Foreign direct investment and trade: The case of Vietnam

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• 作者：Sajid Anwar ; Lan Phi Nguyen
• 关键词：Foreign direct investment ; Vietnam ; Asian financial crisis
• 刊名：Research in International Business and Finance
• 出版年：2011
• 出版时间：January 2011
• 年：2011
• 卷：25
• 期：1
• 页码：39-52
• 全文大小：232 K

文摘

By making use of a gravity model, this paper examines the impact of FDI on exports, imports and net export of Vietnam. The empirical analysis presented in this paper is based on a recently released panel dataset involving Vietnam's 19 major trading partners for the period 1990–2007. The paper also considers the impact of FDI on trade during three sub-periods: the pre-Asian financial crisis, the post-Asian financial crisis and during the Asian financial crisis period. The empirical analysis reveals that a complementary relationship exists between FDI and exports and FDI and imports. While the impact of FDI on net-exports is insignificant during the full sample period, a significant positive relationship exists between net-exports and FDI in the post-Asian financial crisis period.