Foreign Direct Investment - Small and Medium Enterprises Linkages and Global Value Chain Participation: Evidence from Vietnam

• 발행기관: 한국유통과학회
• 저자명: Thi Minh Thu NGUYEN Thi Tuong Anh NGUYEN Thi Thuy Vinh NGUYEN Huong Giang PHAM
• 간행물 정보: 『The Journal of Asian Finance, Economics and Business(JAFEB)』Vol. 8 No.3, 1217~1230쪽, 전체 14쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2021.03.30

영문 초록

Using a multinomial logit model with the panel-data set of Vietnam manufacturing firms, this paper investigates the impacts of foreign direct investment (FDI) - small and medium enterprises (SMEs) linkages and other factors on SMEs’ participation in the global value chain (GVC). We consider GVC firms are those engaging in any of the three modes including (i) using domestic inputs to export (D2E), (ii) using imported inputs to produce for the domestic market (I2P), (iii) using imported inputs to export (I2E). We discover that FDI-SME linkages statistically encourage Vietnamese SMEs to integrate into the GVC via I2P and I2E, while no statistical association between FDI-SME linkage and D2E participation is found. GVCs participation likelihood is also positively correlated with the introduction of new product introduction. The establishment of firms’ production facilities in industrial zones and foreign ownership are both reported to be significantly decisive factors to SMEs’ decisions on GVC participation. Besides, there is a strong association between firms’ attributes, i.e. employment, capital intensity as well as financial access, and their participation in the GVC. Local governance quality (proxied by the Provincial Competitiveness Index) and the share of skilled labor at the province-level can facilitate firms’ integration into GVCs, while greater market concentration may be a hurdle to such potential.

목차

1. Introduction

2. Literature Review

3. Data and Method

4. Results

5. Conclusion

References

키워드

Global Value Chain FDI-SME Linkage Manufacturing Vietnam