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dc.contributor.authorMcCulloch, Neil
dc.contributor.authorMalesky, Edmund
dc.contributor.authorNguyen Duc, Nhat
dc.coverage.spatialVietnamen_GB
dc.date.accessioned2013-02-04T11:23:23Z
dc.date.available2013-02-04T11:23:23Z
dc.date.issued2013-01-31
dc.identifier.citationMcCulloch, N. Malesky, E. and Nguyen Duc, N. (2013) 'Does Better Provincial Governance Boost Private Investment in Vietnam?', IDS Working Paper 414, Brighton: IDSen_GB
dc.identifier.isbn978 1 78118 103 4
dc.identifier.urihttps://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/2305
dc.description.abstractA 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 2006-2010 with a unique panel dataset measuring sub-national economic governance, and then exploit rules on the terms of local leaders and the mandatory retirement age to try to estimate a causal link between local governance and domestic private investment. With one exception, we do not find a significant relationship between most aspects of local economic governance and private investment. The exception is transparency, which is strongly associated with higher investment, although the weakness of our instruments makes it difficult to determine the size of the effect. Our results have significant implications for policy, given the prevailing assumption that changes in the quality of local economic governance will spur improved economic performance.en_GB
dc.language.isoenen_GB
dc.publisherInstitute of Development Studiesen_GB
dc.relation.ispartofseriesIDS Working Paper;414
dc.rights.urihttp://www.ids.ac.uk/files/dmfile/IDSOpenDocsStandardTermsOfUse.pdfen_GB
dc.subjectFinanceen_GB
dc.subjectGovernanceen_GB
dc.titleDoes Better Provincial Governance Boost Private Investment in Vietnam?en_GB
dc.typeIDS Working Paperen_GB
dc.rights.holderInstitute of Development Studiesen_GB


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