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Title: | On the effect of globalization on manufacturing industries the case of textile industry in Vietnam | Authors: | Anh Minh Tam Giang | Keywords: | Manufacturing outputs;COVID-19;Inputs disruption | Issue Date: | 2021 | Abstract: | This paper investigates the negative impact of international trade (import in this case) on manufacturing outputs of Vietnam’s textile industry via inputs disruption when the coronavirus disease (COVID-19) initially broke out in China – the main trade partner of Vietnam – in 2019. In this thesis, I conduct two models: the first one examines whether manufacturing outputs have significant long-run relationship with imports of main inputs (yarn and fabrics) of textile industry, the second one tests how imports of these main inputs respond to the COVID-19 shock. Then, I combine the results from these two models to come up with the overall finding that the manufacturing outputs of textile industry were negatively affected by imported inputs disruption during the time of the pandemic shock, although I cannot assess the full impacts of this pandemic shock up until the time writing this paper. The results in this paper imply that the development of textile industry is unsustainable and vulnerable to seriously exogenous shocks. However, the results depend on the level of trade dependency in each industry and the ability of firms in these industries to find other appropriate suppliers to substitute. |
URI(1): | http://epub.vgu.edu.vn/handle/dlibvgu/1036 |
Appears in Collections: | Finance & Accounting (FA) Finance & Accounting (FA) Finance & Accounting (FA) |
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