--

5 (2) 2015

Factors affecting the economic growth in the Mekong Delta


Author - Affiliation:
Nguyen Kim Phuoc - Ho Chi Minh City Open University , Vietnam
Corresponding author: Nguyen Kim Phuoc - phuoc.nk@ou.edu.vn

Abstract
The objective of the study is to find out factors affecting the economic growth (GDP) of the 13 provinces/cities in the Mekong Delta. The study used secondary data from Statistical Yearbook of Statistical Office of 13 provinces cities in the Mekong Delta in the period of 2005-2014 . The study included 12 independent variables which impact on the ability of the local GDP method, which has turned "economic crisis" to a dummy variable. With technical analysis panel regression, regression of GDP variables is made by macro factors and local characteristics. This study has found that the elements of economic crisis had a stronger impact and adverse effects on GDP. In addition, factors such as the state capital, private investment in the country, the situation of balancing the state budget revenues and expenditures, the open economy, inflation, and the total workforce retail sales also affect GDP. In particular, most of the variables are affected in the same way except two variables GDP which is inflation and balance of payment of the state budget (mixed impacts). From the research findings, some recommendations are proposed to promote economic growth of the Mekong Delta.

Keywords
GDP (Gross Domestic Product); crisis; Mekong Delta.

Full Text:
PDF

References

Acar, S., Eris, B. & Tekce, M. (2012). The effect of foreign direct investment on domestic investment: Evidence from MENA countries. European Trade Study Group (ETSG) 14th Annual Conference, September, Leuven.


Afonso, A., Schuknecht, L. & Tanzi, V., (2010). Public sector efficiency: evidence for new EU member states and emerging markets. Applied Economics, 42, 17, 2147-2164.


Anwar, S. & Nguyen, L. P., (2010). Foreign direct investment and economic growth in Vietnam. Asia Pacific business review, 16, 1-2, 183-202.


Barro, R. & Sala, X., (1995). Economic, Growth, McGraw-Hill.


Braunstein, E. & Epstein, G., (2002). Bargaining power and foreign direct investment in China: Can 1.3 billion consumers tame the multinationals?


Breusch, T. S., and Pagan, A. R., (1979). A Simple Test for Heteroscedasticity and Random Coefficient Variation. Econometrica , Vol. 47, No. 5 (Sep., 1979), pp. 1287-1294.


David B., Stanley F., Rudiger D., (2007). Economics, teacher group in the department of Economics – National Economics University translated, Staticstic Publisher, Hanoi.


Dunning, J. H. & Buckley, P. J., (1977). International production and alternative models of trade. The Manchester School, 45, 4, 392-403.


Dunning, J. H., (1973). The determinants of international production. Oxford economic papers, Vol. 25, No. 3 (Nov., 1973), pp. 289-336.


Dunning, J. H., (1981). Explaining the international direct investment position of countries: towards a dynamic or developmental approach. Weltwirtschaftliches Archiv, 117, 1, 30-64.


Globerman, S. & Shapiro, D., (2003). Governance infrastructure and US foreign direct investment. Journal of International Business Studies, 34, 1, 19-39.


Gujarati, D. N., (2012). Basic econometrics, Tata McGraw-Hill Education.


Heckscher, E. F. & Ohlin, B. G., (1991). Heckscher-Ohlin trade theory, The MIT Press.


Hymer, S. H., (1976). The international operations of national firms: A study of direct foreign investment, MIT press Cambridge, MA.


Lin, S. A., (1994). Government spending and economic growth. Applied Economics, 26, 1, 83-94.


Mankiw, N. G., Romer, D. & Weil, D. N. (1990). A contribution to the empirics of economic growth. National Bureau of Economic Research.


Nguyen Minh Tien (2014). Foreign direct investment and economic growth in the regions of Vietnam, doctoral thesis in Economics, University of Economics. Ho Chi Minh.


Nguyen Phi Lan (2006). Foreign Direct Investment and its linkage to economic growth in Vietnam: A Provincial Analysis, Centre for Regulation and Market Analysis University of South Australia, Adelaide, SA 5001, Australia.


Nguyen Van Phuc and Nguyen Dai Hiep (2011). Factors affecting foreign investment attracted by the provinces/cities in Vietnam: A cross-analysis of data. Journal of Science Ho Chi Minh City Open City University, No. 02 (2) 2011, page 9 -19.


Ricardo, D. (1951). On the Principles of Political Economy and Taxation, 1st edn 1817, 3rd edn 1821. In vol. I of The Works and Correspondence of David Ricardo, edited by Piero Sraffa with the collaboration of Maurice H. Dobb. Cambridge: Cambridge University Press.


Samuelson, P. A. & Nordhaus, W. D., (2006). Economic [Economic Theory] (Full Set 2 Episode). Volume 2.


Senturk, S. S., (2010). Total Factor Productivity Growth in Turkish Manufacturing Industries: A Malmquist Productivity Index Approach. Master of Science Thesis. Royal Institute of Technology, School of Architecture and the Built Environment.


Solomon, E. M., (2011). Foreign direct investment, host country factors and economic growth. Ensayos Revista de Economia, 30, 1, 41-70.


Solow, R. M., (1956). A contribution to the theory of economic growth. The quarterly journal of economics, 65-94.


Tanzi, V. & Schuknecht, L., (2000). Public spending in the 20th century: A global perspective, Cambridge University Press.


Wagner, A., (1983). Grundlegung der politischen Okonemie, 3 rd ed., Leipzig.


Wooldridge, Je¤rey M., (2002). Econometric Analysis of Cross Section and Panel Data, The MIT Press Cambridge, Massachusetts, London, England.



DOI: https://doi.org/10.46223/HCMCOUJS.econ.en.5.2.1008.2015
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.