Page 45 - ISC PROCEEDINGS 21.4
P. 45
Pulse reaction functions are used to determine the contribution of FDI, LF and
innovation to Vietnam's EG
3.2. Research model
The proposed research model is as follows:
= + + + +
=1 − =1 − =1 −
In which: denotes the stochastic error term.
t is the study period, from 1996 to 2024
FDI Labour force Innovation
+
+ +
Economic Growth
Figure 1. The research model
Source: Author (2026)
3.3. Research data
The data was presented in Table 1
Table 1. Research variables
Variable Description Source
Name
The World Bank
Logarithm of GDP per capita, PPP (constant
LGDP Development
2021 international $)
Indicators Database
The World Bank
Logarithm of FDI, net inflows (BoP, current
LFDI Development
US$)
Indicators Database
The World Bank
Logarithm of Employment to population
LLB Development
ratio, 15+, total (%) (national estimate)
Indicators Database
Logarithm of Total patent applications
(number of new patent applications filed
worldwide through national or regional WIPO IP Statistics Data
LINN
patent offices, including those filed via the Center
Patent Cooperation Treaty (PCT)
procedure)
44
