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Factors affecting the economic growth in the Mekong Delta

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  • Nguyen Kim Phuoc

    (Ho Chi Minh City Open University, Vietnam)

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.

Suggested Citation

  • Nguyen Kim Phuoc, 2015. "Factors affecting the economic growth in the Mekong Delta," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 5(2), pages 37-50.
    • Handle: RePEc:bjw:econen:v:5:y:2015:i:2:p:37-50
    DOI: 10.46223/HCMCOUJS.econ.en.5.2.1008.2015
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