The determinants of TFP at firm-level in Vietnam
Main Article Content
Abstract
This paper investigates the determinants of TFP at firm level using a sample of 370 firms located in 58 cities and provinces of Vietnam. These firms participated in the business census of the General Statistics Office of Vietnam in 2015 and reported R&D activities. The regression result indicates that for firms in Vietnam, factors have a significant and positive effect on TFP include absorptive capacity (proxied by R&D activities), spatial spillovers, export activities and financial constraints. Nevertheless, there is not enough evidence to conclude that political affiliation affects TFP for Vietnamese firms.
Article Details
Keywords
TFP at firm-level, R&D, Marshallian spillovers, Jacobian spillovers, financial constraints
References
2. Asian Productivity Organization (2004),Total Factor Productivity Growth: Survey Report, Tokyo, Asian Productivity Organization.
3. Cohen, W. M. & Levinthal, D. A. (1989), “Innovation and Learning: The Two Faces of R&D”, The Economic Journal, 99(397), pp. 569-596.
4. Comin, D. (2006), Total Factor Productivity, New York University and NBER, August.
5. Croux, C., Dhaene, G. & Hoorelbeke, D. (2003), Robust Standard Errors for Robust Estimators, Belgium: KU Leuven.
6. Faccio, M. (2010), Differences between Politically Connected and Nonconnected Firms: A Cross-Country Analysis, 39(3), pp. 905-928.
7. Foster, L., Haltiwanger, J. & Syverson, C. (2008), “Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?”, American Economic Review, 98(1), pp. 394-425.
8. Gehringer, A., Martínez-Zarzoso, I. & Danziger, F. N.-L. (2013), “The Determinants of Total Factor Productivity in the EU: Insights from Sectoral Data and Common Dynamic Processes”.
9. Goldman, E. Rocholl, J. & So, J.(2013), “Politically Connected Boards of Directors and The Allocation of Procurement Contracts”, Review of Finance, 17(5), pp. 1-32.
10. Griliches, Z. (1998), “Productivity and R&D at the Firm Level In: R&D and Productivity: The Econometric Evidence”, University of Chicago Press, pp. 100133.
11. Grossman, G. M. & Helpman, E. (1991), “Trade, Knowledge Spillovers, and Growth”, European Economic Review, 35(2-3), pp. 517-526.
12. Harris, R. & Moffat, J.(2011), “Plant-level Determinants of Total Factor Productivity in Great Britain, 1997-2006”, London: Spatial Economics Research Centre.
13. Harris, R. & Robinson, C. (2010), “The Impact of Regional Selective Assistance on Sources of Productivity Growth: Plant Level Evidence from UK Manufacturing 1990- 1998”, Regional Studies, 39(6), pp. 751-765.
14. Ho, B. D. (2012), “Total factor productivity in Vietnamese agriculture and its determinants”, Australia: University of Canberra.
15. Petrin, A., Poi, B. P. & Levinsohn, J. (2004), “ Production function estimation in Stata using inputs to control for unobservables”, Stata Journal, 4(2), pp. 113-123.
16. Thangavelu, S. M., Findlay, C. & Chongvilaivan, A. (2010), FDI, Financial Constrains, and Productivity: Firm Level Study in Vietnam. In: Linkages between Real and Financial Aspects of Economic Integration in East Asia. Jakarta: ERIA Research Project Report, pp. 316-343.
17. Tocco, C. (2015), An Analysis of the Determinants of Total Factor Productivity in China, Durham theses, Durham University.