as a percentage of GDP, Net inflows of foreign direct investment as a percentage of GDP. All data is annual data of Egypt and the Kingdom of Saudi Arabia for the period 1970-2018 obtained from the World Bank open data website. The empirical investigation employs the Autoregressive Distributed Lag (ARDL) approach. The findings indicate that, after more than three decades of implementation, both countries' financial and external liberalization policies do not have a favorable effect on their economies' growth rates. Additionally, this study has led us to conclude that any financial liberalization policy in both countries must be preceded by the strengthening of these countries' financial development and institutional frameworks, as well as the achievement of macroeconomic stability.

Development of a Digital Receiver for Detecting Radar Signals (레이더 신호 탐지용 디지털수신기 개발)

  • Cha, Minyeon;Choi, Hyeokjae;Kim, Sunghoon;Moon, Byungjin;Kim, Jaeyun;Lee, Jonghyun
    • Journal of the Korea Institute of Military Science and Technology
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    • v.22 no.3
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    • pp.332-340
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    • 2019
  • Electronic warfare systems are needed to be advantageous in the modern war. Many radar threat signals with various frequency spectrums and complicated techniques exist. For detecting the threats, a receiver with wide and narrow-band digital processing is needed. To process a wide-band searching mode, a polyphase filter bank has become the architecture of choice to efficiently detect threats. A polyphase N-path filter aligns the re-sampled time series in each path, and a discrete Fourier transform aligns phase and separates the sub-channel baseband aliases. Multiple threats and CW are detected or rejected when the signals are received in different sub-channels. And also, to process a narrow-band precision mode, a direct down converter is needed to reduce aliasing by using a decimation filter. These digital logics are designed in a FPGA. This paper shows how to design and develop a wide and narrow-band digital receiver that is capable to detect the threats.

Role of Informal Sector Competition on Innovation in Urban Formal Manufacturing Enterprises in India

  • Shekar, K Chandra
    • Asian Journal of Innovation and Policy
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    • v.10 no.1
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    • pp.1-38
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    • 2021
  • The paper examines the role of the informal sector on innovation activities of urban formal manufacturing enterprises in India. It provides empirical evidence on firm-level linkages between formal and informal sectors by using the World Bank Enterprise Survey, 2013-14 and the Innovation Follow-up survey, 2014. Primarily, the paper aims to examine the effect of informal sector competition on innovation in urban formal manufacturing enterprises in India. Secondly, the paper analyses the mediation effect of informal sector competition on innovations in the urban manufacturing enterprises. It determines the direct and indirect influence of business regulations and constraints on innovation outcomes through the mediation effect of informal sector competition by using the SEM "Structural Equation Modeling" guidelines. The econometric results show that informal sector competition has a negative effect on the introduction of product innovations while industry-level informal sector competition has a positive effect on product innovation through the local knowledge spillovers from the informal to the formal sector. However, the informal sector competition was found to have no significant effect on the probability of introducing process innovations. Further, the results show the inhibitive role of informal sector competition on innovation in urban formal manufacturing enterprises is more severe for firms with heavy regulatory burdens and is relatively weakened in firms with resource constraints. This suggests that the informal sector plays an important role in the NIS (National Innovation System) in India.