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Eurasian Business Review
Published in: Eurasian Business Review 2/2016

01-08-2016 | Original Paper

Financial structure and economic growth: the case of Vietnam

Authors: Xuan Vinh Vo, Huu Huan Nguyen, Khanh Duy Pham

Published in: Eurasian Business Review | Issue 2/2016

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Abstract

This paper investigates the role of financial structure in promoting economic growth in Vietnam using a number of econometric techniques. The results indicate that there is no strong relationship between stock market development and economic growth. In particular, the Granger causality tests suggest no causal effects between these variables. The impulse response tests and the variance decomposition analysis present evidence of the one-way impact from the stock market capitalization variable on the change of economic growth, however, this effect is marginal.
next article A nonparametric panel data approach to the cyclical dynamics of price-cost margins in the fourth Kondratieff wave

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Footnotes
1
The four SOCBs are the Bank for Foreign Trade of Vietnam (VCB), Vietnam Industrial and Commercial Bank (ICB), Bank for Investment and Development of Vietnam (BIDV), and Vietnam Bank for Agriculture and Rural Development (VBARD).
 
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Metadata
Title
Financial structure and economic growth: the case of Vietnam
Authors
Xuan Vinh Vo
Huu Huan Nguyen
Khanh Duy Pham
Publication date
01-08-2016
Publisher
Springer International Publishing
Published in
Eurasian Business Review / Issue 2/2016
Print ISSN: 1309-4297
Electronic ISSN: 2147-4281
DOI
https://doi.org/10.1007/s40821-016-0042-8

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