Eurasian Business Review

, Volume 6, Issue 2, pp 141–154 | Cite as

Financial structure and economic growth: the case of Vietnam

Original Paper

Abstract

This paper investigates the role of financial structure in promoting economic growth in Vietnam using a number of econometric techniques. The results indicate that there is no strong relationship between stock market development and economic growth. In particular, the Granger causality tests suggest no causal effects between these variables. The impulse response tests and the variance decomposition analysis present evidence of the one-way impact from the stock market capitalization variable on the change of economic growth, however, this effect is marginal.

Keywords

Financial structure Economic growth Vietnam Granger VAR 

JEL Classification

E60 G10 

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Copyright information

© Eurasia Business and Economics Society 2016

Authors and Affiliations

  • Xuan Vinh Vo
    • 1
    • 2
  • Huu Huan Nguyen
    • 1
  • Khanh Duy Pham
    • 1
  1. 1.School of BankingUniversity of Economics Ho Chi Minh CityHo Chi MinhVietnam
  2. 2.CFVG Ho Chi Minh CityHo Chi MinhVietnam

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