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The Nexus Between Economic Integration And Growth: Application To Vietnam

Author

Listed:
  • HA MINH NGUYEN

    (Ho Chi Minh Open University, Vietnam)

  • NGOC HOANG BUI

    (Ho Chi Minh Open University, Vietnam†University of Labour and Social Affairs, Vietnam)

  • DUC HONG VO

    (Ho Chi Minh Open University, Vietnam)

Abstract

The paper examines the relationship between the economic integration and growth nexus in Vietnam using powerful quantitative methods, specifically the Autoregressive Distributed Lag (ARDL) and the Granger causality test. The study focuses on three types of economic integration, including overall integration, financial integration and trade integration, which affected economic growth in Vietnam from 1986 to 2015. The key finding from this study is that when three types of economic integration are considered together, integration provides positive impacts on economic growth. In addition, causal relationship exists between overall integration and financial integration, and between trade integration and financial integration. As such, financial integration is absolutely important to economic growth in Vietnam. On the grounds of these findings, the Vietnamese government should carefully outline socio-economic development strategies to maintain political stability and to derive benefits from economic integration and globalization.

Suggested Citation

  • Ha Minh Nguyen & Ngoc Hoang Bui & Duc Hong Vo, 2019. "The Nexus Between Economic Integration And Growth: Application To Vietnam," Annals of Financial Economics (AFE), World Scientific Publishing Co. Pte. Ltd., vol. 14(03), pages 1-16, September.
    • Handle: RePEc:wsi:afexxx:v:14:y:2019:i:03:n:s2010495219500143
    DOI: 10.1142/S2010495219500143
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    Citations

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    Cited by:

    1. Duc Hong Vo & Anh The Vo & Chi Minh Ho, 2020. "Does Financial Integration Enhance Economic Growth in China?," Economies, MDPI, vol. 8(3), pages 1-18, August.
    2. Manasseh Charles O. & Nwakoby Ifeoma C. & Okanya Ogochukwu C. & Ifediora Chuka U. & Nzidee Williams A., 2023. "The Impact of Foreign Direct Investment and Oil Revenue on Economic Growth in Nigeria," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 33(3), pages 61-85, September.
    3. Trang Thi-Huyen Dinh & Duc Hong Vo & Anh The Vo & Thang Cong Nguyen, 2019. "Foreign Direct Investment and Economic Growth in the Short Run and Long Run: Empirical Evidence from Developing Countries," JRFM, MDPI, vol. 12(4), pages 1-11, November.
    4. Nguyen Ngoc Thach & Bui Hoang Ngoc, 2021. "Impact of Economic Freedom on Corruption Revisited in ASEAN Countries: A Bayesian Hierarchical Mixed-Effects Analysis," Economies, MDPI, vol. 9(1), pages 1-16, January.
    5. Safwat Alaa & Salah Ashraf & Elsherif Marwa, 2021. "The Impact of Foreign Direct Investment on the Economic Growth of Egypt (1980-2018)," International Journal of Economics and Financial Issues, Econjournals, vol. 11(5), pages 74-85.

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