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Impact of the State-owned Investment and Other Factors on Economic Growth with SGMM and Bayesian Approach: The Case of Vietnam

In: Recent Developments in Vietnamese Business and Finance

Author

Listed:
  • Thi Thanh Huong Tran
  • Thu Hang Pham

Abstract

This research focuses on the impact of the state-owned investment on economic growth in the case of Vietnam. System generalized method of moments (SGMMs) and minimum Bayes factor (MBF) are used with the dataset from 49 provinces of Vietnam. The results show that labor productivity of the state-owned sector (LP_S) has positively large impacts, while the number of working labors (LBs) and the rate of trained employees (RTEs) have no effect on economic growth. Additionally, implementing investment of the state-owned sector (II_S) and capital productivity (CP) negatively affected Vietnam’s economic growth during the period from 2013 to 2017. Hence, Vietnam needs to use the state-owned investment more effectively and reduce its proportion while increasing the proportion of non-state investment and FDI. Moreover, the labor productivity of state-owned sector should be strongly improved to promote economic growth in the future.

Suggested Citation

  • Thi Thanh Huong Tran & Thu Hang Pham, 2021. "Impact of the State-owned Investment and Other Factors on Economic Growth with SGMM and Bayesian Approach: The Case of Vietnam," World Scientific Book Chapters, in: Dong Phong Nguyen & Xuan Vinh Vo & Viet Tien Ho & Mai Dong Tran (ed.), Recent Developments in Vietnamese Business and Finance, chapter 27, pages 687-704, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811227158_0027
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    More about this item

    Keywords

    Vietnam; Business; Finance; Economy; Economics; Banking; Gender Equality; Management; Business Research;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • F3 - International Economics - - International Finance
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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