Nguyen, Cuong and Tran, Tuyen and Vu, Huong (2021): The Long-Term Effects of War on Foreign Direct Investment and Economic Development: Evidence from Vietnam.
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Abstract
In this study, we find that the negative effect of unexploded ordnance (UXO) on the geographical density of foreign direct investment and large firms is a new channel through which the war legacy impedes local development in Vietnam. A 1% increase in the proportion of UXO-contaminated area leads to a 0.78% relative decrease in the density of FDI firms within districts. Point estimates for the elasticity of the density of joint-venture FDI firms and state-owned enterprise (SOEs) due to UXO are smaller, equal to -0.56 and -0.54. Consequently, a 1% increase in the proportion of UXO-contaminated areas leads to a 0.46% relative decrease in the intensity of nighttime light.
Item Type: | MPRA Paper |
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Original Title: | The Long-Term Effects of War on Foreign Direct Investment and Economic Development: Evidence from Vietnam |
Language: | English |
Keywords: | War; FDI; unexploded ordnance; local development; Vietnam. |
Subjects: | O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O12 - Microeconomic Analyses of Economic Development R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R12 - Size and Spatial Distributions of Regional Economic Activity |
Item ID: | 111891 |
Depositing User: | Cuong Nguyen Viet |
Date Deposited: | 16 Feb 2022 14:19 |
Last Modified: | 16 Feb 2022 14:19 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/111891 |