The Impact of International Trade on Economic Growth in Vietnam 1990 - 2015

The study examines the impact of exports, imports, gross capital formation, and exchange rate on the economic growth of Vietnam. The empirical analysis is conducted by using time series data from 1990-2015. The study employed regression analysis as the method of analysis using cointegration and vector error correction techniques (VECM) to find the long-run relationship between growth rate of the gross domestic product, exports, imports, gross capital formation, and exchange rate. The estimated results show that there is a long-run equilibrium relationship among dependent variables and independent variables. The results also indicate that the import and gross capital formation has a positive and significant influence on the economy of Vietnam, the exchange rate has positive and insignificant on economic growth. Meanwhile, import has a negative impact on economic growth. It concludes that international trade can play a major role in boosting Vietnam's economic growth. Keywords: Exports, imports, gross capital formation, exchange rate, and economic growt

The Impact of Foreign Direct Investment on Economic Growth: A Case Study in Vietnam 1990 – 2015

Over the past 20 years, the role of FDI in the Vietnamese economy has been important. FDI is one of the essential factors for the domestic economic growth. FDI not only increases the supply of investment capital but also promotes technology transfer, human capital accumulation, which promotes long-term economic growth. This paper employs time series techniques to analyses the effect of the foreign direct investment on economic growth in Viet Nam. The study uses annual data over the period 1990 - 2015. The gross domestic product (GDP) is the dependent variable, and foreign direct investment (FDI), gross fixed capital formation, real exchange rate, real interest rate, and inflation rate are the explanatory variables. Keywords: Gross domestic product, foreign direct investment, gross fixed capital formation

Uniqueness of Maximum Points of a Sequence of Functions Arising from an Adapted Algorithm for ‘the Secretary Problem’

This paper is aimed at a sequence of functions that is extended from an adaptive algorithm of the classical ‘secretary problem’. It was proved in Nguyen et al. (2024) the uniqueness of maximizers of a function sequence that represents the expected score of an element in a ‘candidate’ sequence. This function sequence is indeed considered as a special case of an extended function sequence that corresponds to the case α = 0. More specifically, we are motivated to prove the uniqueness of maximizers for this extended function sequence in the case α = 1. Nevertheless, the corresponding proof is rather challenging and completely different from the former case α = 0 discussed in Nguyen et al. (2024

Quantile panel-type analysis for income inequality and healthcare expenditure

This study investigates the causal relationship between Income Inequality and Healthcare Expenditure within a quantile panel-type causality framework using yearly panel data from 2004 to 2017. The empirical results show that within the high-growth regime of health expenditure to income ratio, reducing the deterioration of income inequality can make the ratio of health expenditure to income keep increasing. Besides, within the extreme income inequality regime, the ratio of health expenditure to income continues to increase, which can reduce the deterioration degree of income inequality. This paper presents evidence that to improve the continuous deterioration of income inequality; it should focus on the continuous increase in the ratio of health expenditure to income, not just the continuous increase in health expenditure. Accordingly, policy-makers should be cautious about the momentum between the ratio of health expenditure to income and income inequality when they reach the extremely quantiles

The Impact of More Able Managers on Corporate Trade Credit

We investigate how high-ability managers affect trade credit policies of U.S. publicly traded companies from 2003 to 2016. Consistent with the prediction of an “Imbalance of power” in the supply chain, we find that firms with more able managers implement more favorable trade credit policies with both upstream and downstream business partners (i.e., fewer trade credit days in receivables, more trade credit days in payables, and lower net trade credit days), indicating that managerial ability is an important determinant of corporate trade credit. Our cross-sectional analyses provide further support for the bargaining power view of trade credit. The results are robust to various tests mitigating the endogeneity concerns. This study sheds light on the importance of more able managers in working capital and supply chain management. This article was published Open Access through the CCU Libraries Open Access Publishing Fund. The article was first published in the Journal of Behavioral and Experimental Finance: https://doi.org/10.1016/j.jbef.2023.10085