Foreign direct investment and trade: The case of Vietnam

Anwar, Sajid; Nguyen, Lan Phi

doi:10.1016/j.ribaf.2010.05.004

Cited by 69 publications

(46 citation statements)

References 56 publications

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“…The creation of ASEAN has gradually integrated the countries within this region. For example, Vietnam's joining of ASEAN has impacted positively its bilateral trade within the region (Anwar & Nguyen, 2011). Since then the ASEAN region experienced rapid growth in foreign direct investment (Kindra, Strizzi, & Mansor, 1998), and the total value of deals reached its highest level of $135 billion in 2007 (Metwalli & Tang, 2009).…”

Section: Introductionmentioning

confidence: 99%

Long-term performance of mergers and acquisitions in ASEAN countries

Rao‐Nicholson

Salaber

Cao

2016

Research in International Business and Finance

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The study looks at mergers and acquisitions (M&As) in ASEAN countries and examines the post-M&A performance using data from 2001 to 2012. The industry-adjusted operating performance tends to decline in the 3 years following an M&A. Yet, the results suggest that M&As completed during the financial crisis are more profitable than those implemented before and/or after the crisis. We argue that this is mainly due to the synergies created between the firms' resources during the crisis which augur well for firms' economic performance. We find that, during the crisis, certain characteristics of the firms like the relative size of the target, cross-border nature of deals, acquirer's cash reserves and friendly nature of deals are important determinants of long-term post-M&A operating performance.However, for M&As during the crisis, there appears to be no relationship between performance and firms' characteristics linked to M&A activity such as payment method, industry relatedness and percentage of target's share acquired.

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Section: Introductionmentioning

confidence: 99%

Long-term performance of mergers and acquisitions in ASEAN countries

Rao‐Nicholson

Salaber

Cao

2016

Research in International Business and Finance

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“…FDI also plays a paramount role in enhancing domestic production and hence increasing international competition which can reach international WTO standards. Anwar and Nguyen (2011) in their study, focused on the case of Vietnam by using a panel data involving 19 main trading partners during the period of 1990-2007 in particular pre, during and post the Asian financial crisis. They reached the conclusion that FDI has a strong and positive impact on economic growth especially after the Asian crisis through increasing net-exports in Vietnam although there was insignificant impact of FDI in boosting trade before and during the crisis.…”

Section: Fdi Impacts On Increasing Exportsmentioning

confidence: 99%

The Effects of Foreign Direct Investment on Economic Growth in Libya: A Causality Analysis

Abushhewa¹,

Zarook²

2016

OSJ

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This paper aims to analyse the causal relationship between Foreign Direct Investment (FDI) inflows and economic growth in Libya by using empirical analysis to examine FDI Led-Export (FLE) and Export Led-Growth (ELG) hypotheses, over the period, 1992-2010. Most of FDI inflows are concentrated in the oil sector of the Libyan economy, which led to make Libya as one of the Petroleum Exporting Countries around the world. However, the role of FDI, oil exports and GDP growth relationship in Libya is still unclear. Therefore, the major focus of this paper is to explore this relationship through employing Vector Autoregressive (VAR) Model on the relevant variables which are FDI inflows, Oil exports and GDP growth. Our results confirm that there is a long-term relationship between FDI and increasing oil exports, and economic growth in Libya.

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“…In sum, reflecting the results for other countries, previous results for Vietnam suggest some degree of positive spillovers, especially in cross‐section analysis, but results vary markedly depending on specification, sample, and productivity measures, and evidence from panel analysis is relatively weak . And although there are studies of trade liberalisation (Athukorala ; Anwar and Nguyen ; Bui and Kobayashi ), we know of no study that has investigated the interaction between the trade protection and productivity spillovers in Vietnam.…”

Section: The Literature and The Analytical Frameworkmentioning

confidence: 99%

Productivity spillovers from foreign multinationals and trade protection: firm-level analysis of Vietnamese manufacturing

2015

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This paper examines how the presence of foreign multinational enterprises (MNEs) affects productivity in domestic private firms in Vietnamese manufacturing in 2005–10. The paper also examines how import protection has affected these productivity spillovers and how spillovers from wholly foreign MNEs and joint ventures differ. The most consistent result suggests wholly foreign MNEs impart negative spillovers while joint ventures tend to generate positive spillovers. Theory and random effects estimates also indicate that import protection reduces local firm productivity and weakens the effect of spillovers from all MNEs; but this result is not obtained when a fixed effects estimator is used. Results are similar in samples of labour‐intensive industries, which include close to three fourths of all sample firms, but differ markedly for more capital‐intensive groups.

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Foreign direct investment and trade: The case of Vietnam

Cited by 69 publications

References 56 publications

Long-term performance of mergers and acquisitions in ASEAN countries

Long-term performance of mergers and acquisitions in ASEAN countries

The Effects of Foreign Direct Investment on Economic Growth in Libya: A Causality Analysis

Productivity spillovers from foreign multinationals and trade protection: firm-level analysis of Vietnamese manufacturing

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