Output-inflation Trade-off in the Presence of Foreign Capital: Evidence for Vietnam
نویسندگان
چکیده
On one monthly time-series data set of Vietnam economy over 02/2008–09/2018, the Time-Varying-Coefficient VAR model records that trade-off between inflation and output growth is mitigated by foreign capital inflows. The mostly determined credit supply growth, while largely driven direct investment (FDI) A increase FDI USD 1 billion can raise 1.77% rate. result also holds on accounting for exchange rate fluctuation. JEL Classifications: E31, F15, F36, F43
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ژورنال
عنوان ژورنال: South Asian journal of macroeconomics and public finance
سال: 2021
ISSN: ['2277-9787', '2321-0273']
DOI: https://doi.org/10.1177/2277978720979890