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Globalization and innovation: Evidence from Vietnamese small and medium sized enterprises

Author

Listed:
  • Ba Hoang Nguyen

    (Department of Finance and Accounting Management, Ho Chi Minh City University of Law, Ho Chi Minh City, Vietnam)

  • Ho Hoang Gia Bao

    (Department of Finance and Accounting Management, Ho Chi Minh City University of Law, Ho Chi Minh City, Vietnam)

  • Hoang Phong Le

    (Department of Finance and Accounting Management, Ho Chi Minh City University of Law, Ho Chi Minh City, Vietnam)

  • Tram B.T. Tran

    (Department of Finance and Accounting Management, Ho Chi Minh City University of Law, Ho Chi Minh City, Vietnam)

  • Thanh An Vu

    (Department of Finance and Accounting Management, Ho Chi Minh City University of Law, Ho Chi Minh City, Vietnam)

Abstract

The purpose of this research is to investigate how globalization affects innovation in Vietnam’s small and medium sized enterprises (SMEs). Utilizing Probit model and the data from Vietnam’s SMEs Survey during the period 2005-2015, the research examines the micro and macro effects of globalization on the innovation of these businesses. The main results show that at macro level, globalization is negatively correlated with innovation. However, at micro level, increasing competition pressure and knowledge transfer due to globalization are positively correlated with innovation of Vietnam’s SMEs.

Suggested Citation

  • Ba Hoang Nguyen & Ho Hoang Gia Bao & Hoang Phong Le & Tram B.T. Tran & Thanh An Vu, 2023. "Globalization and innovation: Evidence from Vietnamese small and medium sized enterprises," Economic Analysis Letters, Anser Press, vol. 2(4), pages 19-27, July.
    • Handle: RePEc:bba:j00004:v:2:y:2023:i:4:p:19-27:d:170
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    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. John Sutton, 2007. "Quality, Trade and the Moving Window: The Globalisation Process," Economic Journal, Royal Economic Society, vol. 117(524), pages 469-498, November.
    3. Niklas Potrafke, 2015. "The Evidence on Globalisation," The World Economy, Wiley Blackwell, vol. 38(3), pages 509-552, March.
    4. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    5. Martin Wolf, 2003. "Is Globalisation in Danger?," The World Economy, Wiley Blackwell, vol. 26(4), pages 393-411, April.
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    3. Jianlong Wang & Haitao Wu & Yong Liu & Weilong Wang, 2024. "Going out and bringing in: Exploring the impact of OFDI on green innovation performance under firms' digital transformation strategies," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(4), pages 2428-2442, June.

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