Social Connectedness and Foreign Direct Investment: Evidence from Vietnam
Principal Investigator(s): View help for Principal Investigator(s) Thu Ha Nguyen, Hanoi Open University
Version: View help for Version V1
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Project Citation:
Nguyen, Thu Ha. Social Connectedness and Foreign Direct Investment: Evidence from Vietnam. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2024-05-07. https://doi.org/10.3886/E202242V1
Project Description
Summary:
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This study investigates the
relationship between social networks, as measured by friend connections from
Facebook (Social connectedness – SCI), and Foreign Direct Investment (FDI)
inflows into Vietnam from 2010 to 2022. Our findings reveal that social
connectedness significantly influences FDI inflows, indicating that social
connections play a vital role in attracting foreign investments into Vietnam.
The result is robust for numerous model specifications including subsampling,
controlling for known FDI determinants, fixed-effect and an instrumental
variable strategy. We establish that SCI affects FDI by reducing information friction.
In a cross-sectional analysis, we find that the SCI-FDI relationship is
negatively moderated by world uncertainty.
Funding Sources:
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Ministry of Education and Training of Viet Nam (B2023-MHN-05)
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