Foreign Direct Investment and Export Decisions of Vietnamese Enterprises
Main Article Content
Abstract
This research quantifies the impact of foreign direct investment (FDI) on the export decisions of Vietnamese enterprises. To control the problem of sample selection bias, this study employs the Heckman model (1979) estimated for two equations on export participation and rate. Unlike previous researches, which mainly rely on one single proxy of FDI, this research adopts sensititivy analysis through the estimation of a model with two representative variables for FDI. It is indicated that FDI has a positive impact on the export decisions of Vietnamese enterprises. Nonetheless, FDI has an insignificant effect on the export rate of Vietnamese enterprises.
Keywords:
FDI, export decision (s), Heckman model, Vietnam.
References
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[11] S. Anwar, P.L. Nguyen, Foreign direct investment and export spillovers: Evidence from Vietnam, International Business Review 20 (2011) 177-193.
[12] D.T.H. Nguyen, T.A. Pham, The export spillover effect from FDI in the manufacturing industry in Vietnam, Journal of Economic Development, 263 (2012) 11-19 (in Vietnamese).
[2] D.P. Rosenbloom, J. Marshallian, Factor Market Externalities and the Dynamics of Industrial Location, Journal of Urban Economics 28(3) (1990) 349-70.
[3] R.E. Caves, Multinational Enterprise and Economic Analysis, Cambridge: Cambridge University Press, 1996.
[4] B.J. Aitken, H. Görg, E. Strobl, Spillovers, Foreign Investment, and Export Behavior, Journal of International Economics 43 (1997) 103-32.
[5] R. Smeets, Collecting the pieces of the FDI knowledge spillovers puzzle, World Bank Research Observer 23(2) (2008) 107-38.
[6] S. Sun, How does FDI Affect Domestic Firms’ exports? Industrial Evidence, The World Economy 32 (2009) 1203-1222.
[7] A.M. Kokko, M. Zejan, R. Tansini, Trade Regimes and Spillover Effects of FDI: Evidence from Uruguay, Review of World Economics, 137 (2001) 124-49.
[8] D. Greenaway, N. Sousa, K. Wakelin, Do Domestic Firms Learn to Export from Multinationals? European Journal of Political Economy 20(4) (2004) 1027-1043.
[9] I.R. Kneller, M. Pisu, Industrial linkages and export spillovers from FDI, The World Economy 30(1) (2007) 105-134.
[10] T. Buck, X. Liu, Y. Wei, X. Liu, The trade development path and export spillovers in China: A missing link?, Management International Review 47(5) (2007) 683-706.
[11] S. Anwar, P.L. Nguyen, Foreign direct investment and export spillovers: Evidence from Vietnam, International Business Review 20 (2011) 177-193.
[12] D.T.H. Nguyen, T.A. Pham, The export spillover effect from FDI in the manufacturing industry in Vietnam, Journal of Economic Development, 263 (2012) 11-19 (in Vietnamese).