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Exchange rate stability and new entrepreneurs: empirical evidence in Vietnam

Author

Listed:
  • Linh Duy Bui
  • Chang Won Lee
  • Huu Phuoc Le
  • Duy Duong
  • Ngoc Quang Anh Huynh

Abstract

This paper examines the macroscopic determinants such as the asymmetries of the exchange rate and equity index of the number of newly established firms from Vietnam's perspectives. Employing a rich set of econometric techniques with weekly data from the first week of 2016 to October 2018, we attempt to shed further light on what drives the change of a number of Vietnamese companies registered and the amount of money invested in businesses. This paper serves as a foundation for future studies on the relationship between exchange rate stability and the decision to start up as well as a reference source for the decision-making process of both investors and policymakers in the context of the national entrepreneurship campaign.

Suggested Citation

  • Linh Duy Bui & Chang Won Lee & Huu Phuoc Le & Duy Duong & Ngoc Quang Anh Huynh, 2022. "Exchange rate stability and new entrepreneurs: empirical evidence in Vietnam," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 24(3), pages 408-424.
  • Handle: RePEc:ids:ijecbr:v:24:y:2022:i:3:p:408-424
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