https://jiem.ftu.edu.vn/index.php/jiem Foreign Trade University en-US Journal of International Economics and Management 2615-9856 https://jiem.ftu.edu.vn/index.php/jiem/article/view/451 By analyzing 150 articles published between 2010 and 2023, this systematic literature review explores the diverse effects of foreign direct investment (FDI) on developing countries across economic, social, environmental, and sustainability dimensions. The research underscores that the ability of FDI to stimulate growth largely depends on the host country’s absorptive capacity, including factors such as human capital, financial institutions, and infrastructure. It highlights the complexities involved in evaluating FDI’s economic impacts, given the varied findings across studies, and emphasizes the growing significance of environmental and social considerations aligned with sustainable development goals. The key contributions of this study include a comprehensive synthesis of the current literature on FDI impacts, critical analysis of host countries’ absorptive capacities, exploration of discrepancies in economic impact assessments, a focus on environmental and social dimensions within FDI research, and policy recommendations aimed at harnessing FDI for sustainable and inclusive development in developing countries. These insights are crucial for comprehending the multifaceted role of FDI and devising strategies for its optimal utilization in emerging economies. Ph.D. Candidate in International Business Julien Bazile Ph.D. Candidate in International Business Frédéric Papillon Master’s in International Studies Béatrice Dallaire-Clavet Copyright (c) 2024 Journal of International Economics and Management https://creativecommons.org/licenses/by-nc/4.0 2024-11-30 2024-11-30 24 3 1 24 10.38203/jiem.024.3.0091 https://jiem.ftu.edu.vn/index.php/jiem/article/view/425 This study investigates the role of the developmental state in attracting foreign direct investment (FDI) in three Asian countries over short-term and long-term periods. The analysis focuses on three key dimensions of the developmental state: infrastructure investment, economic freedom, and human development. Empirical research was conducted using a sample from China, Vietnam, and Singapore, employing the vector error correction model from 1990 to 2021. This study highlights the developmental state’s role as a specific framework for economic planning and management, particularly in attracting FDI in these three countries. Furthermore, it underscores the strategic nature of FDI acquisition, advocating a long-term perspective and the implementation of a diverse range of policies. The research results indicate that the influence of the developmental state on FDI attraction in these countries varies across short- and long-term periods. Significantly, these variations are not correlated with the economic systems of each country. The evidence regarding the growth-enhancing effects of FDI has significant implications for policy design, emphasizing the need for policies focusing on economic liberalization and investments in infrastructure and human resources. Policies should concentrate on creating favorable conditions for attracting FDI. Minh Trung Ngo Copyright (c) 2024 Journal of International Economics and Management https://creativecommons.org/licenses/by-nc/4.0 2024-11-30 2024-11-30 24 3 25 41 10.38203/jiem.024.3.0092 https://jiem.ftu.edu.vn/index.php/jiem/article/view/496 This study examines the impact of innovation and renewable energy on CO2 emissions in a sample of 15 developing Asian countries from 2000 to 2020. Using panel data regression analysis, it identifies two key findings. First, innovation - measured by research and development (R&D) expenditures and the number of patents - leads to an increase in CO2 emissions, likely driven by the scale effect, whereby economic growth and technological advancements initially result in higher emissions. Second, a higher share of renewable energy consumption significantly reduces emissions, underscoring the critical role of clean energy in mitigating environmental impacts. The findings also support the Environmental Kuznets Curve (EKC) hypothesis, suggesting that as income levels rise, emissions initially grow but eventually decline as economies transition toward greener technologies. Additionally, the study highlights population growth and afforestation as significant factors influencing CO2 emissions. By offering empirical evidence, this research provides valuable guidance for policymakers in developing Asian nations, emphasizing the need to balance innovation with greater investments in renewable energy to achieve sustainable development and lower carbon emissions.