Export Spillover Effects: Evidence from Vietnam

2019 ◽  
Vol 10 (4) ◽  
pp. 1213
Author(s):  
Ngo Ngoc MINH
Keyword(s):  
Maximum Likelihood ◽  
Panel Data ◽  
Spillover Effect ◽  
Spillover Effects ◽  
Standard Errors ◽  
Likelihood Estimator ◽  
Heckman Model ◽  
The North ◽  
High Level ◽  
Robust Standard Errors

The purpose of this paper is to examine export spillover effects from foreign invested enterprises (FIEs) to domestic manufacturing and processing firms in the North of Vietnam. The paper extracted panel data from comprehensive surveys on manufacturing and processing enterprises in the North of Vietnam conducted by the General Statistics Office in 2016-2018 period including 14,664 observations. The two export equations of the Heckman model were estimated simultaneously by the Maximum Likelihood Estimator method (MLE) and used strong standard errors (Robust Standard Errors). The empirical results showed that the presence of FIEs created a spillover effect on Vietnam’s decision to export goods. Moreover, the export spillover effect depends on the characteristics of domestic enterprises. Particularly, private enterprises with old ages or owns a high level of capitalization will benefit from export spillover effects.

scholarly journals ANALISIS PENGARUH UTANG BERBASIS BUNGA DAN PENDAPATAN NON-HALAL TERHADAP NILAI PERUSAHAAN EMITEN SAHAM SYARIAH

2018 ◽  
Vol 4 (2) ◽  
pp. 103
Author(s):  
Muhammad Adlan ◽  
Imron Mawardi
Keyword(s):  
Panel Data ◽  
Firm Value ◽  
Fixed Effects ◽  
Lower Portion ◽  
Standard Errors ◽  
Fixed Effects Models ◽  
Total Debt ◽  
Robust Standard Errors ◽  
Operating Revenue

This study aims to determine whether interest-based debt limitation and non-halal income limitation have significant effect on the firm value. Sharia stock issuers in Indonesia are obliged to pass several conditions set by the market regulator, some of them are limitations of the interest-based debt and non-halal income. This study assumes that the lower portion of interest-based debt and non-halal income, the more the investors will prefer the stocks, thus increasing the firm value. The subjects of this study are the companies listed on JII period 2013-2017. This study measures interest-based debt with ratio of interest-based debt devided by total debt, measures non-halal income with ratio of non-halal income divided by operating revenue, and measures the value of the firm with PBV. The analysis of this study using panel data regressions with fixed effects models with robust standard errors. The results shows that interest-based debt and non-halal income have no effects on the value of the firm, partially and simultaneously

Fiscal Decentralisation, Provincial Economic Growth and Spillover Effects: A Spatial Panel Data Analysis

2016 ◽  
Vol 55 (4I-II) ◽  
pp. 743-760
Author(s):  
Qasim Raza ◽  
Hafsa Hina
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Spatial Dependence ◽  
Spillover Effect ◽  
Spillover Effects ◽  
Provincial Government ◽  
Data Set ◽  
Spatial Panel ◽  
Fiscal Decentralisation ◽  
Spatial Panel Data

This study examines the spatial dependence, direct and indirect effects of fiscal decentralisation on the provincial economic growth of Pakistan. Due to spatial dependence, spatial econometric technique is applied on the augmented growth of Mankiw, et al. (1992) by incorporating the fiscal decentralisation variable in the theoretical framework. The empirical analysis is based on the spatial panel data set, which is used from 1990 to 2011 of provinces. Model is selected on basis of specific to general and general to specific approach, and decided two-way fixed effects Spatial Durbin model (SDM) is appropriate for our data. We have estimated the SDM by maximum likelihood (bias corrected and random effect) estimation technique, otherwise, if we applied OLS and ignore the spillover effect which makes our estimated parameters biased and inconsistent. Results show that revenue decentralisation has positive, while expenditure decentralisation has negative effect to provincial economic growth. Spillover effects are found to be significant in case of revenue decentralisation and insignificant in case of expenditure. Negative and insignificant spillover effect of expenditure decentralisation is due to weak institutions, lack of intra governmental competition, and absence of political vision which may increase the level of corruption and less accountability. On the basis of econometric analysis, it may be suggested that federal government should transfer the resources to provinces as determined in the 18th amendment, and it is the responsibility of provincial government to train their officials in the area of professional ethics, technical and administrative skills by different programmes. JEL Classification: C31, C33, H3, H50 Keywords: Fiscal Decentralisation, Spatial Econometrics, Revenue, Expenditure

Technology Spillover Effects and Policies: Evidence from Vietnam

2020 ◽  
Vol 11 (2) ◽  
pp. 491
Author(s):  
Ngoc Minh NGO
Keyword(s):  
Fixed Effects ◽  
Spillover Effect ◽  
Spillover Effects ◽  
Fixed Effects Model ◽  
Technology Spillover ◽  
Production Scale ◽  
The North ◽  
Domestic Enterprise ◽  
Technology Spillover Effect ◽  
Capitalization Rate

The paper examines empirical research on technology spillover effects from foreign invested enterprises (FIEs) to domestic manufacturing and processing firms in the North of Vietnam in 2016-2018 period. The Hausman test demonstrates Fixed Effects Model is suitable for the most-updated panel data. The empirical results indicate that FIEs create a pervasive effect on the productivity of domestic manufacturing and processing firms. However, the technology spillover effect depends on characteristics of domestic enterprise. Accordingly, the capitalization rate and production scale are positively correlated with technology spillover while the technology gap is negatively. This finding is useful for authorities to map out policies for domestic firms to absorb more effectively technology spillover effect from FIEs.

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