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SCOPUS 학술저널

Aid and Foreign Direct Investment in Vietnam

Aid and Foreign Direct Investment in Vietnam

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This short paper explores the complementarity between foreign aid and foreign direct investment (FDI). Recent studies on aid concluded that aid should come to an end or be reduced with a radical modification of the terms and conditions and FDI and trade should replace aid as the engine of development. In this paper, we argue that aid complements FDI and advances the efficacy of FDI in promoting growth and development in the developing countries. Using data from the provinces in Vietnam, the statistical analysis suggests that aid has a positive impact on inflows of FDI and aid can complement FDI in promoting economic growth.

Ⅰ. Introduction

Ⅱ. Growth and Development Record of Vietnam

Ⅲ. Size and Pattern of FDI in Vietnam

Ⅳ. Size and Pattern of Aid in Vietnam

Ⅴ. Econometric Analysis of Aid and FDI in Vietnam

Ⅵ. Conclusions

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