​ Xuan Truong Pham Cam Nhung Nguyen Thi An Ly Nguyen Copyright (c) 2024 Journal of International Economics and Management https://creativecommons.org/licenses/by-nc/4.0 2024-11-30 2024-11-30 24 3 42 58 10.38203/jiem.024.3.0093 https://jiem.ftu.edu.vn/index.php/jiem/article/view/444 Digitalization in agriculture involves the integration of technological innovations across the entire supply chain, from production through distribution to consumption. This paper examines drone applications and farmers’ intentions to use them in an emerging economy. This study uses correlation analysis and structural equation modeling to analyze the data collected from 414 Vietnamese farmers. The empirical results indicate that drone compatibility and speed positively impact farmers’ desires and anticipated emotions, whereas risks negatively influence both desires and emotions. These findings also show that farmers’ desires and emotions towards drones have pushed their intentions to use them. Notably, the environmental friendliness of drones plays a moderating role in strengthening the relationship between farmers’ desires, emotions, and intentions. Surprisingly, drone complexity does not have a significant impact on leading farmers’ desires and emotions. These findings contribute to a deeper understanding of the factors influencing the adoption of digital technologies in agriculture and provide valuable insights for policymakers and stakeholders seeking to promote the integration of drones into agricultural practices. Thi Khanh Chi Nguyen Thi Thuy Duong Truong Mai Anh Nguyen Copyright (c) 2024 Journal of International Economics and Management https://creativecommons.org/licenses/by-nc/4.0 2024-11-30 2024-11-30 24 3 59 76 10.38203/jiem.024.3.0094 https://jiem.ftu.edu.vn/index.php/jiem/article/view/406 The rapid development of the digital economy has brought significant changes in various aspects, including production methods and the provision of services. These changes have reshaped workforce requirements and skills, presenting opportunities to enhance women’s participation in economic activities. This paper assesses the impact of the digital economy on women’s employment in several European and Asian countries. The study uses panel data encompassing 53 countries collected from the World Bank, ITU, and UNDP databases. The principal component analysis was employed to calculate a composite index measuring the development of the digital economy in these countries. This index was then used to assess the impact of the digital economy on women’s employment through regression analysis of panel data. The results indicate that the digital economy positively impacts women’s employment. However, the influence of the digital economy on women’s employment varies among countries and different income groups. Specifically, the digital economy increases women’s employment in high-income countries but has a negative impact on women’s employment in middle-income countries. Based on the findings, this study proposes recommendations to policymakers for optimizing the potential of the digital economy. Duy Tien Do MSc Thuy Quynh Nguyen Duc Hung Vu Copyright (c) 2024 Journal of International Economics and Management https://creativecommons.org/licenses/by-nc/4.0 2024-11-30 2024-11-30 24 3 77 96 10.38203/jiem.024.3.0095 https://jiem.ftu.edu.vn/index.php/jiem/article/view/346 This study examines financial socialization, financial knowledge, and financial attitudes in their relationships with financial behavior and financial satisfaction in personal finance management in Vietnam. Partial least square structural equation modeling was employed to analyze data collected from 294 respondents. The results show that increased interaction and communication with family members, media, peers, and the workplace in terms of financial matters lead to higher levels of financial knowledge. Moreover, greater financial knowledge is associated with a higher likelihood of engaging in recommended financial behaviors. In turn, engaging in recommended financial behaviors enhances financial satisfaction, reflecting a greater sense of contentment with financial status. Thus, financial socialization should be focused on as an important channel besides formal financial education. This study increases understanding of the determinants of personal finance management behaviors and financial satisfaction in Vietnam. The results are impactful not only for individuals and households but also for policymakers and educators. Thi Minh Tram Tran André Schmitt Copyright (c) 2024 Journal of International Economics and Management https://creativecommons.org/licenses/by-nc/4.0 2024-11-30 2024-11-30 24 3 97 118 10.38203/jiem.024.3.0096 https://jiem.ftu.edu.vn/index.php/jiem/article/view/476 This paper contributes to the literature by examining the impact of corporate governance on the stock return volatility of non-financial firms listed on the Vietnamese stock market. Data on corporate governance and stock return volatility among non-financial firms listed in Vietnam were obtained from the Hanoi and Ho Chi Minh stock exchanges. The study employed ordinary least squares, fixed-effects estimations, and the generalized least squares method. The research demonstrates a positive relationship between corporate governance and stock return volatility. The findings emphasize the sustained positive influence of board size on volatility, suggesting that companies aspiring to diminish the annual average standard deviation of equity returns should consider decreasing the number of directors. Furthermore, the results also show the absence of a discernible relationship between board independence and volatility, and the negative effects of both foreign ownership and managerial ownership on volatility. This study provides practical implications for companies and market participants aiming to reduce stock return volatility through good corporate governance within developing capital