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Lao and Vietnamese cooperation in infrastructure development and Laos's prospects as an inland trade hub.
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DOI: 10.1108/OXAN-DB221405
ISSN: 2633-304X
Keywords
Geographic
Topical
Laos's development outlook.
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DOI: 10.1108/OXAN-DB197343
ISSN: 2633-304X
Keywords
Geographic
Topical
Laos's new government and foreign relations.
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DOI: 10.1108/OXAN-DB211074
ISSN: 2633-304X
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Geographic
Topical
Alongside loans, the sale will support energy infrastructure development, part of Vientiane's national development and economic growth plans; Laos has also started preparatory…
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DOI: 10.1108/OXAN-DB200587
ISSN: 2633-304X
Keywords
Geographic
Topical
Laos/US diplomatic ties.
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DOI: 10.1108/OXAN-DB201605
ISSN: 2633-304X
Keywords
Geographic
Topical
Laos joined ASEAN in 1997 and has practiced the Common Effective Preferential Tariff (CEPT) scheme under ASEAN Free Trade Area (AFTA) since 1998. To estimate the effects of AFTA…
Abstract
Laos joined ASEAN in 1997 and has practiced the Common Effective Preferential Tariff (CEPT) scheme under ASEAN Free Trade Area (AFTA) since 1998. To estimate the effects of AFTA on international trade in Laos, this paper has built a gravity model to analyze the specific effects of AFTA on aggregate international trade volume, import and export in Laos by using bilateral trade data between Laos and 29 partner countries during 2000 and 2012. Binary variables and the size of economy of AFTA are chosen to be the two variables reflecting the effect of AFTA on international trade of Laos. Results indicate that AFTA has positive effects on aggregate international trade volume and import while negative effects on export in Laos.
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Siyue Chen, Gengzhi Huang, Hongou Zhang, Yuyao Ye and Qitao Wu
Institutional factors play an important and complex role in Chinese outward foreign direct investment (OFDI) location choices that do not seem to be influenced by a host country’s…
Abstract
Purpose
Institutional factors play an important and complex role in Chinese outward foreign direct investment (OFDI) location choices that do not seem to be influenced by a host country’s high political risks. Moreover, the location choice for OFDI is key to corporate strategic decision-making on internationalization. Therefore, this study aims to examine the direct investments of Chinese multinational enterprises (MNEs) in Laos.
Design/methodology/approach
Combining the purposive sampling strategy and snowball sampling method, the authors interviewed nine market- and resource-seeking Chinese enterprises in Laos. Drawing from the mainstream eclectic paradigm and the theory of new institutional economics, the authors analyzed two key variables – enterprise investment motivation and enterprise heterogeneity.
Findings
Chinese MNEs are not insensitive to the regressive institutional quality of host countries; the relationship effect and institutional distance are the location decision pathways along with which institutional factors influence Chinese multinationals’ investments in Laos; political stability is necessary for Chinese-funded enterprises to invest in Laos and the degree of corruption is an overestimated institutional preference factor.
Originality/value
The relationship effect is introduced into the analysis framework as an intermediate variable that influences the decision of MNEs to invest in countries with underdeveloped institutions. It verifies the significant roles of bilateral political relations and network relations in the OFDI location decisions of state-owned and private enterprises, respectively.
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Phouphet Kyophilavong, John Luke Gallup, Teerawat Charoenrat and Kenji Nozaki
The purpose of this paper is to investigate the tourism-led growth hypothesis in Laos.
Abstract
Purpose
The purpose of this paper is to investigate the tourism-led growth hypothesis in Laos.
Design/methodology/approach
The authors test the tourism-led growth hypothesis using autoregressive distributed lag (ARDL) cointegration estimation (Pesaran et al., 2001) and Granger causality tests.
Findings
The results of this paper show that when tourism is forcing variable, there is no long-run relationship between tourism development and economic growth. The Granger causality test demonstrates that there is a uni-directional causality running from economic growth in tourism.
Social implications
The empirical results and policy recommendation may be useful for other small developing countries.
Originality/value
This study is the first study to investigate the relationship between tourism development and growth in Laos, using a relatively new econometric approach – ARDL bound testing.
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Laos's dam-building ambitions.
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DOI: 10.1108/OXAN-DB236765
ISSN: 2633-304X
Keywords
Geographic
Topical
This study aims to lay out a framework to quantify the impacts of mining booms on the macro-economy in Laos.
Abstract
Purpose
This study aims to lay out a framework to quantify the impacts of mining booms on the macro-economy in Laos.
Design/methodology/approach
A computable general equilibrium (CGE) model is used to investigate the impact of the mining sector on the Laos’ economy by examining this sector’s increase in both stock and the productivity of capital.
Findings
It was found that higher capital stock and productivity lead to increased value added, production, exports and investment in the mining sector. These increases result in higher real gross domestic product, exports and investment. Unfortunately, the effects from the associated Dutch disease negatively impact real production and value added in the agriculture and industry. Suitable macroeconomic management and prudent administration of the windfall income from mining are therefore important.
Practical implications
The finding is important for policymakers to implement policy to deal with the negative impact of mining booms.
Originality/value
It is the first study to attempt to investigate the impact of the mining sector on the Lao economy using the CGE model. Second, we also provide recommendation to cope with the negative impact from mining booms which provide important implications for other developing countries that face the negative impact from mining booms.