THE IMPACTS OF TRADE OPENNESS ON INDUSTRIAL PERFORMANCE AT REGIONAL AND PROVINCIAL LEVELS IN VIETNAM
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This paper aims to investigate the impacts of external liberalization on Vietnamese industrial performance at both regional and provincial levels. To this end, the authors review regional and provincial economic and manufacturing performance in Vietnam during the period of vigorous reforms of the Doi Moi and external liberalization (1995-2015). The paper employs the fixed effect regression to test the relation of industrial performance, economic growth and trade liberalization at both regional and provincial levels. The estimation results suggest that FDI inflows and trade openness play important roles in accelerating industrial performance at both the regional and provincial levels in Vietnam. Regions and provinces with better infrastructure seem to accumulate more benefits from trade liberalization as well as FDI which suggests that provincial authorities should invest in building new and more modern infrastructure and also formulating rules and regulations governing FDI inflows.
Abstract
This paper aims to investigate the impacts of external liberalization on Vietnamese industrial performance at both regional and provincial levels. To this end, the authors review regional and provincial economic and manufacturing performance in Vietnam during the period of vigorous reforms of the Doi Moi and external liberalization (1995-2015). The paper employs the fixed effect regression to test the relation of industrial performance, economic growth and trade liberalization at both regional and provincial levels. The estimation results suggest that FDI inflows and trade openness play important roles in accelerating industrial performance at both the regional and provincial levels in Vietnam. Regions and provinces with better infrastructure seem to accumulate more benefits from trade liberalization as well as FDI which suggests that provincial authorities should invest in building new and more modern infrastructure and also formulating rules and regulations governing FDI inflows.
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