Journal
ECONOMICS OF TRANSITION
Volume 23, Issue 4, Pages 677-715Publisher
WILEY
DOI: 10.1111/ecot.12068
Keywords
Vietnam; investment growth; governance; transparency; local development
Categories
Funding
- Economic and Social Research Council of the UK
- DFID
- ESRC [ES/H032940/1] Funding Source: UKRI
- Economic and Social Research Council [ES/H032940/1] Funding Source: researchfish
Ask authors/readers for more resources
A large literature asserts a causal relationship between the quality of economic governance and economic performance. However, attempts to establish such a link at an aggregate level have met with considerable methodological criticism. This paper seeks to overcome this limitation. We match a panel of Vietnamese enterprises from 2006 to 2010 with a unique panel dataset measuring sub-national economic governance to estimate a relationship between local governance and private investment. We do not find a significant relationship between investment and most traditional forms of governance. However, there is one important exception - transparency, especially the public posting of planning documents, is strongly associated with higher investment across a range of different specifications. Our results have significant implications for policy, given the prevailing theory that changes in the quality of local economic governance will spur improved economic performance.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available