markets. Lien Quynh Le Copyright (c) 2024 Journal of International Economics and Management https://creativecommons.org/licenses/by-nc/4.0 2024-11-30 2024-11-30 24 3 119 139 10.38203/jiem.024.3.0097 https://jiem.ftu.edu.vn/index.php/jiem/article/view/431 The relationship between learning organizations and job satisfaction is a compelling area of research due to its potential impact on organizational performance. This study aims to investigate how the seven dimensions of a learning organization affect job satisfaction among employees. The research utilized a sample of 729 responses from employees of Vietnamese enterprises. Using partial least squares structural equation modeling, this study finds that three of the seven learning organization factors (i.e., establishing systems to capture and share learning, empowering people toward a collective vision, and providing strategic leadership for learning) significantly and positively impact job satisfaction. In contrast, the other four factors (i.e., creating continuous learning opportunities, promoting dialogue and inquiry, encouraging collaboration and team learning, and connecting the organization to its environment) do not show a significant impact. Based on these findings, several practical implications are suggested, including embedding learning organizations to enhance employee learning and job satisfaction, addressing the workforce’s low productivity, and supporting the government’s advocacy for lifelong learning in Vietnamese organizations. Several important limitations are acknowledged, including potential methodological constraints or contextual factors. By addressing these limitations, the paper clarifies the impact of learning organizations on job satisfaction and provides recommendations for future research, thereby significantly contributing to the literature on organizational learning. Tuyen Quang Bui Thinh Nguyen-Duc Hanh Thi Hien Nguyen Tam To Phuong Copyright (c) 2024 Journal of International Economics and Management https://creativecommons.org/licenses/by-nc/4.0 2024-11-30 2024-11-30 24 3 140 160 10.38203/jiem.024.3.0098 https://jiem.ftu.edu.vn/index.php/jiem/article/view/363 The turnover intention of employees has always been one of the most notable issues within any business environment. While several studies in recent decades have investigated the impact of training in general on employee turnover intention, limited attention has been given to management-level training. Therefore, this research aims to examine how management-level training directly impacts employee turnover intentions through the double mediation effects of employee’s perception of management style and employee satisfaction. The quantitative method was applied with a sample of 245 employees working at small- and medium-sized enterprises in Vietnam. This paper finds the crossover influence of manager training on employee turnover intention in various enterprises in a large business community, i.e., Keieijuku, where chief executive officers take a training course for Vietnamese small- and medium-sized enterprises’ managers. Additionally, employees’ perception of management style and employee satisfaction serially mediate the inverse relationship between management training and employee turnover intentions. The findings contribute to the theoretical understanding of factors influencing employee turnover intentions. Moreover, it offers valuable practical recommendations for small- and medium-sized enterprises in terms of training investment and training assessment. Thi Thuy Duong Hoang Copyright (c) 2024 Journal of International Economics and Management https://creativecommons.org/licenses/by-nc/4.0 2024-11-30 2024-11-30 24 3 161 175 10.38203/jiem.024.3.0099 https://jiem.ftu.edu.vn/index.php/jiem/article/view/410 This study investigates the impact of expectations on decision-making in community-based tourism in the Central Highlands of Vietnam. While numerous studies have explored tourism expectations, limited research has specifically addressed their influence on choosing community-based tourism in a particular region. This study aims to fill this gap in the literature by identifying the expectations that influence tourists’ choices of community-based tourism in the Central Highlands of Vietnam and determining the extent of their impact. By applying quantitative research method to analyze data collected from 528 visitors, the findings indicate that when tourists’ cultural, historical, and climatic expectations are met, their preference for community-based tourism in the Central Highlands increases significantly. This study enriches the literature by clarifying how specific expectations influence community-based tourism choices in the Central Highlands of Vietnam. Additionally, the results contribute to the development of successful policies that promote the growth of community-based tourism in this area. This paper provides new insights into how these expectations shape community-based tourism decisions, offering valuable guidance for policy development, and promoting sustainable tourism practices in the region. Ngoc Lang Duong Associate Professor Long Pham Hong Copyright (c) 2024 Journal of International Economics and Management https://creativecommons.org/licenses/by-nc/4.0 2024-11-30 2024-11-30 24 3 176 196 10.38203/jiem.024.3.0100