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dc.contributor.authorNguyen, Hieu Thanh
dc.contributor.authorLuu, Hiep Ngoc
dc.contributor.authorDo, Ngoc Ha
dc.date.accessioned2020-08-13T09:30:04Z
dc.date.available2020-08-13T09:30:04Z
dc.date.issued2020-08-08
dc.identifier.citationNguyen , 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/s10644-020-09292-7en
dc.identifier.issn1573-9414
dc.identifier.otherPURE: 269344446
dc.identifier.otherPURE UUID: 8076ce3d-3ad8-46ae-88d8-e6992777d04d
dc.identifier.otherWOS: 000557340400001
dc.identifier.otherScopus: 85089254459
dc.identifier.urihttp://hdl.handle.net/10023/20459
dc.descriptionFunding: NAFOSTED (grant number 502.02-2020.09).en
dc.description.abstractThis 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.extent25
dc.language.isoeng
dc.relation.ispartofEconomic Change and Restructuringen
dc.rightsCopyright © 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.subjectFDIen
dc.subjectGreenfield investmentsen
dc.subjectCross-border M&Asen
dc.subjectDomestic investmenten
dc.subjectGrowthen
dc.subjectSVARen
dc.subjectHB Economic Theoryen
dc.subjectHG Financeen
dc.subjectHJ Public Financeen
dc.subject3rd-DASen
dc.subject.lccHBen
dc.subject.lccHGen
dc.subject.lccHJen
dc.titleThe dynamic relationship between greenfield investments, cross-border M&As, domestic investment and economic growth in Vietnamen
dc.typeJournal articleen
dc.description.versionPublisher PDFen
dc.contributor.institutionUniversity of St Andrews.School of Managementen
dc.identifier.doihttps://doi.org/10.1007/s10644-020-09292-7
dc.description.statusPeer revieweden


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