Application in International Market Selection for the Export of Goods: A Case Study in Vietnam

Abstract

International market selection for conducting exports is based on various trade and economic factors. It is very important to understand how to efficiently trade with another country and to maintain consistency. However, such a consistency is not possible in the case of economics. Therefore, using an efficiency measure helps us to explore and benchmark a country’s exportation businesses. The main goal of this study is to develop an integrated data envelopment analysis (DEA) model to explore the most productive manner through which Vietnam exports goods to other countries. Exploring the most productive export business will help us achieve another goal of this study, which is the selection of international market efficiencies. The variables used for this analysis include the exports, total exports, import tariff, dollar exchange, and the ease of doing business. Based on the data collected from an international organization, on the 15 leading export markets in Vietnam, this study applied integrated DEA, which combines the super slack-based measure (Super SBM) and Malmquist Productivity Index (MPI) analysis to evaluate the export market efficiency. The findings show that for the selection of the export market, the three countries that were the most consistently efficient during 2014–2017 were Malaysia, Singapore, and the United States. This study indicates that the selection of international markets for developing countries should comply with low tariff rates, low exchange rates, and a higher ease of doing business in order to improve the gross domestic product (GDP) and economy of the country.

The Impacts of Bilateral Trade and Foreign Direct Investment on Malaysia’s Economic Growth: The Roles of Singapore

“…This confirms the position of Malaysia as an exportoriented country which highly dependent on export activities to compete in the international market. Interestingly, Wang and Le (2018) also report that Malaysia and Singapore are among the efficient international market selection for conducting exports. Therefore, Malaysia should take benefit from this comparative advantage, maintain a good relationship with Singapore and specialize its exportation of products to Singapore.…”

Spatiotemporal Heterogeneity of Agricultural Land Eco-Efficiency: A Case Study of 128 Cities in the Yangtze River Basin

“…The TC index depends on autonomous innovation or the introduction of advanced technology. The EC index is influenced by the efficiency of resource allocation, such as policy reforms [36,37]. For a municipality, ML, TC, and EC respectively larger than 1 signify an improvement in the eco-efficiency of agricultural land, technological progress, and efficiency; otherwise, a decrease.…”

The effect of regulatory performance on economic growth

“…The ease of doing business is a measure of the regulatory performance and is normally used as an independent variable to directly explain entrepreneurial well-being (Abreu et al, 2018), entrepreneurial intention (Griffiths et al, 2009), foreign direct investment (Asongu, 2013;Aziz, 2018;Bournakis et al, 2018;Corcoran & Gillanders, 2015), domestic investment (Asongu, 2013(Asongu, , 2015, exports (Wang & Le, 2018), business creation (Canare, 2018) as well as the growth of both small and medium enterprises (Obadić, 2015). However, within the growth literature, the ease of doing business and its direct relationship with economic growth remains underexplored (Asongu & Odhiambo, 2018;Bonga & Mahuni, 2018;Ncube et al, 2019).…”