IMPACT OF CAPITAL INVESTMENT ON THE ECONOMIC GROWTH OF CITIES AND PROVINCES IN THE MEKONG DELTA FROM 2010 TO 2017

Main Article Content

Thuyen Thi Kim Nguyen
Nghi Quoc Nguyen
Phuong Hoang Nguyen

Abstract

The study was conducted to evaluate the impact of capital investment on the economic growth of cities and provinces in the Mekong Delta. The data were collected in 13 provinces and cities in the Mekong Delta in the period of 2010-2017 and it was collected in the spatial-temporal dimension. Therefore, it is appropriate to apply the panel data regression to the research model. The research results with the significance level of 90% pointed out several outcomes. In the structure of capital sources, private investment has the strongest impact on GRDP growth, followed by the state sector investment, while the foreign investment had no impact on the total output of the Mekong Delta’s cities and provinces. Besides, the study demonstrated that trained employees aged 15 and above, tourism revenue, and fishery production are factors that have a positive impact on the economic growth of the cities and provinces in the Mekong Delta.

Downloads

Download data is not yet available.

Article Details

How to Cite
Nguyen, T., Nguyen, N. and Nguyen, P. (2020) “IMPACT OF CAPITAL INVESTMENT ON THE ECONOMIC GROWTH OF CITIES AND PROVINCES IN THE MEKONG DELTA FROM 2010 TO 2017”, The Scientific Journal of Tra Vinh University, 1(4), pp. 115-128. doi: 10.35382/18594816.1.4.2020.410.
Section
Proceeding

References

[1] E. Cavallo and C. Daude. Public investment in developing countries: A blessing or a
curse? Journal of Comparative Economi. 2011; Vol. 39, no. 1: 65-81.
[2] Hadjimichael, M. T., and Ghura, D, Public policies and private savings and
investment in Sub-Saharan Africa: An empirical investigation. IMF Working Paper.
1995; Vol 19, Washington, D.C.
[3] Dritsaki, M., Dritsaki, C., và Adamopoulos, A.,. A causal relationship between trade,
foreign direct investment, and economic growth for Greece. American Journal of
Applied Sciences. 2004; Vol 1(3): 230–235.
[4] M. S. Khan and C. M. Reinhart. Private investment and economic growth in
developing countries. World Development. 1990; Vol. 18, no. 1, pp. 19-27.
[5] Benhabib, J. and Rustichini, A. Social Conflict and Growth. Journal of Economic
Growth. 1996; Vol 1: 112-146.
[6] Solow, R.M., A contribution of the theory of economic growth. Quarterly Journal of
Economics. 1956; Vol 70: 65-94.
[7] Badiane, O., J. Ulimwengu and T. Badibanga. Structural Transformation among
African Economies: Patterns and Performance. Development. 2012; 55(4): 463- 476.
[8] Nguyễn Hồ Minh Trang. Mối quan hệ giữa du lịch và tăng trưởng kinh tế ở tỉnh
Thừa Thiên Huế. Tạp chí Khoa học Trường Đại học Mở Thành phố Hồ Chí Minh.
2013; Số 1 (29).
[9] Kim Deok-Ki, Seo Jung-Soo. Does FDI inflow crowd out domestic investment in
Korea? Journal of Economic Studies. 2003; Vol 30, No 6: 605622
[10] Sử Đình Thành. Chi tiêu công và tăng trưởng kinh tế ở Việt Nam, Kiểm định nhân
quả trong mô hình đa biến. Tạp chí Phát triển Kinh tế. 2011; Số 252: 54-61, 34.
[11] Sử Đình Thành và Nguyễn Minh Tiến. Tác động của FDI đến tăng trưởng kinh tế
địa phương ở Việt Nam. Tạp chí Phát triển Kinh tế. 2014; Số 283: 21-41.
[12] Aviral Kumar Tiwari and Mihai Mutascu. Economic Growth and FDI in Asia: A
Panel-Data Approach. Economic Analysis và Policy. 2011; Vol 41 No 2: 173-187.
[13] Aschauer, D. A,. Public Investment And Productivity Growth In The Group Of Seven.
Economic Perspectives. 1989; Vol (13:5): 17-25.
[14] M. S. Oosterbaan, T. D. R. V.Steveninck, N. V. D. Windt. The determinants of
economic growth, London: Kluwer Academic Publishers; 2002.
[15] Aschauer, D. A,. Is public expenditure productive? Journal of Monetary Economics.
1989; Vol 23: 177–200.
[16] L. Erden and R. G. Holcombe,. The Linkage between public and private investment:
A co-integration analysis of a panel of developing countries. Eastern Economic
Journal. 2006; Vol. 32, No. 3: 479-492.
[17] Sergio Rebelo, Long-Run Policy Analysis and Long-Run Growth. Journal of
Political Economy. 1991; Vol 99, No 3: 500-520.
[18] Bukhari, A. S, L. Ali and M. Saddaquat. Public Investment and Economic Growth
in the Three Little Dragons: Evidence from Heterogeneous Dynamic Panel Data.
International Journal of Business and Information. 2007; 2, 1: 57-59.
[19] Akinlo, A., Foreign direct investment and growth in Nigeria. An empirical
investigation. Journal of Policy Modeling, Vol 26, pp: 627-639.
[20] Đặng Văn Cường và Bùi Thanh Hoài, 2014. Tác động của chi tiêu công đến tăng
trưởng kinh tế: Minh chứng dữ liệu chuỗi tại TP.Hồ Chí Minh. Tạp chí Phát triển &
Hội nhập, Số 18 (28), trang 27-33.
[21] J. Lucas and E. Robert, 1988. On the mechanics of economic development. Journal of
Monetary Economics, Vol. 22, no. 1, pp. 3-42.
[22] Đinh Phi Hổ và Từ Đức Hoàng, 2016. Tác động của vốn con người đến tăng trưởng
kinh tế ĐBSCL. Tạp chí Phát triển Kinh tế, Số 27 (2), trang 2-16.
[23] M. I. Blejer and M. S. Khan, 1984. Government Policy and Private Investment in
Developing Countries Staff Papers-International Monetary Fund, pp. 379-403.
[24] Baltagi, B. H. (2008). Econometric analysis of panel data. New York: John Wiley
and Sons, 366 pages.
[25] Ghani, E. and M. Din, 2006. The impact of public investment on economic growth
in Pakistan. The Pakistan Development Review, 45, 1: 87-98.
[26] N. G. Mankiw, D. Romer, and D. N. Weil, 1992. A contribution to the empirics of
economic growth. The Quarterly Journal of Economics. 2004; Vol. 107, No. 2: 407-
437.
[27] B. Fleisher, H. Li, and M. Q. Zhao. Human capital, economic growth, and regional
inequality in China. Journal of Development Economics. 2010; Vol. 92, No. 2: 215-
231.
[28] Mallick, Sushanta and Tomroe Moore. Foreign Capital in a Growth Model. Review
of Development Economics. 2008; 12: 143-59.
[29] Sahoo P., Dash R. K. and Nataraj G. Infrastructure development and economic
growth in China. Ide Discussion paper, 2010; No. 261: 1-33.
[30] Tanti Novianti, Amzul Rifin, Dian V. Panjaitan & Sri Retno Wahyu N. The
infractructure’s influence on the Asean Countries’ Economic Growth. Journal of
Economics and Development Studie. 2014; Vol. 2, No. 4: 243-254.
[31] Jwan. H and James. B. Public and Private Investment and Economic Development
in Iraq (1970-2010). International Journal of Social Science and Humanity. 2014;
vol 5, No 9: 743-751.