scholarly journals Effect of Public Investment on Private Investment and Economic Growth: Evidence From Vietnam by Economic Industries

2018 ◽  
Vol 5 (2) ◽  
pp. 95 ◽  
Author(s):  
Nguyen Thi Canh ◽  
Nguyen Anh Phong
Keyword(s):  
Economic Growth ◽  
Capital Stock ◽  
Positive Impact ◽  
Public Investment ◽  
Private Investment ◽  
Private Capital ◽  
Short Term ◽  
State Sector ◽  
The Impact

This study is to assess the impact of public investment on private investment and economic growth in Vietnam based on data from 22 economic industries over a 27-year period (1990-2016) by applying PVAR model combined with GMM. The results show that public investment and state sector investment (including public investment and state-owned enterprise investment for production and business activities) has the same positive impact economic growth in most economic industries in the long term, but state sector investment also creates more growth effects in the short term. Public investment has a cyclical impact on private capital stock (domestic private + FDI capital stock) and FDI investment; it has the effect of boosting domestic private investment, FDI investment in the short and long term. Meanwhile, state-sector investment has decreased the private capital stock in the short term, crowds out domestic private and FDI investments in the short term, and in the long term. Both public investment and state sector investment has the effect of increasing public debt in the long term. Based on these results we have some policy recommendations to increase efficiency of public investment and state sector investment.

scholarly journals The Linkage between Public, Private Investment and Economic Growth—Evidence for the Developing ASEAN and Asian Countries

2017 ◽  
Vol 3 (4) ◽  
pp. 580 ◽  
Author(s):  
Nguyen Thi Canh, PhD. Prof. ◽  
Nguyen Anh Phong, PhD.
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Positive Impact ◽  
Public Investment ◽  
Private Investment ◽  
Public Private Partnership ◽  
Long Term Effects ◽  
Private Partnership ◽  
The Impact

<p><em>This study used a quantitative method to assess the impact of public investment on private investment and economic growth based on data from 18 developing countries over a 21-year period (1995-2015) by applying PVAR model combined with GMM. The findings show that all public investment and public-private partnership investments affect private investment as well as affect economic growth but the effects vary cyclically, by time period, and by group of countries.</em></p><p><em>For the ASEAN developing countries, public investment crowds out private investment in short term and crowds in private investment in the medium and long term, but it crowds out public-private partnership investment. For the developing countries in Asia, public investment has a positive impact on economic growth with the inverted U-shaped pattern which stimulates growth in the short and medium term, but in the long-term effects of stimulation growth tend to decrease.</em></p>

scholarly journals The impacts of public investment on private investment and economic growth

2018 ◽  
Vol 25 (1) ◽  
pp. 15-32 ◽  
Author(s):  
Canh Thi Nguyen ◽  
Lua Thi Trinh
Keyword(s):  
Economic Growth ◽  
Public Investment ◽  
Private Investment ◽  
Short Term ◽  
Content Type ◽  
State Sector ◽  
Positive Effects ◽  
Long Run ◽  
Short And Long Term

Purpose The purpose of this paper is to assess both short and long-term influences of public investment on economic growth and test the hypothesis that whether public investment promotes or demotes private investment in Vietnam. Design/methodology/approach The authors use the approach of autoregressive distributed lag model and Vietnam’s macro data in the period of 1990-2016, to evaluate the short and long-term effects of public investment on economic growth and private investment. The model evaluates the impact of public investment on economic growth and private investment based on the neoclassical theories. The public investment which strongly affects economic growth is also reflected by aggregate supply and demand. Public investment directly impacts aggregate demand as a government expenditure and aggregate supply as a production function (capital factor). Findings The results from this research indicate that public investment in Vietnam in the past period does affect economic growth in the pattern of an inverted-U shape as of Barro (1990), with positive effects mostly occurring from the second year and negative effects of constraining long-term growth. Meanwhile, investment from the private sector, state-owned enterprises, and FDI has positive effects on short-term economic growth and state-owned capital stock has positive impacts on economic growth in both the short and long run. The estimated influence of public investment on private investment also shows a similar inverted-U shape in which public investment have crowding-in private investment short-term but crowding-out in the long run. Practical implications The empirical findings in this study can be used for conducting a more efficient policy in restructuring the state sector investment in Vietnam. Originality/value The main contributions in this study are: to evaluate the impacts of public investment on economic growth and private investment, the authors extracted public investment in infrastructure from aggregate investment of state sector (as previous studies used); the authors also uses state-owned capital stock variable including cumulative public investment and state-owned enterprises investment suggesting that this could control for the different orders of integration between the stock and flow variable and improve the experimental characteristics of the equation to a higher degree.

scholarly journals IMPACT OF CAPITAL INVESTMENT ON THE ECONOMIC GROWTH OF CITIES AND PROVINCES IN THE MEKONG DELTA FROM 2010 TO 2017

