Determinants of economic growth in Vietnam

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Determinants of economic growth in Vietnam

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This study explores factors that determine the economic growth in Vietnam by using time-series model in 1988-2013. The study shows that there are strong and positive effects of domestic investment and foreign direct investment on Vietnamese economic growth as a channel of increasing the stock of capital. Exchange rate and Asian financial crises also determine the economic growth. However, human capital and trade in Vietnam are not yet the channels that increase Vietnam’s economic growth.

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