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The dynamic relationship between greenfield investments, cross-border M&As, domestic investment and economic growth in Vietnam
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dc.contributor.author | Nguyen, Hieu Thanh | |
dc.contributor.author | Luu, Hiep Ngoc | |
dc.contributor.author | Do, Ngoc Ha | |
dc.date.accessioned | 2020-08-13T09:30:04Z | |
dc.date.available | 2020-08-13T09:30:04Z | |
dc.date.issued | 2020-08-08 | |
dc.identifier.citation | Nguyen , H T , Luu , H N & Do , N H 2020 , ' The dynamic relationship between greenfield investments, cross-border M &As, domestic investment and economic growth in Vietnam ' , Economic Change and Restructuring , vol. First Online . https://doi.org/10.1007/s10644-020-09292-7 | en |
dc.identifier.issn | 1573-9414 | |
dc.identifier.other | PURE: 269344446 | |
dc.identifier.other | PURE UUID: 8076ce3d-3ad8-46ae-88d8-e6992777d04d | |
dc.identifier.other | WOS: 000557340400001 | |
dc.identifier.other | Scopus: 85089254459 | |
dc.identifier.uri | http://hdl.handle.net/10023/20459 | |
dc.description | Funding: NAFOSTED (grant number 502.02-2020.09). | en |
dc.description.abstract | This paper investigates the dynamic linkages between different types of foreign direct investment (FDI), domestic investment and economic growth in Vietnam. We decompose the aggregated FDI level into its two major components: greenfield investments, and cross-border mergers and acquisitions (M&As). The empirical results reveal that greenfield investments and cross-border M&As exhibit different impacts on economic growth. While greenfield investments appear to complement domestic investment, which subsequently promotes long-run economic growth, cross-border M&As exert a significant crowd-out effect and subsequently impede growth in both the short- and the long-run. These results provide important implications for policies to attract FDI in order to stimulate sustainable growth. | |
dc.format.extent | 25 | |
dc.language.iso | eng | |
dc.relation.ispartof | Economic Change and Restructuring | en |
dc.rights | Copyright © 2020 the Author(s). This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/. | en |
dc.subject | FDI | en |
dc.subject | Greenfield investments | en |
dc.subject | Cross-border M&As | en |
dc.subject | Domestic investment | en |
dc.subject | Growth | en |
dc.subject | SVAR | en |
dc.subject | HB Economic Theory | en |
dc.subject | HG Finance | en |
dc.subject | HJ Public Finance | en |
dc.subject | 3rd-DAS | en |
dc.subject.lcc | HB | en |
dc.subject.lcc | HG | en |
dc.subject.lcc | HJ | en |
dc.title | The dynamic relationship between greenfield investments, cross-border M&As, domestic investment and economic growth in Vietnam | en |
dc.type | Journal article | en |
dc.description.version | Publisher PDF | en |
dc.contributor.institution | University of St Andrews.School of Management | en |
dc.identifier.doi | https://doi.org/10.1007/s10644-020-09292-7 | |
dc.description.status | Peer reviewed | en |
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