2020 ◽  
Vol 1 (4) ◽  
pp. 115-128
Author(s):  
Thuyen Thi Kim Nguyen ◽  
Nghi Quoc Nguyen ◽  
Phuong Hoang Nguyen
Keyword(s):  
Economic Growth ◽  
Capital Investment ◽  
Positive Impact ◽  
Mekong Delta ◽  
Private Investment ◽  
Total Output ◽  
Temporal Dimension ◽  
Significance Level ◽  
State Sector ◽  
The Impact

The study was conducted to evaluate the impact of capital investment on the economic growth of cities and provinces in the Mekong Delta. The data were collected in 13 provinces and cities in the Mekong Delta in the period of 2010-2017 and it was collected in the spatial-temporal dimension. Therefore, it is appropriate to apply the panel data regression to the research model. The research results with the significance level of 90% pointed out several outcomes. In the structure of capital sources, private investment has the strongest impact on GRDP growth, followed by the state sector investment, while the foreign investment had no impact on the total output of the Mekong Delta’s cities and provinces. Besides, the study demonstrated that trained employees aged 15 and above, tourism revenue, and fishery production are factors that have a positive impact on the economic growth of the cities and provinces in the Mekong Delta.

scholarly journals Analysis of Work Performance and Export Competitiveness in Province of Indonesia

2017 ◽  
Vol 1 (3) ◽  
pp. 277
Author(s):  
Nani Rosita
Keyword(s):  
Economic Growth ◽  
Performance Index ◽  
Capital Stock ◽  
Work Performance ◽  
Positive Impact ◽  
Export Performance ◽  
Secondary Data ◽  
Short Term ◽  
Export Competitiveness

The purpose of this study is to analyse the export performance of provinces in Indonesia, the effect of export and capital stock on the long-term and short-term economic growth of Indonesia and the competitiveness of provinces in exporting Indonesia’s leading products. The panel data from 33 provinces in Indonesia from 2000-2016 is used in this study. The secondary data is consist of gross regional domestic product (GRDP), export value and gross fixed capital formation (GFCF). Export performance is measured using regional export performance index meanwhile, the effect of export and capital stock on long-term and short-term economic growth is analysed using cointegrated panel model and error correction model (ECM) panel. Finally, RCA dynamic is used in analysing export competitiveness. The results show that export performance of each province have various rating on the regional economies. Only 11 provinces have regional export performance index higher than while, meaning that only 33.3% of the total provinces, while the rest of the provinces have index that are less than one. This shows that only few provinces that can provide good performance of export. Based on the co-integrated test, there is a long-term relation between GRDP, export and GFCF. In both long-term and short-term, export and GFCF have positive impact on GRDP showing that the increase in export and/or GFCF will increase GRDP, which will results in economic growth. Furthermore, the results of RCA dynamic show that the export competitiveness is not always following the growth of national export segment. Indonesia’s rubber and coal exports have negative growth of national export segment while export of palm oil, coffee and textile have positive growth.Keywords:     export performance, competitiveness, export led growth, cointegrate panel, ECM panel

scholarly journals The Impact of FDI on the Economic Growth of the Yangtze River Economic Belt: An Empirical Study Based on VAR Model

2021 ◽  
Vol 251 ◽  
pp. 01076
Author(s):  
Zhuhui Wu
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Yangtze River ◽  
Positive Impact ◽  
Var Model ◽  
The Yangtze River ◽  
Short Term ◽  
Dynamic Relationship ◽  
The Impact

FDI is very important to the economic development of a region. The Yangtze River economic belt is one of the important economic core regions in China. In order to study the impact of global foreign direct investment on the economic growth of the Yangtze River economic belt, this paper uses VAR model to analyze the dynamic relationship between FDI and GDP in the Yangtze River economic belt. The results show that FDI has a positive impact on the growth of the Yangtze River Economic Belt in the short term, but not in the long term. At the same time, the economic development of the Yangtze River economic belt has a positive impact on FDI.

scholarly journals Analysis of Work Performance and Export Competitiveness in Province of Indonesia

2017 ◽  
Vol 1 (3) ◽  
pp. 277
Author(s):  
Nani Rosita
Keyword(s):  
Economic Growth ◽  
Performance Index ◽  
Capital Stock ◽  
Work Performance ◽  
Positive Impact ◽  
Export Performance ◽  
Secondary Data ◽  
Short Term ◽  
Export Competitiveness

The purpose of this study is to analyse the export performance of provinces in Indonesia, the effect of export and capital stock on the long-term and short-term economic growth of Indonesia and the competitiveness of provinces in exporting Indonesia’s leading products. The panel data from 33 provinces in Indonesia from 2000-2016 is used in this study. The secondary data is consist of gross regional domestic product (GRDP), export value and gross fixed capital formation (GFCF). Export performance is measured using regional export performance index meanwhile, the effect of export and capital stock on long-term and short-term economic growth is analysed using cointegrated panel model and error correction model (ECM) panel. Finally, RCA dynamic is used in analysing export competitiveness. The results show that export performance of each province have various rating on the regional economies. Only 11 provinces have regional export performance index higher than while, meaning that only 33.3% of the total provinces, while the rest of the provinces have index that are less than one. This shows that only few provinces that can provide good performance of export. Based on the co-integrated test, there is a long-term relation between GRDP, export and GFCF. In both long-term and short-term, export and GFCF have positive impact on GRDP showing that the increase in export and/or GFCF will increase GRDP, which will results in economic growth. Furthermore, the results of RCA dynamic show that the export competitiveness is not always following the growth of national export segment. Indonesia’s rubber and coal exports have negative growth of national export segment while export of palm oil, coffee and textile have positive growth.Keywords:     export performance, competitiveness, export led growth, cointegrate panel, ECM panel

