The origin of FDI and domestic firms’ productivity—Evidence from Vietnam |
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| Institution: | 1. Department of Economics and Management, University of Ferrara, Ferrara, Italy;2. c.MET05 – National University Centre for Applied Economics, Italy;3. Department of Law, University of Macerata, Macerata, Italy;4. School of Economics and Management, University of Chinese Academy of Sciences, Beiing, China;1. University of Economics and Business, Vietnam National University, 144 Xuan Thuy Road, Cau Giay District, Hanoi, Viet Nam;2. Ho Chi Minh National Academy of Politics, Viet Nam;1. University of Economics Ho Chi Minh City, 59C Nguyen Dinh Chieu, District 3, Ho Chi Minh City, Vietnam;2. CFVG Ho Chi Minh City, 91 Ba Thang Hai Street, District 10, Ho Chi Minh City, Vietnam |
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| Abstract: | This study examines how the origin of foreign investors affects the degree of horizontal and vertical technological spillovers, using firm-level panel data from Vietnam in 2002–2011. The results show a positive association between the presence of Asian firms in downstream sectors and the productivity of Vietnamese firms in supply industries, but no significant relationship in the case of European and North American affiliates. Within Asia, we find that foreign direct investment from China and Taiwan generates positive vertical spillovers to local suppliers. We hypothesize that distance, preferential trade agreements, and institutional or technological differences that affect the degree of local sourcing significantly impact vertical spillovers from foreign direct investment. The horizontal spillover effects are in general negative and statistically significant. Various robustness checks are performed. |
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| Keywords: | FDI Spillovers Total factor productivity Vietnam |
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