Aid and Foreign Direct Investment in Vietnam

Abstract

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.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 18 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.