scholarly journals Pakistan’s Infrastructure Capital-Growth Analysis

2020 ◽  
Vol 4 (1) ◽  
pp. 1-12
Author(s):  
Muhammad Ahmad Mazher ◽  
Jauhari Dahalan
Keyword(s):  
Capital Stock ◽  
Negative Impact ◽  
Public Investment ◽  
Private Investment ◽  
Empirical Literature ◽  
Private Capital ◽  
Government Investment ◽  
Real Gdp ◽  
Capital Growth ◽  
The Impact

Purpose- This empirical study facet at Pakistan for the period between 1960 and 2017 in the connection between public investment, public capital stock, private investment, private capital stock, and real GDP. Design/Methodology- Using theoretical and empirical literature assessment, to measure the impact of private investment, private capital stock, government investment, and government capital stock on Pakistan's real gross domestic product, we involved the ARDL Bound tests. Findings- A positive and significant connection was revealed between government investment, a private capital stock with real GDP. Private investment showed a substantial but negative impact in the short run, despite capital stocks indicating a positive and insignificant relationship with Pakistan's RGDP. The long-term consequences showed that the government's capital stocks, public investment, private capital stocks, and RGDP from Pakistan are linked positively and significantly. Private investment, however, has shown harmful and detrimental or insignificant relations with Pakistan's RGDP. Practical Implications- Our study may benefit the Pakistani economy, particularly while useful for academics and researchers to understand the basic concept of 'capital-growth' philosophy.

scholarly journals Paleolithic Diet—Effect on the Health Status and Performance of Athletes?

Nutrients ◽  
2021 ◽  
Vol 13 (3) ◽  
pp. 1019
Author(s):  
Barbara Frączek ◽  
Aleksandra Pięta ◽  
Adrian Burda ◽  
Paulina Mazur-Kurach ◽  
Florentyna Tyrała
Keyword(s):  
Blood Pressure ◽  
Body Mass ◽  
Positive Impact ◽  
Model Assessment ◽  
Paleolithic Diet ◽  
Short Term ◽  
Positive Effects ◽  
Short And Long Term ◽  
The Impact

The aim of this meta-analysis was to review the impact of a Paleolithic diet (PD) on selected health indicators (body composition, lipid profile, blood pressure, and carbohydrate metabolism) in the short and long term of nutrition intervention in healthy and unhealthy adults. A systematic review of randomized controlled trials of 21 full-text original human studies was conducted. Both the PD and a variety of healthy diets (control diets (CDs)) caused reduction in anthropometric parameters, both in the short and long term. For many indicators, such as weight (body mass (BM)), body mass index (BMI), and waist circumference (WC), impact was stronger and especially found in the short term. All diets caused a decrease in total cholesterol (TC), low-density lipoprotein cholesterol (LDL-C), and triglycerides (TG), albeit the impact of PD was stronger. Among long-term studies, only PD cased a decline in TC and LDL-C. Impact on blood pressure was observed mainly in the short term. PD caused a decrease in fasting plasma (fP) glucose, fP insulin, and homeostasis model assessment of insulin resistance (HOMA-IR) and glycated hemoglobin (HbA1c) in the short run, contrary to CD. In the long term, only PD caused a decrease in fP glucose and fP insulin. Lower positive impact of PD on performance was observed in the group without exercise. Positive effects of the PD on health and the lack of experiments among professional athletes require longer-term interventions to determine the effect of the Paleo diet on athletic performance.

Public and Private Investment and Economic Growth: An Empirical Investigation

2018 ◽  
Vol 63 (2) ◽  
pp. 87-106 ◽  
Author(s):  
Garikai Makuyana ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Public Investment ◽  
Private Investment ◽  
Current Debate ◽  
Annual Data ◽  
Public And Private ◽  
Long Run ◽  
Short Run ◽  
Crowd Out

Abstract This paper provides new evidence to contribute to the current debate on the relative impact of public and private investment on economic growth and the crowding effect between the two components of investment in South Africa. Using annual data from 1970 to 2017, the study applies the recently developed Autoregressive Distributed Lag (ARDL)-bounds testing approach to cointegration. The study finds that private investment has a positive impact on economic growth both in the long run and short run, while public investment has a negative effect on economic growth in the long run. Further, in the long run, gross public investment is found to crowd out private investment, while its infrastructural component is found to crowd in private investment. The results of the study also reveal that both gross public investment and non-infrastructural public investment crowd out private investment in the short run. Overall, the study finds private investment to be more important than public investment in the South African economic growth process and that the importance of infrastructural public investment in stimulating private investment in the long run cannot be over-emphasized.

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