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Determinants of capital flows to emerging economies - Evidence from Vietnam

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  • Vo, Xuan Vinh

Abstract

This paper examines the determinants of capital flows to emerging economies. We analyze the determinants of foreign direct investment (FDI) flows into Vietnam as a unique case. The paper contributes to the current literature in the sense that we focus on the characteristics of the source countries and bilateral relationship between the source and destination countries. Employing different econometric techniques, our results confirm the push factor determinants of FDI. Further, the paper highlights the importance of bilateral relationship between the source and the destination countries in attracting FDI.

Suggested Citation

  • Vo, Xuan Vinh, 2018. "Determinants of capital flows to emerging economies - Evidence from Vietnam," Finance Research Letters, Elsevier, vol. 27(C), pages 23-27.
    • Handle: RePEc:eee:finlet:v:27:y:2018:i:c:p:23-27
    DOI: 10.1016/j.frl.2018.02.031
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    References listed on IDEAS

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    Cited by:

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    2. Xiangyu Chen & Muhammad Safdar Sial & Dang Khoa Tran & Waseem Alhaddad & Jinsoo Hwang & Phung Anh Thu, 2020. "Are Socially Responsible Companies Really Ethical? The Moderating Role of State-Owned Enterprises: Evidence from China," Sustainability, MDPI, vol. 12(7), pages 1-19, April.
    3. Huong, Pham Thu, 2022. "Foreign bank penetration in Vietnam following Vietnam’s accession to the WTO: matching expectations with reality," OSF Preprints fkhbt, Center for Open Science.
    4. Ferry Syarifuddin & Maman Setiawan, 2021. "Capital Flow Amid The Covid-19 Pandemic: Cross-Country Contagion Effect Among Asean5 And Projection Of The Impacts For The Indonesian Economy," Working Papers WP/08/2021, Bank Indonesia.
    5. Chen, Lin & Cheng, Chen, 2023. "Emigration and outward FDI in China: Key role of institutional quality," Finance Research Letters, Elsevier, vol. 51(C).
    6. Choi, Paul Moon Sub & Chung, Chune Young & Vo, Xuan Vinh & Wang, Kainan, 2020. "Are better-governed firms more innovative? Evidence from Korea," International Review of Economics & Finance, Elsevier, vol. 69(C), pages 263-279.
    7. Keilla Dayane Silva-Oliveira & Edson Keyso Miranda Kubo & Michael J. Morley & Rodrigo Médici Cândido, 2021. "Emerging Economy Inward and Outward Foreign Direct Investment: A Bibliometric and Thematic Content Analysis," Management International Review, Springer, vol. 61(5), pages 643-679, October.
    8. Hock Tsen Wong, 2022. "Asymmetric Real Exchange Rate and Foreign Direct Investment Determinants: An Empirical Study of Malaysia," Capital Markets Review, Malaysian Finance Association, vol. 30(2), pages 19-37.

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    More about this item

    Keywords

    Emerging economies; foreign direct investment; Push factors; Vietnam;
    All these keywords.

    JEL classification:

    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • F30 - International Economics - - International Finance - - - General

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