Warianty tytułu
Języki publikacji
Abstrakty
Objective: The objective of the article is to examine the importance of absorptive capacity in the relationship between foreign direct investment and economic performance in 63 Vietnamese provinces from 2007 to 2015.
Research Design & Methods: The absorptive capacity at provincial level includes six components tested by confirmatory factor analysis, which allows for the argument that absorptive capacity of domestic firms is an important component of absorptive capacity of provinces. Besides this one, there are five other components, including financial development, human capital, the level of openness, the absorptive capacity of domestic firms, institutions, and infrastructure. The generalized two-stages least squares (G2SLS) random effect with instrumental variables regression is used with panel data.
Findings: Firstly, foreign direct investment has a positive impact on the development of the 63 provinces in Vietnam. Secondly, among the six components, the four most important ones are infrastructure, the level of openness, human capital, and the absorptive capacity of domestic firms. Moreover, the article finds that foreign direct investment can bring negative impacts to provinces with a low level of trade openness.
Implications & Recommendations: The government should focus on infrastructure, trading policy, human capital and capability of domestic firms.
Contribution & Value Added: There is a lack of connection between absorptive capacity at the firm level and the macro level. Therefore, this article attempts to create this connection by constructing absorptive capacity at the firm level as a component of absorptive capacity at the provincial level. (original abstract)
Research Design & Methods: The absorptive capacity at provincial level includes six components tested by confirmatory factor analysis, which allows for the argument that absorptive capacity of domestic firms is an important component of absorptive capacity of provinces. Besides this one, there are five other components, including financial development, human capital, the level of openness, the absorptive capacity of domestic firms, institutions, and infrastructure. The generalized two-stages least squares (G2SLS) random effect with instrumental variables regression is used with panel data.
Findings: Firstly, foreign direct investment has a positive impact on the development of the 63 provinces in Vietnam. Secondly, among the six components, the four most important ones are infrastructure, the level of openness, human capital, and the absorptive capacity of domestic firms. Moreover, the article finds that foreign direct investment can bring negative impacts to provinces with a low level of trade openness.
Implications & Recommendations: The government should focus on infrastructure, trading policy, human capital and capability of domestic firms.
Contribution & Value Added: There is a lack of connection between absorptive capacity at the firm level and the macro level. Therefore, this article attempts to create this connection by constructing absorptive capacity at the firm level as a component of absorptive capacity at the provincial level. (original abstract)
Rocznik
Tom
Numer
Strony
7--26
Opis fizyczny
Twórcy
autor
- Tomas Bata University in Zlin, Czech Republic
autor
- Tomas Bata University in Zlin, Czech Republic
Bibliografia
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- Bell, M., & Pavitt, K. (1992). Accumulating Technological Capability in Developing Countries. World Bank Economic Review, (S), 257-281.
- Borensztein, E., De Gregorio, J., & Lee, J.-W. (1998). How does foreign direct investment affect economic growth?. Journal of International Economics, 45, 115-135. https://doi.org/10.1080/10978526.2010.486715
- Carkovic, M., & Levine, R. (2005). Does Foreign Direct Investment Accelerate Economic Growth?. In T. Moran, E. Graham, & M. Blomstrom (Eds.), Does Foreign Direct Investment Promote Development? (pp. 195-220). Washington DC: Peterson Institute for International Economics.
- Cohen, W.M., & Levinthal, D.A. (1989). Innovation and Learning: The Two Faces of R & D. The Economic Journal, 99(397), 569-596. Retrieved from http://www.jstor.org/stable/2233763 on January 20, 2019.
- Cohen, W. M., & Levinthal, D.A. (1994). Fortune Favors the Prepared Firm. Management Science, 40(2), 227-251.
- Cohen, W.M., & Levinthal, D.A. (1990). Absorptive Capacity: A New Perspective on Learning and Innovation. Administrative Science Quarterly, 35(1), 128-152. Retrieved from http://www.jstor.org/stable/2393553 on May 21, 2019.
- Durham, J.B. (2004). Absorptive capacity and the effects of foreign direct investment and equity foreign portfolio investment on economic growth. European Economic Review, 48(2), 285-306. https://doi.org/10.1016/S0014-2921(02)00264-7
- Fu, X. (2008). Foreign Direct Investment, Absorptive Capacity and Regional Innovation Capabilities: Evidence from China. Oxford Development Studies, 36(1). https://doi.org/10.1080/13600810701848193
- Lai, M., Peng, S., & Bao, Q. (2006). Technology spillovers, absorptive capacity and economic growth. China Economic Review, 17(3), 300-320. https://doi.org/10.1016/j.chieco.2006.04.005
- Lane, P.J., Koka, B.R., & Pathak, S. (2006). The reification of absorptive capacity: A critical review and rejuvenation of the construct. Academy of Management Review, 31(4), 833-863. https://doi.org/10.5465/AMR.2006.22527456
- Lane, P.J., & Lubatkin, M. (1998). Relative absorptive capacity and interorganizational learning. Strategic Management Journal, 19(5), 461-477. https://doi.org/10.1002/(SICI)1097-0266(199805)19:5<461::AID-SMJ953>3.0.CO;2-L
- Malesky, E., & Taussig, M. (2009). Out of the Gray: The Impact of Provincial Institutions on Business Formalization in Vietnam. Journal of East Asian Studies, 9(2), 249-290. Retrieved from http://10.0.3.249/S1598240800003003 on June 21, 2019.
- Nguyen, H.T., Duysters, G., Patterson, J.H., & Sander, H. (2009). Foreign Direct Investment Absorptive Capacity Theory.
- Schillaci, C.E., Romano, M., & Nicotra, M. (2013). Territory's Absorptive Capacity. Entrepreneurship Research Journal, 3(1), 109-126. Retrieved from http://10.0.5.235/erj-2012-0001 on May 21, 2019.
- Szulanski, G. (1996). Exploring internal stickiness: Impediments to the transfer of best practice within the firm. Strategic Management Journal, 17(S2), 27-43. https://doi.org/10.1002/smj.4250171105
- Thang, T.T., Pham, T.S.H., & Barnes, B.R. (2016). Spatial Spillover Effects from Foreign Direct Investment in Vietnam. Journal of Development Studies, 52(10), 1431-1445. Retrieved from http://www.tandfonline.com/loi/fjds20 on May 21, 2019
- Zahra, S.A., & George, G. (2002). Absorptive Capacity: A Review, Reconceptualization, And Extension. Academy of Management Review, 27(2), 185-203.
- Resolution 02/NQ-CP dated 01/01/2019 on Về Tiếp Tục Thực Hiện Những Nhiệm Vụ, Giải Pháp Chủ Yếu Cải Thiện Môi Trường Kinh Doanh, Nâng Cao Năng Lực Cạnh Tranh Quốc Gia Năm 2019 Và Định Hướng Đến Năm 2021 [Solutions to improve business environment and national competi-tiveness in 2019, toward 2021]. Retrieved from https://thuvienphapluat.vn/ on May 21, 2019.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171594153
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