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Investment in Research and Development in an Asian emerging economy: An overview and policy implications

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  • , Le Thanh Tung

Abstract

The Fourth Industrial Revolution is taking place strongly and affecting the production systems of countries worldwide. Investment in research and development (R&D) is seen as a pivotal strategy to promote economic growth and improve the competitiveness of the economies. This paper aims to analyze the investment in R&D in Vietnam, an emerging country that has successfully maintained robust economic growth in recent years. The study result shows that R&D investment in this economy has been still quite limited compared to the other countries in Asia. The low value of R&D investment would lead to a low level of technology in domestic production systems. Therefore, this evidence concludes a huge challenge for promoting high economic growth in the coming period. Finally, the paper provides some policy implications to promote investment in research and development in Vietnam in the coming period.

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  • , Le Thanh Tung, 2023. "Investment in Research and Development in an Asian emerging economy: An overview and policy implications," OSF Preprints 85adk, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:85adk
    DOI: 10.31219/osf.io/85adk
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    References listed on IDEAS

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    1. Barker, Tom & Üngör, Murat, 2019. "Vietnam: The next asian Tiger?," The North American Journal of Economics and Finance, Elsevier, vol. 47(C), pages 96-118.
    2. Jaideep Anand & Gerald McDermott & Ram Mudambi & Rajneesh Narula, 2021. "Innovation in and from emerging economies: New insights and lessons for international business research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(4), pages 545-559, June.
    3. Vithessonthi, Chaiporn & Racela, Olimpia C., 2016. "Short- and long-run effects of internationalization and R&D intensity on firm performance," Journal of Multinational Financial Management, Elsevier, vol. 34(C), pages 28-45.
    4. Changkyu Choi & Myung Hoon Yi, 2018. "The Internet, R&D expenditure and economic growth," Applied Economics Letters, Taylor & Francis Journals, vol. 25(4), pages 264-267, February.
    5. John Inekwe, 2015. "The Contribution of R&D Expenditure to Economic Growth in Developing Economies," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 124(3), pages 727-745, December.
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