The article considers the impact of foreign direct investment on employment in Viet Nam, a country that received considerable inflows of foreign capital in the 1990s as part of its increased integration with the global economy. Despite the significant share of foreign firms in industrial output and exports, the direct employment generated has been very limited because of the high labour product...

Stock price synchronicity at a country level has been the subject of many previous studies, but for most investors it is more relevant at a firm level. Working from the perspective of a foreign investor stock price synchronicity is analyzed at the firm-level in the hot Chinese stock market. The impact of foreign ownership, institutional ownership, the concentration of large shareholders, and au...

Foreign direct investment has been considered a very important factor in the recent growth of Vietnam’s economy and thus far has drawn a great deal of concern from economic researchers in Vietnam. However, studies on the impacts of foreign direct investment on Vietnam’s economy, especially the technological spillovers, are still very scarce compared with other developing countries. This study m...

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* We thank Amil Petrin and Ken Train for providing guidance on the application of their methods. We have benefited by helpful suggestions and insights from Lee Branstetter, Judith Dean, Devashish Mitra, and seminar participants at the NBER China Working Group Meetings, the University of Nottingham, and the 2010 AEA meetings. Abstract Deeper international integration through an inflow of foreign...