Study on the Impact of Institutions on the Labor Productivity of Private Enterprises in Vietnam through the Spillover Effect from State-Owned Enterprises

Hong-Nham Nguyen Thi, Hong-Thuy Le Thi and The-Dong Phung
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Hong-Nham Nguyen Thi: School of Finance, University of Economics Ho Chi Minh city, Ho Chi Minh 70000, Vietnam
Hong-Thuy Le Thi: Faculty of Economics, Academy of Finance, Hanoi 100000, Vietnam
The-Dong Phung: National Financial Supervisory Commission, Hanoi 100000, Vietnam

Economies, 2021, vol. 9, issue 3, 1-10

Abstract: The paper analyzes the impact of institutions on the labor productivity of small and medium-sized private enterprises through the spillover effect from state-owned enterprises (SOEs). The authors used data samples from three datasets: (i) The Annual Enterprise Survey conducted by the General Statistics Office of Vietnam (GSO) from 2010 to 2018; (ii) Institutional data (PCI) published by the Vietnam Chamber of Commerce and Industry (VCCI) from 2010 to 2018; (iii) GSO 2012 I-O balance sheet and a set of tabular data containing 666,221 observations at the enterprise and provincial levels in Vietnam from 2010 to 2018, including both listed and unlisted enterprises. The model’s experimental result shows that institutional improvement boosts labor productivity of domestic private enterprises through a horizontal and forward spillover channel from SOEs. Through the backward spillover channel from SOEs, how institutional improvement affects the labor productivity depends on the degree of backward spillover channel from SOEs.

Keywords: institution; labor productivity; private enterprise; spillover effect; state-owned enterprises (SOEs) (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2021
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