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Why Don't Northern Provinces Grow Faster?
- Publisher
- Wiley
- Copyright
- Copyright © 2015 The European Bank for Reconstruction and Development
- ISSN
- 2577-6975
- eISSN
- 2577-6983
- DOI
- 10.1111/ecot.12068
- Publisher site
- See Article on Publisher Site
Abstract
A 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 to 2010 with a unique panel dataset measuring sub‐national economic governance to estimate a relationship between local governance and private investment. We do not find a significant relationship between investment and most traditional forms of governance. However, there is one important exception – transparency, especially the public posting of planning documents, is strongly associated with higher investment across a range of different specifications. Our results have significant implications for policy, given the prevailing theory that changes in the quality of local economic governance will spur improved economic performance.
Journal
Economics of Transition and Institutional Change – Wiley
Published: Oct 1, 2015
Keywords: ; ; ; ;