Regional bombs and firm investment decisions: Evidence from the Vietnam War

Thu Thanh Luu and Duong Phuong Thao Pham

Economics Letters, 2024, vol. 244, issue C

Abstract: This study examines the impact of historical bomb density on the investment decisions of Vietnamese firms, particularly in infrastructure. Employing an instrumental variable approach, this study examines the causal relationship between bomb density and tangible asset investments. The findings indicate that bomb density significantly influences these investments, with infrastructure quality and literacy rates as mediating factors.

Keywords: Bombs; Firm investment; Vietnam war (search for similar items in EconPapers)
JEL-codes: E2 H7 O5 P5 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:244:y:2024:i:c:s0165176524004968

DOI: 10.1016/j.econlet.2024.112012

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