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- Title
Aid and Foreign Direct Investment in Vietnam.
- Authors
Wang, Chengang; Balasubramanyam, V. N.
- Abstract
This short paper explores the complementarity between foreign aid and foreign direct investment (FDI). Recent studies on aid concluded that aid should come to an end or be reduced with a radical modification of the terms and conditions and FDI and trade should replace aid as the engine of development. In this paper, we argue that aid complements FDI and advances the efficacy of FDI in promoting growth and development in the developing countries. Using data from the provinces in Vietnam, the statistical analysis suggests that aid has a positive impact on inflows of FDI and aid can complement FDI in promoting economic growth.JEL Classification: F21, F35, O19
- Subjects
VIETNAM; RADICAL economics; FOREIGN investments; ECONOMIC development; QUANTITATIVE research; DEVELOPING countries
- Publication
Journal of Economic Integration, 2011, Vol 26, Issue 4, p721
- ISSN
1225-651X
- Publication type
Article
- DOI
10.11130/jei.2011.26.4.721