The influence of linear feedback control suppression under the calculation of fractional financial system on the upgrading of high-tech industries

Luo, Xiwen; Feng, Jiaying; Formaneck, Steven D.

doi:10.3934/mbe.2021260

Cited by 1 publication

(2 citation statements)

References 7 publications

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“…After reviewing previous literature, we propose an empirical model that demonstrates how different macroeconomic elements could influence Vietnam's progress in the MHM sector, measured by the medium-and high-tech manufacturing value added share of the total manufacturing value added (World Bank, 2022). The macroeconomic components we have identified include digitalization (Atasoy, 2021), trade liberalization (Khobai & Moyo, 2021;Ogu et al, 2016), financial development (Li et al, 2020;Luo et al, 2021), foreign direct investment (Azolibe, 2021;Bakirci et al, 2017;Bayar et al, 2020), and human capital (Anwar, 2008;Chen & Chien, 2011;Mignamissi & Nguekeng, 2022).…”

Section: Methodsmentioning

confidence: 99%

“…Better efficiency of regional finance and a stronger ability to tackle adverse selection problems promote the development of the industry. However, Luo, Feng, and Formaneck (2021) found that financial development has both positive and negative effects on the high-tech industry. On the one hand, financial development can lead to increased production scale and output, which provides continuous financial support for expanding production and can stimulate technological innovation.…”

Section: Financial Development and Medium And High-tech Manufacturing...mentioning

confidence: 99%

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Medium and high-tech manufacturing development and the connections to macroeconomic factors: Insights from a fast-growing market

Anh¹,

Nguyen²,

Anh

2023

5002

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The medium- and high-tech manufacturing (MHM) sector has played a crucial role in Vietnam's economic development. The purpose of this research is to identify the primary factors that contribute to the growth of the medium- and high-tech manufacturing sector in Vietnam. By applying the autoregressive distributed lag (ARDL) method to analyze annual data from 1990 to 2020, we discovered that different macroeconomic factors affect the short- and long-term development of the MHM sector in varying ways. Specifically, digitalization and human capital have a positive influence on the growth of the MHM sector over both the short and long terms. Trade openness and foreign direct investment, however, have a significant, negative long-term impact on the growth of the MHM sector. The effect of financial development on the MHM sector in Vietnam is significant and positive in the short term. Our study discloses that both the 2008–2009 global financial crisis and the Covid-19 pandemic positively impacted Vietnam's MHM sector, as global manufacturers diversified their supply chains and moved their production facilities to Vietnam during and after these events. From the empirical findings, our study offers valuable suggestions to the Vietnamese government, which will enable the country to unlock its full potential for MHM growth.

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Section: Methodsmentioning

confidence: 99%

Section: Financial Development and Medium And High-tech Manufacturing...mentioning

confidence: 99%

Medium and high-tech manufacturing development and the connections to macroeconomic factors: Insights from a fast-growing market

Anh¹,

Nguyen²,

Anh

2023

5002

View full text Add to dashboard Cite

show abstract

The influence of linear feedback control suppression under the calculation of fractional financial system on the upgrading of high-tech industries

Cited by 1 publication

References 7 publications

Medium and high-tech manufacturing development and the connections to macroeconomic factors: Insights from a fast-growing market

Medium and high-tech manufacturing development and the connections to macroeconomic factors: Insights from a fast-growing market

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